With the acquisition of a 750-m² plot in Fulda, Bauwert Investment Group is about to realize another retail property in the German state of Hesse, following in the wake of the P&C fashion store project in Kassel. The idea is to deepen the company's commitment in the development of high-end business and retail real estate in prime inner-city locations.
"We noticed that fashion chain retailers are generating a serious demand for high-quality retail space in small to medium-sized cities that often goes unmet," commented Dr. Jürgen Leibfried, a Partner of Bauwert Investment Group. "We therefore decided to concentrate our retail project planning and development efforts consistently on attractive mid-segment cities such as Kassel or, most recently, Fulda."
Start of construction for the retail development in Fulda is slated for summer 2011, with the completion scheduled for autumn 2012.
Source: Business Network Marketing- und Verlagsgesellschaft Berlin