DIWG Capital acquires local shopping centre in Herrenberg

Düsseldorf, 23 January 2020 – DIWG Capital and a US Family Office have closed the deal shortly before Christmas as part of another joint venture. The property in Herrenberg, Baden-Württemberg, comprises around 10,000 square metres of lettable space in the retail (8,700 square metres), office (700 square metres) and residential (600 square metres) usage categories and is majority-let to Edeka. The local supply centre has a vacancy rate of 9 percent and is being revitalised through targeted modernisation work and converted into a stable investment product.

Dipl.-Ing. Christopher Didt MSc REM, Managing Director of DIWG: “The product fits into the opportunistic investment strategy of our joint venture partner very well. The first new rental agreements are already in negotiations”.

The DIWG Group manages all joint ventures under its own management.

Further information about the DIWG Group:

Deutsche Immobilien Wirtschafts Gesellschaft mbH (DIWG) is an owner-managed service and investment company specialising in asset and property management as well as valuation services for banks, funds and investors. With DIWG Capital, the Group participates in opportunistic investments in the form of joint ventures. The partners are successful entrepreneurs with many years of experience in the real estate industry and have committed themselves to the standards and ethical rules of the RICS. The locations are Düsseldorf and Lindau.

 Contact person:

DIWG asset management GmbH

Dipl.-Ing. Christopher Didt MSc REM

T +49 211 56 94 09-16