Neighbourhood shopping centre
Karl-Marx-Allee 20, 07747 Jena
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
|Existing property/Acquisition (month/year)||Acquisition 10/2017|
|Property value in EUR m||21.1|
|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|
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