Hahn to modernize retail park near Hanover, let 4,120 sqm
The Hahn Group intends to revitalize and expand a 1985 retail park in Garbsen, near Hanover, starting in the 2nd quarter of 2019. A German pension fund is investing in the Spezialfonds, which is managed by Hahn. The new tenants – TK Maxx, dm-drogerie markt and Siemes-Schuhcenter – have concluded long-term leases for a total area of 4,120 sqm. Ernsting’s Family, an existing tenant, will also see its sales area expanded in the course of the reallocation. Anchor tenant Real will have 11,800 sqm after revitalization. Lettable space will total around 18,500 sqm plus 775 parking spaces. The construction work is scheduled for completion at the end of 2019, with investment volume in the low double-digit millions.
Subscribers to our premium service have access to this article in full as well as to an additional 480,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.
TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.