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Retail park portfolio I Bitterfeld and Plauen, Germany

The real estate portfolio is located in the economically attractive areas of Bitterfeld-Wolfen and Plauen and is easily accessible thanks to adequate infrastructure. The real estate portfolio, consisting 100% of commercial space, has a total usable area of 7.258 sqm.

The first retail property has been fully leased for more than 20 years by one of Germany's leading DIY discount stores B1 Discount Baumarkt (subsidiary of TOOM Baumarkt, REWE Group); the second retail property is exclusively leased by Thomas Philipps Sonderposten, which currently operates 250 stores in Germany and sells garden, household, leisure and pet products. 

Rental flows are secure and immediate thanks to a 100% occupancy rate and there is potential for rental reversion under the terms of the leases.

Key figures

  • 07/2020
    Acquisition
  • 7.258 sqm
    Usable area
  • 6.4 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