Aberdeen European Balanced Property Fund has acquired a fully leased retail property in Gelsenkirchen, Germany from UK-listed retail property company Treveria. The financial details of the transaction were not disclosed.
Aberdeen European Balanced Property Fund has acquired a fully leased retail property in Gelsenkirchen, Germany from UK-listed retail property company Treveria. The financial details of the transaction were not disclosed.
The asset is fully leased to fashion retailer C&A and it is located in Gelsenkirchen ’s main shopping street. The property was constructed in 1957 and refurbished in 2006.The lettable retail area of the property amounts to 3,940 m2 with a sales area of 2,780 m2 spread across the basement, ground floor and first floor.
Aberdeen European Balanced Property Fund was advised by the local transaction team of Aberdeen Immobilien KAG.
