Find in the news:
BY COUNTRY

Catalyst Capital buy Erfy Karree Kerpen retail park in Cologne



European real estate investment firm Catalyst Capital has bought the Erfy Karree Kerpen retail park in Cologne for a sum amounting to €55 million ($62 million).

The park is located 25 kilometers to the east of the German city of Cologne and was sold by the Nesseler Grünzig Group which is based in Aachen, Germany.  The purchasing company stated that they had made the deal in partnership with an overseas investor that has been targeting assets in Germany for purchase.

Erfy Karree Kerpen retail park covers an area of 55,000m2 and enjoys good transport links to the city center in Kerpen. Among the big brand outlets here are the DIY store OBI, furniture retailer Roller and the consumer electronics outlet Saturn.

It is a relatively new shopping destination, having been constructed in different phases during the period from 2010 to 2012. The majority of the stores in the center are single story units, while the average unexpired lease term right now is around 8 and a half years.

The Third Big Acquisition in a Year

Catalyst has announced its intentions to work closely with the local authorities in order to help the shopping center grow in the future. This is the 3rd new property acquisition carried out by the company in recent times in conjunction with its overseas investing partner. In the last year the firm has bought Carl-Ulrich-Strasse 4 in Neulsenburg for €20 million ($25 million) and Eschersheimer Landstrasse 50 in Frankfurt for €16 million ($20 million).

Kean Hird is the Catalyst partner in charge of the German and Polish territories. He said that this is a “classic Catalyst Capital acquisition” in that they are purchasing an investment that is in a good location and while will allow them to use their asset management skills to add value through the likes of rental uplifts, the development of new units and the repositioning of some of the existing units.


More about shopping malls in Germany

YESTERDAY, France:
French chain of department stores Galeries Lafayette has announced a new service for customers during the closing of stores.
YESTERDAY, USA:
The chain of coffee shops adapts to the realities of the post-quarantine world and focuses on drive-thrus, self-service, and delivery.
DAY BEFORE YESTERDAY, Italy:
Due to the sharp decline in interest in fashion in the midst of the pandemic, the company is abandoning the traditional calendar of shows and moving to an off-season schedule.
DAY BEFORE YESTERDAY, Germany:
The masks to protect against coronavirus are called Face Covers and are made from recycled materials.
May 25, 2020, United Kingdom:
Due to the coronavirus pandemic, more and more customers are adopting the habits of the younger generation and do not want to constantly change their wardrobe.
May 25, 2020, Slovenia:
SES Spar European Shopping Centers opened ALEJA Center in Ljubljana on Wednesday, 20 May 2020.
Friend
and Follow
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga
Dania Pointe GLA:975 000 SF
ADDRESS: 292-344 North Bryan Road, Dania Beach, FL 33004
USA . Fort Lauderdale
Dania Pointe
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us