IntReal International Real Estate acts as the fund’s capital management company. The total investment volume of the transaction amounts to 132 million euros, making it Habona’s largest single purchase to date. The seller is a German institutional investor.
The portfolio is spread across several locations throughout Germany, mainly in the federal states of North Rhine-Westphalia, Bavaria, Saxony, Baden-Württemberg and Hesse.
The properties each represent established local suppliers in their catchment areas and are an important part of the local supply infrastructure. The portfolio covers a total rental area of around 60,000 sq m, with over 85% of the rental income attributable to well-known food retailers such as Edeka, Rewe, Netto and Penny. The average weighted lease term (WAULT) is around six years with index-linked leases throughout.
With this transaction, the local supply portfolio managed by Habona grows to 220 properties with a value of over 1.1 billion euros.
“The transaction underlines Habona Invest Group’s expertise as a specialist in the local supply sector. In our opinion, the window for investing in local supply properties has opened wide in recent months. Accordingly, we will continue to expand our acquisition activities this year,” commented Guido Küther, Managing Director of Habona Invest.
