Property description

On a land plot of 7942 m2, two assignments were built in 2008 with tenants from large German clothing and household goods chains. Tenant TEDi is a large German non-food chain with 2,100 branches across Europe. TEDi occupies a 935 m2 building with a lease agreement until 2043, until 30.10.2031 without the right to terminate. KiK is the largest textile discount chain in Germany and operates around 3,500 shops in Germany and Europe. In 2016, the company had net revenues of €1.95 billion, making it the sixth largest textile manufacturer in Germany. Kik occupies an 800m2 building with a lease agreement until 2043, with no right of termination until 2031. Brokerage commission 6% excl VAT.