PRESS & MEDIA
29th April 2016
German Asset Management acquires twelve retail properties
Investment volume in the tens of millions of euros
German Asset Management has acquired a portfolio of twelve retail properties. The portfolio comprises home improvement, consumer electronics and grocery stores. The portfolio's specialised retail properties are situated at a diverse range of locations, including in Berlin, Leipzig, Dresden and Düsseldorf. The investment volume is in the mid tens of millions of euros.
“German Asset Management focuses its investments on B locations within major metropolitan regions and in B cities,” said Andreas Lewandowski, Managing Director of German Asset Management. “Our detailed analysis of the portfolio's individual locations has enabled us to identify properties beyond the overly expensive core segment. Even with our conservative investment calculations, these properties offer the prospect of attractive yields,” said Lewandowski. German Asset Management exploits value-add potentials by acquiring properties in a variety of risk categories, optimising leases and tenant structures, and implementing modernisation and refurbishment programmes.
Dr. ZitelmannPB. GmbH
Rankestraße 17, 10789 Berlin
Tel.: +49 30 72 62 76 157