Dusseldorf, 23 March 2017 – The DIWG asset management has sold the Münster Center in Düsseldorf-Derendorf to a German real estate fond in autumn 2016. The object’s 12.000 m² useful area, purchased in summer 2014, was consisting of 25 % vacancy and opportunistic approach. The vacant passage was one-side closed to create a modern retail area on 1.000 m² space. Furthermore, intensive investments in rental and community space, state of the art refurbishments, extensions of the leasing contracts with anchor tenants and the almost complete dismantling of the vacancy, took place.
Striving further extensions of a long-term invested portfolio, also in autumn 2016, five grocery and specialist markets were purchased with an American family-office.
In March 2017, with an US│UK fond the DIWG asset management bought an opportunistic portfolio, consisting of ten grocery and specialist markets in Hesse, Bavaria and Baden-Wuerttemberg, striving to invest short-dated in the leasing contracts‘ extensions and individual objects‘ stabilization.
At large, the DIWG was able to place 78 million € in joint-venture investments and to carry out the sales successfully.