Innova Bauprojekt, based in Grünwald in Bavaria, has already parted ways with the Gaußring 34 + 36 retail park in Mering near Augsburg in the first quarter of 2020. The buyer of the property was a regional investor community. Immoraum Real Estate Advisors, partner of NAI apollo group, brokered the transaction. The purchase price was in the mid single-digit million Euro range.
The retail park, which was built in 2005, has a total rental area of approx. 2,700 sqm as well as 115 parking spaces and is located in the middle of the prospering industrial area Mering-St.Afra. Tenants include Fressnapf, Fristo Getränke, NKD, Pagro Diskont and Tedi. The retail park was acquired by Innova Bauprojekt in 2017 and developed over the years. Immoraum Real Estate Advisors had already initiated the leasing to Pagro Diskont and Fristo.
Immoraum Real Estate Advisors focuses on the letting of office and retail space in the region of Stuttgart. In addition, the company is entrusted with investment mandates throughout Germany with a volume of EUR 5 – 40 million. In addition to the Stuttgart location, the focus is on properties in southern German B, C and D cities.