Frankfurt am Main, 27 November 2018 − Principal Real Estate Europe (Prin RE), formerly Internos Global Investors, acting as asset and transaction manager and PAREF GESTION, fund manager of the SCPI NOVAPIERRE ALLEMAGNE have acquired a retail property in Lüdinghausen, southwest of Munster. The vendor is a private investor. The parties agreed not to disclose the purchase price.
The property is the "Darley Park", a superstore with beverage store and associated DIY and garden centre, that stands on an around 32,000 square metre site at Hans-Böckler-Strasse 2-8. Marktkauf and toom occupy the fully-let property, which has a lettable area of around 12,900 square metres and 480 parking spaces. Completed in 2006, the asset is situated in a commercial area near the town centre.
Jones Lang LaSalle SE acted as broker on behalf of the vendor. Law firm GSK STOCKMANN advised the buyer on legal issues and Duff & Phelps REAG GmbH on technical matters.
This press release has been written for informational purposes only and should not be considered as investment advice or as a recommendation of any particular security, strategy or investment product
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