Principal Real Estate Europe (Prin RE), formerly Internos Global Investors, acting as asset and transaction manager and Paref Gestion, fund manager of the SCPI Novapierre Allemagne have acquired a retail property in Ludinghausen, southwest of Munster, Germany. The vendor is a private investor. The parties agreed not to disclose the purchase price.
"Darley Park" is a superstore with beverage store and associated DIY and garden centre, that stands on an around 32,000m² site at Hans-Bockler-Strasse 2-8. Marktkauf and toom occupy the fully-let property, which has a lettable area of around 12,900m² and 480 parking spaces. Completed in 2006, the asset is situated in a commercial area near the town centre. JLL acted as broker on behalf of the vendor. Law firm GSK Stockmann advised the buyer on legal issues and Duff & Phelps REAG GmbH on technical matters.