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Retail Park I Magdeburg, Germany (Saxony-Anhalt)

The asset is located in the city of Magdeburg, capital of the state of Saxony-Anhalt (north-eastern quarter of Germany) renowned for its architectural heritage.

With two famous universities that welcome nearly 20.000 students and directly served by several highways, Magdeburg is considered a strategic crossroads as well as an industrial and commercial center.

With an occupancy rate of +82% rented from 8 tenants, the investment represents a "Core" asset. However, it benefits from a potential "Value-Added" valuation on a vacant space that will be leased to new renowned companies in order to complete the existing retail offer.

Key figures

  • 09/2020
    Acquisition
  • 9.140 sqm
    Usable area
  • 10.3 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