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Momentum and Hansainvest buy "Erft Karree" in Kerpen

Momentum Real Estate has acquired the retail park "Erft Karree" in Kerpen near Cologne for the Spezialfonds Momentum Handel II launched this year. The deal was supported by Hansainvest as capital manager administering the fund. The "Erft Karree" has 54,400 sqm lettable space occupied by more than 30 tenants with long-term leases. No information was provided on the seller. The last known owner is Catalyst Capital, who had bought the property in 2014 for €55mn. Anchor tenants are Obi, Roller, and Saturn. The planned investment for the fund portfolio is €200mn.

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