German asset manager and investment firm Hahn Group has launched a new closed public alternative investment fund through its capital management company DeWert Deutsche Wertinvestment.
In its first deal, the real estate fund 'Hahn Pluswertfonds 180 – Fachmarktzentrum Landshut' purchased a specialist retail centre in Landshut, Bavaria, from the Hahn-Spezialfonds German Retail Fund, for € 28.4 million.
DIY store operator Bauhaus is the main tenant and represents 87.9% of the total rental income, while food discounter Penny accounts for the remaining 12.1%. The 2005-built retail centre is located in Landshut's northeast industrial zone and is surrounded by other specialty stores.
Source: propertyeu.info on the 15th of December, 2023
https://propertyeu.info/Nieuws/Hahn-Group-fund-invests-28m-in-Bavarian-retail-centre/982a5fc1-5b38-41bd-866c-14af9dbe2633