Munich-based Mondial Kapitalanlagegesellschaft has acquired another two retail warehouse parks for a combined total of approximately EUR21 million.
One of the retail warehouse parks is located between Karlsruhe and Stuttgart in Baden-Wuerttemberg. It has a lettable area of more than 3,000 sq m and will be completed by early 2016. Anchor tenant Edeka, a German food market multiple, already signed a lease contract over a 15-year term. Other occupiers will include drugstore multiple Rossmann.
The other retail warehouse park is located just outside Cologne in North Rhine-Westphalia. Raised in 2007, the property has a lettable area of more than 8,000 sq m. It is anchored by REWE supermarket with a 15-year lease. Other retailers include, without being limited to, dm, Takko, TEDI, and Ernsting's Family.