Coolblue, the largest online electronics retailer in the Netherlands and Belgium, continues to expand and moves into a second store in Germany. Union Investment has let around 1,400 sqm in the Kettwiger Tor office and commercial building to the company in Essen. The fully rented property has been part of the institutional real estate fund UniInstitutional German Real Estate since 2014.
The shop is located at Kettwiger Strasse 2-10, in the center of Essen, on the north side of the main train station, which is only around 400 meters away. The new Coolblue store will open later this year. Customers can then experience 1,000 electronic products on site.
“Attractive retail space in good locations is still in demand even during the corona pandemic. Overall, we are observing a focus on the best running locations within the 1a locations,” says Sven Lintl, Head of Asset Management Germany at Union Investment Real Estate GmbH.
The office and commercial building, built in 1953, consists of an eight-storey high-rise with a distinctive façade and a one-and-a-half-storey base structure. As part of an 18-month renovation, the listed building was technically and energetically updated in 2013 and 2014. The sustainability of the property is documented by a DGNB Gold certification.
