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



Dec 25, 2023, United Kingdom:
Nestled in the historic heart of London and renowned for its Georgian-era architectural splendor.
Dec 25, 2023, USA:
The company emphasized that cost-cutting is a pivotal focus for its future endeavors.
Dec 22, 2023, United Kingdom:
The sports giant has joined a long list of international brands that will open their store doors at Trinity Leeds shopping center.
Dec 22, 2023, Austria:
The brand will present at iconic locations such as Cortina d'Ampezzo in Italy, Zermatt in Switzerland, and Hochzillertal-Kaltenbach in Austria.
Dec 21, 2023, USA:
Italian fashion house has sealed a deal to acquire the building housing its flagship store.
Dec 21, 2023, Mexico:
Luxury French fashion house Zadig & Voltaire has unveiled its boutique in Mexico City.
Friend
and Follow
Dolphin mall GLA:1 400 000 SF
ADDRESS: 11401 N.W. 12th Street Miami, FL 33172
USA . Miami
Dolphin mall
Westfield Santa Anita ADDRESS: 400 S. Baldwin Ave. Arcadia, CA 91007
USA . Arcadia
Westfield Santa Anita
Designer Outlet Provence GLA:269 098 SF
ADDRESS: Mas de la Peronne, Miramas, France
France . Miramas
Designer Outlet Provence
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom


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