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| Redevco acquires prime retail property in Germany Redevco Germany has purchased two high street retail properties in the centre of Kassel and Bielefeld from a privately owned company. The Bielefeld property is located at Bahnhofstraße 23 and the property in Kassel at Am Friedrichplatz 19-20. Both properties are fully let to Sinn Leffers and Drogerie Müller. The property in Bielefeld, constructed in the early 1980s, is situated in the northern part of the city and offers a total of approx. 16,000 sq. m. of retail space over four levels. The building is fully let to Sinn Leffers and Drogerie Müller on long leases. The property in Kassel is situated in a prime location on Am Friedrichplatz, close to Obere Königsstraße and the corner of Friedrichplatz. It offers approx. 12,000 sq. m. of retail space, spread over five floors. The building is fully let to Sinn Leffers on a long lease. Dutch property investor and developer Redevco is an independent international real estate company, managing and developing one of the largest retail portfolios in Europe, currently valued at € 7.3 billion. The portfolio comprises over 750 properties in top locations throughout 18 countries. write your comments about the article :: © 2010 Construction News :: home page |