Hahn buys retail park in Lower Saxony

29/01/2019

Hahn Group has acquired the famila Center in Brake, Lower Saxony, for the “Hahn German Retail Fund II”. The company quotes and investment volume of €18mn. The seller is J. Bünting Beteiligungs AG, who will be the prime tenant of the building. Grüneberg Property of Düsseldorf brokered the deal. McDermott Will & Emery advised on the transaction. The first section of the retail park was completed in 1973 and modernized in 2018. It has 16,800 sqm lettable space. Bünting is operating a famila supermarket with about 4,800 sqm retail space and a beverage market in the retail park. The remaining space is sub-let to 24 retailers and service providers, among them Elektronik Expert, the drugstore chain Müller, Takko, Deichmann, and KiK.


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