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A portfolio of 23 separate retail properties, situated in various locations across Germany and let on a long-term basis on two leases to Edeka-Miha Immobilien-Service GmbH and Edeka Handelsg. Südwest GmbH (together Edeka) for the purposes of its supermarket, food discounter and cash-and-carry operations.
The portfolio consists of 3 different Edeka store concepts, which comprise of 9 supermarkets, 7 food discount stores and 7 cash and carry stores. The Edeka Group is the largest German supermarket business and is often perceived as the regional market leader due to its modern store design and its regional managers and regional goods.
- Outstanding WAULT of more than 10 years before tenant options
- With a market share approaching 25%, the tenant Edeka, is by far the leading brand in the food and beverages retail sector in Germany
- Robust mix of different business types: B2C (supermarkets, food discounters) and B2B (cash and carry retailers)
- Stable development in the food and retail beverages sector in Germany likely in the foreseeable future