The Dr. Peters Group's public AIF "Immobilienportfolio Deutschland II" (IPD2) has received a positive external assessment: The independent LSI real asset analysis rates the investment at "GUT+" and thus confirms the long-term investment strategy with a focus on systemically important local supply properties.
The closed-end real estate fund, which is currently being sold, invests via two property companies in two already connected local shopping centres in Beckum (North Rhine-Westphalia) and Rathenow (Brandenburg). Both locations are characterized by established retail structures, an important local supply function and a convenient location with a large catchment area. Anchor tenants include well-known retail companies such as REWE, ALDI Nord, Kaufland and OBI.
Early contract extension in Beckum and expansion of space in Rathenow
At the end of 2025, it was possible to conclude an early extension of the lease agreement running until the end of 2028 with REWE for the fund property in Beckum, North Rhine-Westphalia, by at least 12 years plus four options for 4 years each. The agreed package also includes a joint concept for market modernisation.
Meanwhile, another success was achieved in the second fund property, located in Rathenow. Here, a potential area of around 362 m² that was not included in the purchase price factor was recently let to a regionally anchored furniture store, whose sales area at the location will thus grow by almost 30 percent. The new contract has a term of five years and could be concluded at a noticeably higher rent than the contract provides for the area of the furniture store already in use.
Focus on local supply as a strategic approach
In addition to these developments, LSI is also convinced of IPD2 because the Dr. Peters Group is focusing on a market segment with this fund that is in demand even in economically challenging times. Local supply centres benefit from their relevance for daily needs and from long-term leases with established operators.
LSI's analysis positively highlights various structural features of the fund, including a high equity ratio as well as a high investment ratio and rents with development potential. At the property level, aspects such as long-term leases, indexed rents and strong tenant creditworthiness are also mentioned as factors relevant to valuation. As a result, IPD2 received "GUT +", the second-highest grade ever awarded by LSI.
"We see the positive evaluation by LSI Sachwertanalyse as confirmation of our investment strategy of investing specifically in food-anchored local supply centres. This segment combines stable demand with long-term rental structures and is therefore largely immune to crises. Through our expertise and active portfolio management, we minimise further investment risks and ensure reliable cash flows. This is evidenced by our occupancy rate of almost 100 percent in the portfolio as well as our consistent payout performance, which we have shown in the real estate sector for many years," says Sven Mückenheim, Managing Director Sales at the Dr. Peters Group.
