With effect from 1th August 2019, the GRR Group has purchased a retail property with the food discounter Netto as its anchor tenant in Burgbrohl/Rhineland-Palatinate for the GRR German Retail Fund Nr. 3. The seller is the carpentry Kerschbaum Haus GmbH, which is specialized in the construction of ready-for-use commercial properties and shopping centres. The transaction was part of an Asset Deal. It was agreed not to disclose the purchase price.

The building complex itself comprises around 1,200 sqm and is erected on an area of approximately 4,800 sqm, of which more than 700 sqm are sales area of the Netto market. The commercial building was newly constructed and opened in March 2019. The GRR German Retail Fund No. 3, launched in 2018, is the third open-ended special retail fund of the GRR Group with a planned investment volume of approximately 380 million euros.