Purchase with an EDEKA supermarket and the discounter ALDI SÜD
Deutsche Investment Retail has acquired an established paddock location in the spa town of Bad Wildbad Calmbach in the northern Black Forest for the first local supply fund of Deutsche Investment Kapitalverwaltung.
The well-established retail location is the largest and most frequented food retail location in the municipality. The seller is a private individual – the purchase price was not disclosed.
The two buildings on the approximately 12,000 sqm site with 154 parking spaces on Wildbader Straße were built in solid construction in 2012 and extensively modernized in 2021 and 2023. They are each equipped with a PV system and a green monopitch roof. The supermarket with approx. 1,541 sqm of sales area is leased to EDEKA Südwest and the sales area of approx. 1,000 sqm to ALDI SÜD. The lease term is still around 3 years with the aim of a long-term extension.
The modern coupling site offers a comprehensive range of products in the food segment. Both tenants have implemented their current sales concept. The central location and the proximity to the adjacent residential areas contribute to the high customer frequency and market acceptance.
The location contributes to achieving the fund's target size with an investment volume of around EUR 280 million, of which around EUR 250 million has already been invested.
"With the acquisition of the established paddock location, we are continuing to focus on the further development of the fund portfolio with sustainable local supply locations in a central and well-frequented location," explains Matthias Kreil MRICS, Head of Transaction Management at Deutsche Investment Retail. "The location in Bad Wildbad is a good addition to the fund portfolio thanks to the attractive combination of the EDEKA supermarket with ALDI SOUTH in a central location in the spa town of Bad Wildbad/Calmbach and the modern equipment."
Deutsche Investment Retail was legally advised on the transaction by SOZELIO Rechtsanwälte and technically by Gleeds Deutschland GmbH. Wüest Partner acted as evaluator.
