Deutsche Investment has acquired the Rödertalpark retail warehouse park in Grossröhrsdorf, in the Saxony region of Germany, for its latest separate asset pool, Deutsche Investment – Food Retail I.
Built in 1995, the 15,560-m2 property was thoroughly modernised and enlarged in 2012, and is almost fully occupied today. Anchor tenants include Kaufland (superstore), Aldi Nord (discount supermarket) and Hagebau (DIY).
The asset was acquired from Pemper Stoler Grundbesitz, a Berlin-based property company, for an undisclosed price. It also includes 625 free car parking spaces.
‘We intentionally chose to include retail warehouse parks in rural areas on the periphery of major conurbations or middle-order centres among the group of targeted investment assets for our separate asset pool. What matters to us is that such locations should have far-reaching appeal within their regions,’ said Susanne Klaussner, managing partner of DIR Deutsche Investment Retail.
‘With a tenant mix that is resilient vis-à-vis the online competition, Rödertalpark has evolved into a very important location within the region,’ added Matthias Kreil, the head of transaction management at DIR Deutsche Investment Retail.
Deutsche Investment – Food Retail I was launched in February 2020, and focuses on grocery retail locations everywhere in Germany. In the first year after launch, it bought over €60 mln worth of properties and secured exclusivity on €65 mln of assets.
