The owner-managed real estate consulting company
NAI apollo has successfully advised Trei Real Estate GmbH on the sale of the Stadtgalerie Königstein in Königstein im Taunus. The buyer is Slate Asset Management, a global real estate and infrastructure investor with a focus on local supply properties.
The Stadtgalerie Königstein is centrally located in Königstein im Taunus, one of the cities with the highest purchasing power in Germany, and was built in 2007. The modern local shopping centre comprises a lettable area of around 4,500 m² as well as over
200 parking spaces in the underground car park. The property is fully let and is characterised by an attractive mix of tenants. The main tenants are REWE and ALDI Süd, supplemented by other service and retail tenants.
NAI apollo acted as part of an exclusive sales mandate for the seller, Trei Real Estate. The transaction was structured in a bidding process and supported by the investment team of NAI apollo.
"Stadtgalerie Königstein is an excellent example of the continuing strong demand for food-anchored local supply properties in economically stable, high-purchasing power regions – especially in the current market environment. We are pleased to have successfully supported Trei Real Estate in this sale," says Dr. Marcel Crommen, Managing Partner at NAI apollo.
