GRR acquires local shopping centre in Plauen

The GRR Group has acquired a local shopping centre in Plauen (Saxony) as an asset deal for its German Retail Fund No. 4. The property comprises 18,000 m² and the rental space 4,200 m². The seller is the Zehentner & Seidel Unternehmensgruppe from Weimar. In addition to a Rewe full-range retailer as the anchor tenant, dm-Drogeriemarkt and the fashion chain Takko are also represented. Dria (Dahlke Real Estate) from Heinsberg advised and acted as agent. Schuster Real Estate Consultants provided technical, legal and tax advice to CMS Hasche Sigle. The special fund is administered by Intreal. The acquired equity amounts to 258 million euros. The planned investment volume of 332 million euros is to be reached in 2024.

Source: Thomas Daily