GPEP and Universal gathering more Netto markets
GPEP and Universal-Investment have expanded the portfolio of twelve Netto markets purchased in Mainz for a Spezialfonds. They purchased 14 Netto discount grocery markets and one Edeka supermarket with a total area of 20,360 sqm from Marktkauf-Holding. Most of the properties are located in Bavaria, Lower Saxony, and Saxony. Marktkauf was advised on the deal by CEV, JenAcon and KPMG. Mayer Brown served as legal counsel for the buyer. Also in November, GPEP and Universal-Investment bought individual Netto properties in Berlin, Halle, and Arnstorf (Bavaria) with a total leased space of 3,200 sqm from Hoepfner Bräu (Karlsruhe), Hoepfner BauInvest Plus (Berlin, Halle) and Morris Immobilien (Arnstorf) for the Spezialfonds.
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