JLL completes marketing of insolvent fund with four shopping centers
The Activ Group has bought the City Rondell in Villingen-Schwenningen. This means that the last property from the Highstreet VIII fund has also changed hands. The seller is the insolvency administrator of the fund, who has commissioned Hannover Leasing with the investment and asset management. The shopping centre has a total lettable area of 10,500 m² with a plot size of around 5,850 m². Anchor tenants are Müller, McShape Fitness, Woolworth and Tedi. The property at Kronenstraße 21 was built in 1980 and modernised in 1995, 2005 and 2016. Currently, 85 percent of the center is rented, with around half being accounted for by local suppliers. In addition, there are 410 parking spaces spread over three parking decks.
