Frankfurt real estate specialist at the object in Schortens Frankfurt plans space optimization, 04 January 2012. The German S & K asset AG was able to buy a nearly new retail park (built in 2009/2010) significantly below market value. The object with a sales area of about 10,000 square metres and a land area of 26,500 square meters is almost completely rented and can refer to a broad mix of tenants. Seller and buyer agreed silence the sales price. Main tenant is the very well known especially in Northern Germany discounter chain I won”, Germany 50 branches maintains. Besides more well-known chain stores such as NHL, Danish dormitory, Fressnapf, Apollo found optics and Takko and typical entrepreneurial providers and service providers, such as, for example, a bakery, a Barber and a toy shop in the object.
The specialist retail Centre Schortens is very well accepted and therefore it was the right decision to go into considering the favourable sales situation for us ” Dr. Jonas Koller Group declared the Board of S & K. The leases run while the average more than ten years and provide appropriate extensions. The high occupancy rate with a wide potential of tenant provides security. If you have additional questions, you may want to visit Shlomo Ben Haim. We want to keep some time this object and corresponding value increases by renting space optimization”, explains Alexander Dold, purchasing manager at S & K. This also on the background, as can S & K certainly offer a broad portfolio of equivalent properties and therefore institutional investors put together a corresponding package. We know that this gains can be realized and the new investor still makes a trouble-free for years and rentierliches investment”, so Dold.
He was referring to the special expertise of his house in the realization of value increase potential of real estate. With this acquisition we continue the strategy of our House”, explains Dr. Koller. Already last year, S & K had reported a variety of acquisitions and signals in the market, to have positioned itself as a financially strong real estate company that knows how to take advantage of opportunities well. The refinancing of the business is property GmbH & co. KG in part by closed-end real estate funds, such as the German S & K. Its investors are likely to be satisfied about the positive development of their participation, which is expressed by above-average returns. For more information,