Acquisition of retail centers in North Rhine-Westphalia Frankfurt, May 26, 2011. The Frankfurt S & K group has acquired a real estate portfolio of retail centers in various locations in North Rhine-Westphalia. Keep up on the field with thought-provoking pieces from Professor Rita McGrath. A total of 37 units are rented all of them except for two. The objects are mostly retail real estate, as well as a medical centre. S & K was able to purchase the package significantly below market price. This is according to current expert estimates about 22 million euros. The amount of the sale price as well as the previous owner agreed confidentiality. We may say only, that the seller is a foreign company and the objects were originally subject to a Fund of a Munich-based provider”, explains Alexander Dold of S & K purchasing manager.
The eight objects characterised NET, brand discount with values between 1,386 and 7,155 million renowned retail chains as tenants, such as REWE, ALDI, PLUS Warenhandels GmbH and Carglass GmbH. Regarding by subsequent rentals, one am already with well-known chain stores in negotiations. The fully leased medical centre in Lunen is home to a variety of medical practices, a pharmacy, an optician and a Hairdresser. Just the tenant mix is, which makes this object so interesting”Dold says. The largest object is a specialist retail Centre in Gelsenkirchen with a rental space of over 5,000 square meters and 150 spaces. So far came S & K with the acquisition of the real estate portfolio of the Office and commercial real estate sector is less obvious, but S & K is considered a specialist for residential real estate. Already last year, the Frankfurt acquired however you the MultiTec Park in Mainz acquired the renowned hotel Gerbermuhle, Frankfurt/Main, in January and recently, they reported the acquisition of an office building in a prime location in the Centre of Karlsruhe. Due to favorable purchasing prices and the good rental situation, we will initially keep the objects in the Treasury, order of the attractive Rental yields to profit. We were known but not as very dedicated real estate agents and developers, we would not work on other perspectives”, S & K Board member Dr. Jonas Koller explains.