redos extends rental contracts with OBI at ten locations with a total of 115,300 m² rental space
March 23, 2023
Hamburg, 21 March 2023 – OBI, the DIY expert in Germany and Europe, and redos, an investor, asset and fund manager specialising in large-scale retail properties, are deepening their collaboration and extending the leases for ten retail properties. The retail properties are located in Arnsberg, Bad Segeberg, Bannewitz, Bielefeld, Dreieich, Emden, Hannover-Laatzen, Kassel, Leverkusen and Wiesbaden. The portfolio covers a total rental area of around 115,300 m².
The three largest OBI markets rented by redos are located at Eckendorfer Str. 222 in Bielefeld (approx. 15,900 m²), Friedrich-Bergius-Strasse 20 in Wiesbaden (approx. 14,000 m²) and Lüneburger Str. 24 in Hanover-Laatzen (13,600 m²).
“The extension of the leases almost across the board is a strong signal in an economically challenging time. With this, OBI is making a clear statement for the stationary retail trade and is making an impressive commitment to the locations,” says Stephan Tscharntke, Director | Leasing at redos. “We are very confident that we will be able to announce positive news about further OBI shops in the near future.
“In addition to the digitalisation of our services, stationary trade is and remains our key business. We are looking forward to continuing to make ‘everything feasible’ for our customers in the ten stores rented from redos in the future. With redos, we have a reliable partner at our side and look forward to continuing our cooperation,” says Peter Tepaß, Chief Officer CE at OBI and Spokesman of the Board of the DIY, Construction and Garden Trade Association (BHB).
Redevco has a majority stake in redos, a Hamburg-based large-scale retail and urban logistics property investment specialist.