redos institutional has acquired a specialist store in Kirchberg (Rhineland-Palatinate) for the fund "redos Einzelhandel Deutschland II" managed by Union Investment. The seller is Aspen Group. Catella Property acted as advisor to the buyer in the transaction. The purchase price was not disclosed.
Built in 2000, the self-service store has just under 4,000m² of rental space on a plot of land measuring approx. 15,000m². The full-range supplier with direct connection to the B50/B421 traffic junction is an important source of local supply for the surrounding area.
Diane Becker, CEO of Catella Property: "We are experiencing strong interest in sustainable and well-let properties in B and C cities. Food speciality stores remain the focus for investors".