GRR German Retail Fund No.1 buys retail asset in southern Germany (DE)

GRR Real Estate Management has expanded the portfolio of the GRR German Retail Fund No. 1 by adding another property. The latest investment is a REWE supermarket in Baden-Wurttemberg. The portfolio, launched by GRR in 2012, now includes 32 properties.
The retail property just acquired was built in 2006. The supermarket has very good access from the surrounding area via the A6 motorway and nearby federal roads. The transaction was facilitated by Steinbauer Immobilien KG of Wiesbaden.
GRR German Retail Fund No.1 is an open-end real estate special AIF, administered via the platform of the Service-KVG IntReal.
Source: GRR