Part of the Aberdeen Property Investors Group, DEGI has announced the signing of a purchase agreement for the Andernach Shopping World, involving a total investment of around €40 million. The directly purchased property will be added to the DEGI GERMAN BUSINESS property fund, which focuses on commercial properties in Germany.
The Andernach Shopping Word is prominently situated at the main arterial road of the centrally located Rhineland-Palatinate town. The retail center comprises three separate buildings, constructed between 1998 and 2007. The three excel in terms of high flexibility among a total of 39 retail units and has been let to prestigious retail chains.
The Retail Park possesses a total renting space of around 24,700 m