Union Investment has signed a long-term lease agreement with AmRest Coffee Deutschland Sp. z o.o. & Co. KG, which operates the Starbucks Coffee Houses at Kettwiger Tor in Essen.
"In Starbucks Germany, we have found an attractive successor for the space occupied by the Hallhuber fashion chain, which will benefit the other office and retail tenants in the building and also in the immediate vicinity," said Sven Lintl, Head of Asset Management Germany at Union Investment.
The Kettwiger Tor property is located in a central city centre street in Essen, on the north side of the main railway station. This is around 400m away and can be reached within a few minutes. The building has been part of the portfolio of the institutional real estate fund UniInstitutional German Real Estate since 2014.
Image source - Union Investment.
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