22 September 2023
MIMCO Capital completes the acquisition of a Retail Park in Weisswasser, Germany
Published
22/09/2023

The MIMCO Group continues to invest on behalf of its Everest One fund with the acquisition of a Retail Park located in Weisswasser, Germany.


Located 115 km from Dresden, the capital of Saxony, and a few kilometers from the border with Poland, Weisswasser is the third largest city in the Görlitz district after Görlitz and Zittau.


The property has very good fundamentals and is in the immediate vicinity of an attractive environment with supermarkets, railway station and city center activities.


The investment represents nearly 10 Million euros for a total usable area of approximately 13,000 sqm and shows an annual global rent of more than 687,000 euros for a WALT of 6.5 years.


"The occupancy rate of the property is 86.74%, with TOOM Baumarkt, one of Germany's leading DIY store chains, as the main tenant for almost 9,000 sqm. Our other tenants include the electronics and household appliances chain Expert as well as Europe's leading shoe retailer Deichmann", says Bernd von Manteuffel, co-founder and CEO of MIMCO Capital.


"The potential for value creation lies in the vacant retail space, which is to be restructured and then leased to new, renowned companies to complement the existing retail offering. This investment is fully in line with the strategic investment objective of the Everest One fund", adds Christophe Nadal, also co-founder and CEO of MIMCO Capital.


Thanks to the entire team for this achievement, as well as to our shareholders and partners.


Notre Actualité

06.07.2026

MIMCO announces the official start of construction works at the 48 Notre‑Dame‑des‑Victoires project, located in the 2nd arrondissement of Paris. General contractor PETIT has been on site since April 2026, marking the project's entry into its active construction phase.

Announcement

30.06.2026

MIMCO announces the complete reservation of all apartments in the Santos Townhouse project, located in the sought‑after residential neighbourhood of Santos in Lisbon. This milestone marks the end of the project's commercialisation phase, in line with the initial objectives of the club deal, and paves the way for the investor repayment process.

Announcement

18.06.2026

The MIMCO group is making a strong start to the season by entering directly into 2nd place in the 2026 Gestion de Fortune Rankings, in the Real Estate Private Equity category.

News

21.05.2026

MIMCO Group announces the appointment of Jorge Cunha as Managing Director – Head of Business Development Europe. In this role, Jorge Cunha will be responsible for business development across Europe and for the Group's strategic deployment on the Iberian Peninsula — Spain and Portugal. He will oversee the new offices in Madrid and Lisbon, which are set to open in the near future.

Corporate

Back
Scroll