The investment and asset manager ALÌTUS Capital Partners from Erlangen has acquired a local shopping centre in Saxony-Anhalt. The name of the seller and the purchase price were not disclosed.
The property, which was completed in 2000, has a plot area of around 9,100 m², a commercial rental area of approx. 3,000 m² and 20 apartments. Users have 120 parking spaces at their disposal. The anchor tenant of the property is a food retailer.
ALÌTUS is planning the comprehensive restructuring and refurbishment of the property in close coordination with the existing tenants. The aim is to strengthen the substance of the property and at the same time create the conditions for sustainable further development.
The property is characterised by its excellent micro-location with a high pedestrian frequency and low competition in the immediate vicinity.
"With this acquisition, we are strengthening our real estate portfolio with another property with medium to long-term value creation potential," says Manfred Kronas, Managing Partner of ALÌTUS Capital Partners. "In the Basic Retail asset class in particular, we are constantly examining further investments with solid rental structures and good prospects throughout Germany."
The insurance broker MOCEDI, a network company of the ALÌTUS Group, which specialises in the commercial real estate industry, advised on the risk assessment and protection of the property.
