Hahn to modernize retail park near Hanover, let 4,120 sqm

30/11/2018

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.


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