As from 1st November 2019 the GRR Group has purchased a local shopping center in Eschweiler/North Rhine-Westphalia for the GRR German Retail Fund Nr. 3. The GRR German Retail Fund Nr. 3 is administered by the Service-KVG IntReal International Real Estate Kapitalverwaltungs GmbH. The transaction was part of an asset deal. The parties have agreed not to disclose the purchase price.
Since their construction in 2013, both buildings on the approximately 18,000 sqm site have been let on a long-term basis to the full-line supplier Rewe and the food discounter Norma. The local shopping center occupies an important position in the competitive structure of the region.