Redevco acquires the 10,600 sqm Forettle Center in Kaufbeuren for its Redevco European Retail Park fund

The Forettle Center Kaufbeuren was built in 2018 and comprises a total of 10,600 sqm of lettable space, of which approximately 8,850 sqm is retail, approximately 290 sqm office space, approximately 1,200 sqm is fitness space and approximately 250 sqm is storage space. In addition, there are around 250 car parking spaces. The retail space is currently 98% let. The tenant mix comprises 18 companies, led by anchor tenants REWE, dm, Clever Fit, Action and Kik.

Markus Haimerl, Director of Transactions at Redevco, says:
“The rapid expansion of the RERP portfolio demonstrates our uniquely broad and deep connections in the market and our exceptionally high deal certainty. We are delighted that this outstanding asset allows us to further diversify the fund’s portfolio strategically – both geographically and in terms of tenant mix. In doing so, we remain true to our Core+ strategy and, through active asset management, specifically enhance value for our investors.”

The well-established location benefits from a dominant position for local retail provision in the municipality of Kaufbeuren and surrounding villages (total catchment area within a 15-minute radius: over 50,000 people). This is largely due to the very strong micro-location: The Forettle Centre is situated directly on the busy B16 federal road ( ), with connections to the B12 and thus to the A7 and A96 motorways. The site is therefore optimally accessible by both car and public transport. This also applies to visitors on foot, who can reach the centre in just a few minutes’ walk from Kaufbeuren railway station, for example.

Redevco is already planning extensive sustainability measures to further enhance the
asset’s performance and achieve the BREEAM ‘Excellent’ rating. Among other things, a
feasibility study into the installation of large-scale rooftop PV modules is to be carried out. In addition, a comprehensive conversion to LED lighting, a heat pump and further projects to optimise energy efficiency in building operations are planned.

On the buyer’s side, Noerr (Legal), Goldbeck (technical due diligence and ESG), PWC (Tax & Structuring), BNPREC (Commercial DD), C&W (Valuation) and GIGA.Green (rooftop PV)
were mandated. On the seller’s side, CBRE served as broker while Graf von Westphalen
supported with regards to legal matters.