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TH Real Estate acquires a supermarket in Wiesbaden, Germany


TH Real Estate has acquired a supermarket in the regional capital of Wiesbaden, Germany, on behalf of a retail mandate for a German institutional investor.

Developed in 2016 by German specialist Treuhand Mainz GmbH, the asset comprises c.15,069 sq ft (1,400 sq m) of retail space, an underground car park with c.75 parking spaces, and is anchored by food retailer Rewe on a long-term lease. Apleona Group GmbH, a leading European real estate service provider, is responsible for the property management.

Located close to a major road, the asset provides excellent transport links and access to public transport. It is the main food retailer for the area.

Tanja Volksheimer, Senior Portfolio Manager at TH Real Estate, comments: "Investors are attracted to prime city centre retail locations. With its strong local catchment and excellent location, we are pleased to have secured this property and anticipate the continuation of strong trade for Rewe."

Issued by Nuveen Real Estate Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Nuveen Real Estate Management Limited provides investment products and services.

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