Retail Warehouse Park* Bremen
Closed Real Estate Fund 131
Retail Warehouse Park* Bremen, operated by Dirk Iserlohe
„The kind of traditional shopping area where everyone knows one another."
(A Bremen housewife)
Our housewife is absolutely right: the new Combi Retail Warehouse Park on Kattenturmer Heerstrasse in the south of Bremen is a highly popular shopping location. Occupying the site of the former Famila-Markt, the project was developed in partnership with the Bünting-Gruppe, a former tenant that has returned to the refurbished premises. A Combi discount store, with in-house bakery, tobacconist and flower shop, serves as the magnet for other tenants: the chemist Müller, the clothing retailer NKD, as well as a hair salon. Retail warehouse centres are the new trend in retailing. While analysts are sceptical about the future expansion of shopping centres, they are forecasting a boom in retail warehouse parks.
Location: | Kattenturmer Heerstrasse 136, 28277 Bremen, Germany | |
Property details: | Opening date: February 2009 • Property size: approx. 15,000 m2 • Total rental area: approx. 4,970 m2 • 200 parking spaces • Occupancy rate: 100%. | |
Tenants: | • Combi Markt (Bünting-Gruppe discounter) • Lease: 15 years plus 5 x 3-year renewal options • Müller Drogeriemarkt (chemist) • Lease: 15 years plus 3 x 5-year renewal options • NKD-Bekleidungsmarkt (clothing) • Lease: 10 years plus 2 x 5-year renewal options • Hair salon • Lease: 5 years plus 1 x 5-year renewal option Total rent as of 1 February 2009: EUR 620,144 per annum | |
Investment volume / equity capital: | Closed-end real estate fund with an investment volume of EUR 9.3 million and equity capital of EUR 3.5 million plus 5.0% agio | |
Minimum investment: | EUR 100,000 | |
Distributions / amortisation: | The annual tax-free distribution amounts to 6.0%. Amortisation is calculated at 2.5% per annum plus accrued interest. |
* Broadly defined, a “retail warehouse park” consists of at least three large “big-box” retail outlets that are structurally and spatially connected within a single shopping location that is geared towards motor traffic.
Legal notice
This is a simplified non committal brief information without claim of being exhaustive. Furthermore this is not to understand as an offer for taking over an investment. Solely the valid sales brochure is binding where you will find all economical, fiscal and legal details.
