New acquisition: Four neighborhood shopping centers

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: Four neighborhood shopping centers

Centerscape has acquired four neighborhood shopping centers in Berlin-Falkensee, Mühlheim am Main, Landsberg am Lech and Lörrach.

With a total rentable area of 8,900 sqm the properties generate an annual income of over €1m. Anchor tenants are EDEKA, Netto and Norma. The average remaining lease term is 12 years. All properties are very well accessible and integrated in residential neighborhoods.
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