Garigal acquires retail park Grundle in Schwabisch Hall Frankfurt am Main, Germany, February 2012. Garigal asset management GmbH takes over immediately the management and the rentals of the already very successful operating specialist market Centre Grundle located Schwabisch Hall in the Eastern industrial zone of the prosperous city. Garigal extends its retail park portfolio with the acquisition of this property, which is intended as a long-term investment, an important asset. The specialist retail Centre Grundle”, so miles Stephenson, CEO of Garigal asset management, is a logical extension of the Garigal portfolio.” There are valuable existing tenants on a leasable area of 22.395 square meters, which includes 45 669 sqm, plot size. In addition to the anchor tenant land purchase the wholesale markets are HeLa / globe and the technology market there HEM expert resident. Snack and gastro-equipment, a petrol station and more shops provide a wide shopping experience and guarantee a lively demand.
Garigal asset management maintains excellent Business relationships with tenants of the site, in particular to purchase land. In addition another ensures site-plus good news: the HEM expert corporate headquarters is located next to the retail park and the technology provider is interested in, the presence at the site Grundle continue to expand. Garigal asset management will now do everything to optimize tenant and lease structures, because this is our core competence,”miles Stephenson stresses. In addition, there are further developments of the trade market center in planning. Garigal demonstrated the Know-How and the realization of successful developments of retail centers at many German locations. In Bavaria alone, 14,000 square metres of retail space are being developed newly. As a retail specialist Garigal annually serves more than 100 objects in Germany with 800,000 square metres of retail space and a total rent of EUR 70 million.
