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GSK Stockmann advised the Nuremberg-based GRR Group on the purchase of a local shopping centre located in Lauterbach in the district of Vogelsberg from Ratisbona Handelsimmobilien. The property was acquired on behalf of the special AIF fund GRR Future Retail Properties 1, which has an ecological investment strategy.
The GRR Group is an expert in basic retail with a focus on retail properties for local amenities which are held both in special funds and in its own portfolio. Founded in 2005, the company currently employs 85 people, manages EUR 1.95 billion in assets and has five real estate funds of its own. The property was purchased by way of an asset deal from Ratisbona Handelsimmobilien in Regensburg.
The anchor tenant of the property acquired by the GRR Group at Umgehungsstrasse 33 in Lauterbach in the district of Vogelsberg is a REWE specialist store. The property is located on a plot of approx. 12,500 sqm, and has been let on a long-term basis to REWE (2,300 sqm) and three other retailers (with 4,500 sqm between them). These include a discount home and garden store, a gym and a non-food discount store. Part of the property has been rebuilt in timber construction. The property qualifies as an ecological investment thanks to a photovoltaic system, an air-heat pump system with heat recovery and e-charging points for customer parking spaces.
GSK Stockmann provided the GRR Group with comprehensive legal and tax advice during the negotiations, conclusion and completion of the transaction. The team consisted of Philip Huperz, Kristina Marx, Julia Jacobs, Nika Richard, Dominik Berka and Marc Nostitz.
