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Downtown building I Moers, Germany (North Rhine-Westphalia)

With a population of more than 105.000 inhabitants, Moers is located in the state of North Rhine-Westphalia, in the district of Düsseldorf in West Germany. It is the most populous and economically strongest state in Germany, thanks in part to the Ruhr area.

The shopping center was acquired from a pan-European real estate fund. It is located in the heart of the city, on a main pedestrian street and close to major retailers such as H&M, Zeeman or Targobank. The main tenant for more than 4.000 sqm is Saturn. The center is also occupied by Rossmann and Post Office.

The potential for development lies in the leasing of empty space and in the revaluation of rents at the end of the leases.

Key figures

  • 08/2018
    Acquisition
  • 7.379 sqm
    Usable area
  • 12.8 M€
    Investment
Luxembourg
MIMCO Capital S.à r.l. headquarters
Address: 25C Boulevard Royal
L-2449 Luxembourg
Tel: +352 661 988 977
Email: office@mimcocapital.com
Germany
MIMCO Asset Management GmbH subsidiary
Address: Grolmanstrasse 36,
10623 Berlin
Tel: +49 30 810 5661-0
Email: office@mimcocapital.com
France
MIMCO Asset Management S.A.S. subsidiary
Address: 87 Boulevard Haussmann
75008 Paris
Tel: +33 1 44 70 04 36
Email: office@mimco-am.com
Access to MIMCO Asset Management website