redos acquires Kaufland in Würzburg as part of an asset deal

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Hamburg/Würzburg, 28 June 2023 – The redos Group, an investor, asset and fund manager specialising in large-scale retail real estate, has announced the acquisition of a Kaufland shop in Würzburg. The property was acquired as part of an asset deal for Union Investment’s special AIF fund “Redos Einzelhandel Deutschland III”. The seller of the property is Volksbank eG Braunschweig Wolfsburg with BO.L Projektentwicklung GmbH, a joint venture between the blueorange Group and Lüder Unternehmensgruppe. The parties have agreed not to disclose the purchase price.

The property is a hypermarket with a retail area of approximately 17,530 m² and a site area of approximately 34,140 m². The property offers 720 parking spaces and has a remaining term of approximately 19 years.

Frank Eckervogt, Managing Director Transaction at redos, commented on the acquisition: “We are pleased to have gained another long-term leased and future-proof property for our portfolio with the property in Würzburg. Würzburg is an extremely attractive location – this underlines our strategy of investing in established locations.”