Centerscape Group has purchased a Norma-anchored retail park in Coswig, Germany.
The property was built in 2011 and comprises a retail space of 6,482 m2 which is occupied by discount supermarket Norma and seven ancilliary tenants from the service sector.
The retail park is located in a chiefly residential area. The transaction price was not disclosed.
Retail investor Centerscape, founded in 2007, focuses on the acquisition of high-quality, centrally located retail properties in Germany, Poland and the Czech Republic.