Warburg-HIH Invest acquires Carré Göttingen shopping centre

Hamburg/ Göttingen, 1 February 2018 – Warburg-HIH Invest Real Estate (Warburg-HIH Invest) has acquired the Carré Göttingen shopping centre for a special fund it manages. Ashurst, Frankfurt, provided legal assistance with the transaction while Drees and Sommer, Hamburg, provided technical advice. Kilderkin S.a.r.l., Luxembourg, a special purpose vehicle of Resolution III Holding, is the seller for whom Gleiss Lutz acted as legal consultant and CBRE PREUSS VALTEQ was the technical advisor. CBRE was the real estate agent involved in the transaction. The parties agreed to maintain discretion about the purchase price. “With Carré Göttingen we have secured a well-established shopping centre in an attractive location that stands to gain from planned developments such as the expansion of the pedestrian zone and the strengthening of the micro location thanks to additional anchor tenants,” commented Hans-Joachim Lehmann, Managing Director at Warburg-HIH Invest and responsible for Transaction Management Germany.

Carré Göttingen, which was built in 1974 and last modernised in 2014, offers more than 14,000 square metres of fully let commercial space on four floors. Retail accounts for the majority of space utilised at over 9,000 square metres. The centre’s balanced mix of tenants includes Saturn, tegut, TK Maxx and dm. The remaining space is taken up by services, bars and restaurants and medical and fitness facilities. The shopping complex also has an adjoining car park with more than 295 parking spaces.

Carré Göttingen is located at the beginning of the pedestrian zone and main shopping street, “Weender Straße”. The busy “Weender Straße” bus stop, Göttingen’s main public transportation hub, is just in front of the centre’s entrance. The main station and main campus of the Georg-August University are only some seven minutes away on foot.

"With Carré Göttingen we have secured a well-established shopping centre in an attractive location that stands to gain from planned developments such as the expansion of the pedestrian zone and the strengthening of the micro location thanks to additional anchor tenants.”

Hans-Joachim Lehmann, Managing Director responsible for Transaction Management Germany,

Warburg-HIH Invest