The property comprises approximately 25,184 sq m of rental space, leased to 30 businesses, including anchor tenants such as Kaufland, MediaMarkt, and dm.
“The Dortmund location has demonstrated a very robust development in socio-economic fundamentals that are important to us, and we expect this positive trend to continue,”says Markus Haimerl, Director of Transactions at Redevco. “We were also convinced by its easily accessible micro-location. By making the roof PV-ready, we can implement our ambitious sustainability goals at this new site in the near future. We are therefore pleased with this successful transaction, which allows us to further diversify our fund portfolio in a targeted manner while generating stable cash flows for our investors.”
Originally built in 1976, the retail park underwent extensive refurbishment in 2013. The occupancy rate is 99 percent, with a weighted average lease term of 6.6 years. The entire site covers 93,838 sq m and provides space for 1,407 parking spaces.
This acquisition further strengthens Redevco’s pan-European retail park platform, which already comprises around 200 properties in Belgium, Germany, Spain, Portugal, and the United Kingdom, with a total volume of nearly 5 billion euros.
