Gateway Real Estate acquires the Abensberg shopping center
Gateway Real Estate AG has acquired a shopping center in Bavaria near Regensburg, and the transfer of the benefits and burdens is planned to take place soon. This involves the Abensberg shopping center with a total property area of 23,360 m² and 12,338 m² lettable space with an occupancy ratio of 100 % and annual rent income of almost 1.9 million Euro.
The various larger and smaller lease units have a high standard and include a broad range of different types of tenants. More than 70 specialty shops and large stores attract a broad range of customers.
The Abensberg shopping center is considered to have a very good position which was impressively confirmed in 2016 in a recently published Shopping Center Performance Report (SCPR) 2016. In the assessment of the best shopping centers, Abensberg took 16th place with an average score of 1.88 among a total of 400 assessed shopping centers throughout Germany.
GvW represented the seller with the Frankfurt attorneys Thomas Schroiff (partner, real estate), Shari Kind (real estate) as well as Lars Leskovar (tax).
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