Cushman & Wakefield advised CORESTATE Capital Group, a fully integrated real estate investment manager based in Luxembourg, on the recent acquisition of the high street retail asset "Am Steinweg", located in Suhl’s pedestrian zone. The Seller is a Luxembourg vehicle forming part of the “Repco” fund exclusively managed by Marcol International Asset Management Limited.
The high street retail asset in the city centre of Suhl has a lettable area of 9,100 sqm and is fully let. Among the anchor tenants are C&A, Expert and dm.
A Marcol spokesperson commented: “The successful disposal of the asset in Suhl forms part of a planned divestment of the Repco fund’s retail assets in Germany“.
Photograph by Cushman & Wakefield
For media a high resolution photograph is available on request