Redevco Germany has purchased two high street retail properties in the centre of Kassel and Bielefeld from an unnamed privately owned company. The Bielefeld property is located at Bahnhofstraße 23 and the property in Kassel at Am Friedrichplatz 19-20. Both properties are fully let to Sinn Leffers and Drogerie Müller.
Redevco Germany has purchased two high street retail properties in the centre of Kassel and Bielefeld from an unnamed privately owned company. The Bielefeld property is located at Bahnhofstraße 23 and the property in Kassel at Am Friedrichplatz 19-20. Both properties are fully let to Sinn Leffers and Drogerie Müller.
The property in Bielefeld, constructed in the early 1980s, is situated in the northern part of the city and offers a total of 16,000 m2 of retail space over four levels. The building is fully let to Sinn Leffers and Drogerie Müller on long leases.
The property in Kassel is situated in a prime location on Am Friedrichplatz and offers 12,000 m2 of retail space, spread over five floors. The building is fully let to Sinn Leffers on a long lease.
Heinz Brenninkmeijer, managing director at Redevco Germany, said: 'We are very pleased with these acquisitions, which reflect our strategy of further expanding our portfolio to include more high-quality city-centre properties.'
Redevco is an independent international real estate company, managing and developing one of the largest retail portfolios in Europe, currently valued at EUR 7.3 bn. The portfolio comprises over 750 properties in top locations throughout 18 countries.
