HIH Invest acquires a retail park in Germany
HIH Invest Real Estate has added a retail park in Germany to its local retail fund.
The manager said it has bought the retail park in Küps in northern Bavaria on behalf of its Perspektive Einzelhandel: Fokus Nahversorgung fund for an undisclosed amount.
The asset, with over 4,224sqm of retail area, was acquired via an asset deal with a private investor, HIH Invest said.
The fully-let asset has supermarket chain REWE as its anchor tenant.