Redevco acquires prime retail space in Kassel and Bielefeld in Germany

November 16, 2010

Redevco Germany has purchased two high street retail properties in the centre of Kassel and Bielefeld from a privately owned company. The Bielefeld property is located at Bahnhofstraße 23 and the property in Kassel at Am Friedrichplatz 19-20. Both properties are fully let to Sinn Leffers and Drogerie Müller.

The property in Bielefeld, constructed in the early 1980s, is situated in the northern part of the city and offers a total of approx. 16,000 sq m of retail space over four levels. The building is fully let to Sinn Leffers and Drogerie Müller on long leases.

The property in Kassel is situated in a prime location on Am Friedrichplatz, close to Obere König-sstraße and the corner of Friedrichplatz. It offers approx. 12,000 sq m of retail space, spread over five floors. The building is fully let to Sinn Leffers on a long lease.

Heinz Brenninkmeijer, managing director at Redevco Germany, says: “We are very pleased with these acquisitions, which reflect our strategy of further expanding our portfolio to include more high-quality city-centre properties.”

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