Centerscape is a leading investor and owner of convenience shopping malls in Germany, Poland and the Czech Republic.
Centerscape acquires NETTO food market in Munich
The property in the middle of the populous district of Neuhausen-Nymphenburg has 840 m² of rental space.
In the first quarter of 2019, the investor Centerscape acquired an asset leased to NETTO in the Munich district of Neuhausen-Nymphenburg. The grocery store, which has been operating since 1996, was comprehensively modernized in 2016 and converted to the new NETTO City concept. The integrated location boasts a high population density with nearly 12,000 inhabitants in a circular strike of 500 m around the local supply location.
This is already the 33rd NETTO market in the portfolio of Centerscape and the 135th object in Germany.
The Centerscape Group has acquired a commercial property every 2.5 weeks since 2015 on average.
Since its foundation in 2007, the Centerscape Group has selectively built up a strong real estate portfolio with more than 190 properties - 30 of them in and around Berlin. The total investment volume is € 820 million. With a dynamic and performance-oriented team of 70 "in-house" professionals, Centerscape continues to focus on growing the business by acquiring high quality retail properties in Germany, Poland and the Czech Republic.