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Bielefeld: R+V buys Marktpassage from Cerberus

Insurer R+V Versicherungsgruppe has bought the former "Marktpassage" in downtown Bielefeld. The seller of the property on Bahnhofstra├če 27a is a property management company of Cerberus. JLL advised the seller and brokered the transaction. The company had restructured the mall as part of an asset management mandate in 2015 and 2016. The building, which is nearly fully leased, has 12,085 sqm lettable space and 154 parking spaces. Saturn and H&M are the anchor tenants.

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