Through the purchase, the investment manager increases the volume of its local shopping center fund with now 21 properties to more than 400 million euros. The parties have agreed not to disclose the purchase price of the transaction.
Only recently, a team of Baker Tilly experts supported HIH Invest Real Estate in the purchase of the Rostock shopping center Warnow Park.
The two Baker Tilly engagement partners Dr. Hendrik Theismann, Attorney-at-Law, and Michael Mehler, Attorney-at-Law, accompanied the entire purchase process with tax and legal due diligence as well as advice in the run-up to and during the execution of the transaction. Their expertise is complemented by manager Hale Hosseninpour, Attorney-at-Law, and manager Sebastian Scholze, Attorney-at-Law, who complete the advisory team.
The modernized market center has more than 4,200 square meters of retail space and is primarily used by retailers. The anchor tenant is REWE.
About HIH Invest Real Estate
HIH Invest Real Estate is one of the leading investment managers for real estate in Germany and Europe and is represented at ten locations throughout Europe. Assets with a volume of 17.3 billion euros are currently managed in 90 funds.
For more information on HIH Invest Real Estate, please click here.