Gold Tree Group has completed the acquisition of the first eight retail parks out of eighteen that were purchased in a forward deal from the developers Ten Brinke Group and Zehentner & Seidel group. Further acquisitions with the developers mentioned are planned for later this year.
The volume currently amounts to approximately €70m but is expected to grow to approximately €200m in the further financial year. The portfolio comprises eight retail parks across Germany with a total size of approx. 30,000m² which are all rented to well-known food retailers on a long-term basis. Montano Asset Management was responsible for transaction management and will continue to look after the properties in the future.
