New acquisition for MIMCO Capital of a retail park in Lippstadt, Germany
MIMCO Capital is completing the acquisition from a US fund of a German retail park with leisure located in Lippstadt in the federal state of North Rhine-Westphalia near Dortmund and Münster.
The shopping complex is located in the city center of Lippstadt, making the area very attractive.
The investment represents more than 20 million euros. The total surface area represents 13,388 m2 of floor space and is composed of a cinema part managed by the Canadian group "Cineplex" on the one hand and a retail park part with several well-known brands such as Deichmann, KIK, Tedi or Takko on the other hand. The center also benefits from a large public car park managed by APCOA, the N°1 car park operator in Europe.
This acquisition is carried out on behalf of the Everest One SICAV-FIAR fund and reinforces the stability of the portfolio with a WALT of more than 8 years while benefiting from a valuation potential.
Congratulations to the entire team for this achievement, as well as to our partners: BNP Paribas Real Estate Germany, the Luther Law firm, PLC, Von Löbbecke notar and the Volksbank.