Deutsche Investment acquired a discount grocer in the city of Dieburg from a private company on behalf of its separate asset pool, “Deutsche Investment – Food Retail I”. The two parties agreed not to disclose the selling price. The building, which was raised on a plot of around 4,700m² in 2016, has a lettable area of about 1,153m², thereof around 815m² of sales area. It is fully leased to the chain discounter NETTO Marken-Discount.
“Aside from the sound structural condition of the property, the decisive factors for the acquisition included its occupancy by a blue-chip anchor tenant on a long-term lease and its location directly in the neighbourhood of residential areas and student halls of residence,” said Susanne Klaussner, Managing Partner of DIR Deutsche Investment Retail GmbH, who is responsible for the transaction, asset and property management of the fund real estate together with her specialist team.
“The city of Dieburg is expected to see moderately positive demographics in the coming years. In combination with the city’s role as a middle-order centre, this means that the site will retain its long-term appeal for discount grocers who ensure that local residents are supplied with non-discretionary goods,” added Matthias Kreil, Head of Transaction Management at DIR Deutsche Investment Retail GmbH.
