GRR GARBE Retail Real Estate GmbH (GRR GARBE Retail) has acquired the Werne City Mall local shopping centre in Werne, North Rhine-Westphalia, by means of an asset deal on behalf of a pension fund. The seller is a Luxembourg investment company, and both sides have agreed not to disclose the price. NAI apollo brokered the transaction. Legal and tax support was provided by Jebens Mensching in Hamburg. Gleeds Germany was responsible for the technical due diligence. The food retailer Rewe is the anchor tenant of the property and uses about half of the total rental area.





