GRR acquires local supply center in Saxony


Nuremberg-based GRR Group has acquired a local supply center in Delitzsch/Saxony in an asset deal for the GRR German Retail Fund No. 2. The seller is Delitzscher Projektentwicklungsgesellschaft based in Hanover. The retail park near the train station has four rental units totaling about 2,600 sqm lettable space, the lot measures roughly 10,000 sqm. Anchor tenants are grocery discounter Penny and a dm drugstore. BNP Paribas Real Estate Leipzig brokered the deal. Technical due diligence was handled by Schuster Real Estate Consultants, legal advice was provided to GRR by the law firm of Arnecke Sibeth Dabelstein.

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