New acquisition: Shopping centers in Berlin and Geilenkirchen

NEWS

Centerscape is a leading investor, developer, owner and manager of grocery-anchored neighborhood shopping centers, with a presence in every major market in Germany, Poland and the Czech Republic.

New acquisition: Shopping centers in Berlin and Geilenkirchen

Centerscape has acquired two inner-city neighborhood shopping centres in Berlin und Geilenkirchen. With a total rentable area of over 10,000 sqm the properties generate a rental income of approximately €900,000 annually.

Both properties are situated in integrated locations that benefit from residential neighborhood and very good accessibility. Anchor tenants are REWE, KAISER’S and ALDI. In addition there are a few smaller side tenants. The average remaining lease term is 10 years.
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