Neighbourhood shopping centre

Karl-Marx-Allee 20, 07747 Jena


Carlo Sichting

+49 (0)30-2470 6083


Since the opening in 1995, the neighbourhood shopping centre has become a popular shopping location and meeting place in the district of Lobeda. The property, which has a total lettable area of 12,500 sqm, provides an attractive sector and tenant mix, with a focus on short-term consumer needs. 15 retail tenants rent the asset. The property consists of a three-floor complex with a nearby single-floor retail building. The anchor tenant Kaufland, on the first floor, is accessed via the mall on the ground floor. Escalators connect the mall with the Kaufland unit. Various retail concepts including a pharmacy and various other tenants complement the sector mix. The main entrance to the property faces the main road Karl-Marx-Allee. The two-level underground parking garage, providing ca. 500 spaces, is accessed from Emil-Wölk-Strasse.

Data and facts

Data status 30.06.2019
Existing property/Acquisition (month/year) Acquisition 10/2017
Total lettable area 12,226
Annualised in-place rent in EUR m 1.5
EPRA Vacany Rate in % 7.0
WALT in years 3.3
Main tenant Schwarz-Gruppe (Kaufland), KiK Textilien und Non-Food GmbH, MÄC GEIZ Handelsgesellschaft mbH
Construction 1995
Refubishment -
Parking spaces 502

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