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Warburg-HIH Invest buys retail warehouse park in Bavaria
Transactions - NOVEMBER 6, 2020

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Warburg-HIH Invest buys retail warehouse park in Bavaria

by Released

Warburg-HIH Invest Real Estate has acquired a retail warehouse park, located on Landshuter Strasse in Ergoldsbach, Germany.

The new-build development with a gross leasable area of around 6,200 square meters (66,700 square feet) and 230 parking spots was completed during third quarter 2020. The anchor tenants of the fully occupied property are the retail multiples Rewe (food), Aldi (discount food) and Rossmann (toiletries). These three companies signed long-term leases for the next 12 to 15 years. The location’s retail line-up is supplemented by a textiles store and a food venue. The average remaining lease term is close to 14 years. The acquisition took the form of a forward-funding arrangement within the framework of an asset deal dating back to summer 2019. It was agreed not to disclose the selling price.

The retail warehouse park will be added to the portfolio of the Warburg-HIH Perspektive Einzelhandel: Fokus Nahversorgung open-end special AIF. It will bring the

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