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Retail Park I Lippstadt, Germany (North Rhine-Westphalia)

Acquisition from a US fund of a retail park with leisure facilities in Germany, located in Lippstadt in North Rhine-Westphalia (West Germany), near Dortmund and Münster. 

It is the most densely populated and economically strongest state in Germany, thanks in part to the Ruhr area.

The complex is composed of a cinema part managed by the Canadian group "Cinéplex" 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 potential for asset development is located in the vacant 720 sqm of retail space. No work to be planned on the whole. The potential rent is 50.000 € per year + annual indexation, that is to say a potential rent increase of 5%.

Key figures

  • 11/2019
    Acquisition
  • 13.389 sqm
    Usable area
  • 20.2 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