Deutsche Investment Retail GmbH has expanded its portfolio with the acquisition of two local shopping centers in Bavaria, located in the towns of Abensberg and Beilngries. The total purchase price for the properties was approximately €9.5 million. This acquisition was made through the special property fund “Deutsche Investment – Food Retail I.”
The seller, AB-Bayern, is a project company formed through a collaboration between Belmo Invest, based in Monheim, and Neumann Development from Hamburg. Both shopping centers have been leased on a long-term basis following their recent repositioning.
In Abensberg, the shopping center, established in 2002 and expanded in 2017, features tenants NETTO Marken-Discount and dm-drogeriemarkt. The site covers around 5,400 square meters, with a rental area of approximately 1,900 square meters and 84 parking spaces.
The Beilngries property, built in 2000 and modernized in 2022, is leased to NETTO Marken-Discount. It occupies a 4,200-square-meter plot in a prime location at the junction of the local main thoroughfare, benefiting from high visibility and a strong surrounding retail mix.
“With these two acquisitions, we are adding strong retail locations in high-traffic areas to our fund portfolio, bringing the total to 65 properties,” said Matthias Kreil, Head of Transaction Management at Deutsche Investment Retail.
The legal and real estate advisory for the acquisition was provided by SOZELIO Rechtsanwälte Nuremberg and SREC Schuster Real Estate Ansbach.
