HIH Invest Real Estate has acquired the mixed-use neighbourhood retail centre “Deli” in Duisburg. The property, which has been in business for more than 20 years at Alsterlager Str. 88-94 in the city’s Rheinhausen district, has a total lettable area of about 18,700m² along with 568 car parking spots. It consists of three stand-alone retail warehouses and a DIY store. Anchor tenants are an “E-Center” hypermarket (Edeka), which occupies 7,000m² and a “toom” DIY store comprising 8,800m². Other tenants include a Danisches Bettenlager home furnishing store which totals 1,100m² and1,800m² Frutel Sport & Spiel retail warehouse. The average lease term (WAULT) of the fully occupied neighbourhood retail centre exceeds eight years. Sub-let units inside the E-Center hypermarket are occupied by Ernsting’s Family, a hairdresser, a bakery, a pharmacy, a florist and takeaway shops. There are five different driveways to access the parking lots of the standalone building sections either from Alsterlager Strasse or Homburger Strasse. The location is also conveniently accessible via the public transportation system. The purchase price was not disclosed.
Jens Nagelsmeier, Head of Retail Transaction at Warburg-HIH Invest, commented: “This retail park is the dominant local retail location within the city district of Duisburg-Rheinhausen, occupied by fast-selling mutually complementary retail tenants. The long-term leases, which have already been renewed several times over, are based on the revenues of the high-net-worth tenants at the site. Due to its accessibility, the ample parking supply, the size of the hypermarket and the complementary retail formats, the ‘Deli’ neighbourhood retail centre in Duisburg’s Rheinhausen district is superbly positioned.”
