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Retail and office building I Recklinghausen, Germany (North Rhine-Westphalia)

Recklinghausen is the capital of Germany's most populous district and currently has 115.000 inhabitants. It is located in the heart of the Rühr, in one of the most densely industrialized regions in the world.

The commercial and office complex is located in the Stadion Hohenhorst industrial area, about 2 km from the city center of Recklinghausen. It was acquired in sale & leaseback for 2.95 Million euros deed in hand. A lease of 10 years has been renewed with the Askania GmbH Group.

The asset's valuation potential lies in the revaluation of the rents to EUR 255.000 per year, excl. taxes and charges (compared to the former rent of EUR 246.000 excl. VAT/HC/year).

Key figures

  • 05/2018
    Acquisition
  • 5.255 sqm
    Usable area
  • 2.9 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