Paref: two new acquisitions in Germany
The first is the 'Nordberg Center', a recently renovated business park with a lettable area of around 5.000 m2 and includes chains such as Lidl, Netto (supermarkets) and Rossmann (drugstore).
The 'Tannenbusch Center' shopping center is located 7 km from the center of Bonn: renovated in 2017, it has a leasable area of around 13.500 m2 and houses chains such as Kaufland (hypermarket) and Action (discount).
In a press release, Paref explains that these two acquisitions will enable it to strengthen its presence in North Rhine-Westphalia, one of Europe's most dynamic economic regions.
They are also in line with Paref's strategy of focusing on "core" retail assets, a class characterized by robustness, high occupancy rates and high average residual lease terms.
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