JLL brokers third transaction from the Highstreet VIII fund for the insolvency administrator
Schomaker Baugruppe, a regional project developer, has acquired the Vechte Arcaden in Nordhorn, Lower Saxony, near the Dutch border. The seller of the property at inner-city Hagenstraße 10 is the insolvency administrator of the Highstreet VIII fund, which has commissioned Hannover Leasing with investment and asset management. The two-storey shopping centre with a total lettable area of almost 7,300 m² was built in 1979 and modernised in 2002. Anchor tenants are the textile chain H&M (2,700 m²), the Centralkaufhaus Ceka (2,000 m²), Deutsche Bank (490 m²) and Schuhpark (440 m²).
