Warburg-HIH Invest’ €100 Million Acquisition of a portfolio with five specialty retail centers

Heuking advised Warburg-HIH Invest on the deal

Warburg-HIH Invest Real Estate GmbH finalized the acquisition of five specialty retail centers for the open-end special fund “Perspektive Einzelhandel: Fokus Nahversorgung.” The purchase price of the specialty stores with a total rental space of 43,000 square meters is in excess of EUR 100 million. Patrizia subsidiary Rockspring Property Investment Managers LLP is the seller.

The properties are located in Herten, Bürstadt, Sinzheim, Reppenstedt, and Lehrte. More than 80% of total rental income comes from food retailing. Key tenants include Edeka, Kaufland, Rewe, Obi, Aldi, dm, and Penny. The rental contracts continue to run for an average of eight more years.

With this transaction, Warburg-HIH Invest further pursues its retail strategy and strengthens its position as a leading provider of investments in German specialty retail centers.

As a real estate investment manager, Warburg-HIH Invest offers institutional investors the entire range of real estate investments. It is one of Germany’s leading managers of real estate special AIFs.

Heuking Kühn Lüer Wojtek advised Warburg-HIH with a team including Sönke Görgens (Real Estate, Picture), Fabian G. Gaffron (Tax), Christina Etzel (Public Law, Real Estate), Florian Wenk, Mathis Dick, Kathrin T. Paulet (Tenancy) and Peter M. Schäffler (Tax).

Involved fees earner: Sönke Görgens – Heuking Kühn Lüer Wojtek; Christina Etzel – Heuking Kühn Lüer Wojtek; Florian Wenk – Heuking Kühn Lüer Wojtek; Mathis Dick – Heuking Kühn Lüer Wojtek; Kathrin Paulet – Heuking Kühn Lüer Wojtek; Fabian Gaffron – Heuking Kühn Lüer Wojtek; Peter Schäffler – Heuking Kühn Lüer Wojtek;

Law Firms: Heuking Kühn Lüer Wojtek;

Clients: Warburg-HIH Invest;