The redos Group, acting on behalf of "Redos Einzelhandel Deutschland II” set up togetherwith Union Investment under a third-party AIFM mandate, has acquired a retail park in Goslar, Lower Saxony. The property compromises c.14,200 m² of rental area. It has been agreed not to disclose the purchase price.
The retail park has opened in 2002 and is characterised by a diverse mix of tenants. The core tenants of good credit standing include EDEKA (Marktkauf), Aldi and McDonald’s. Deichmann, Jeans Fritz and ernsting’s family are also represented in the retail park, in addition to a wide range of food outlets and service providers. The property features more than 700 free parking spaces and comprises a total area of around 50,000 m².
“With the retail park in Goslar, we have acquired a highly frequented location with a strong retail base for our special fund. We anticipate potential for appreciation that we intend to exploit with the ongoing development of space concepts or targeted modernisation work,” said Torsten C. Wesch, Managing Director and Head of Fund Management at redos.
Goslar has a population of around 50,800 and is thus the largest city in the Harz region. It boasts strong retail purchasing power. The extended catchment area comprises as many as 188,000 people. Goslar is also a popular tourist destination, as measured by the figures for guests arriving and staying overnight. The retail park can be easily reached thanks to its convenient location on highway B6.
