Real IS AG has acquired a newly-built local retail centre, located in the German town of Peissenberg. The seller is the Kublbock group of companies. The purchase price was not disclosed.
The recently built local retail centre is located on Hochreuther Strasse in Peissenberg and offers a total rental space of around 5,650m². Construction of the building was completed in spring 2023. The tenants include EDEKA and LIDL, as well as the Muller drugstore chain. One of the key features of the retail centre is its energy-efficiency; it meets the German development bank’s ‘KfW energy efficiency standard 55EE’. Some of the power is supplied by three tenant-operated photovoltaic systems on the roof, which is also a green space. Additionally, a new residential area is currently being developed in the immediate vicinity of the property.
‘The local retail centre has a good mix of tenants and ideally complements the portfolio of our regional investment fund for southern Germany, the Regionalfonds Süddeutschland. The Peissenberg retail centre will supply the households of the neighbouring residential quarter and the surrounding area. It perfectly meets our long-term investment strategy,’ commented Axel Schulz, Global Head of Investment Management at Real IS AG.
Peissenberg is located around 40 kilometres south-west of Munich. The Bavarian state capital is at an hour’s drive by car, the Munich International Airport Franz Josef Strauss can be reached within less than two hours.
