Redevco buys retailportfolio of € 25.6 mln. in Germany

Redevco Services Germany has bought a portfolio of retail complexes of a retailer in carparts and repair Auto-Teile-Unger (A.T.U.) from LHI Leasing for the amount of € 25.6 mln. LHI Leasing is a financial institution, which amongst others is active in the area of real estate investments and asset management. The shops are on strategic locations in 10 large German cities.

The bought A.T.U.-complexes can be found in Bochum, Bonn, Darmstadt, Dortmund, Düsseldorf, Freiburg, Hamm, Munich, Wrl and Wuppertal. In these complexes customers can buy parts of several carbrands. They can also have their car repaired and have hi-fi or other equipment installed.

Related News