Kiel Development, Germany

Completed in 2013, this project has created a landmark retail-centre in the heart of Kiel, Germany.  This site is on the traditional high-street that marks the centre of the old city.  The new retail property has circa 20,000 sqm of lettable area and includes 670 parking spaces. The asset is currently 86% let to strong tenants, such as C&A, Media-Saturn and DM. 

Investment Rationale

  • Core location in a popular, urban area with strong footfall.
  • Strong transportation infrastructure with the possibility to provide to include large parking facilities
  • Stable local economy coinciding with new investments in the urban core
  • Off-market, distressed acquisition of the site allowed for attractive pricing and terms