Warburg-HIH takes over Ulm-area retail center
Warburg-HIH Invest has acquired a 9,300 sqm neighborhood retail park in Elchingen, near UIm. The site, formerly a Real hypermarket, was completely renovated by a private investor in 2018. Its main tenants are now Edeka (2,700 sqm), Lidl (2,100 sqm) and the regional shoe and apparel chain Hermann Schuhe und Mode (2,300 sqm). The property is being placed in the portfolio of the spezial-AIF “Perspektive Einzelhandel: Fokus Nahversorgung”, which now holds eleven properties worth a total of €225mn. The average lease term is 12.3 years.
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