GRR Garbe Retail acquires grocery-anchored portfolio

European asset and investment manager GRR Garbe Retail Real Estate (GRR Garbe Retail) has acquired a portfolio of eight grocery-anchored retail properties for its GRR German Retail Fund No. 4. 

Albersdorf grocery centre

These properties, primarily located in northern and eastern Germany (four in Hamburg, two in Schleswig-Holstein's Dithmarschen district, and one each in Potsdam and Neubrandenburg), are secured by long-term leases with major supermarket chains like Aldi Nord and Edeka. The financial details of the acquisition remain confidential.
The four Hamburg properties are situated in Schnelsen, Langenhorn, Poppenbüttel, and Finkenwerder. The largest, in Finkenwerder, is anchored by Edeka across 2,200 m2 of its 3,833 m2 total area, benefiting from its industrial and commercial location near the Airbus plant. The Poppenbüttel property, with 2,901 m2, features an Aldi Nord supermarket (1,700 m2) along with a daycare, tax office, and kiosk, appealing to a high-income population. In Langenhorn, a 2,600 m2 property houses an Aldi Nord (1,700 m2) and 15 apartments, benefiting from its proximity to Hamburg Airport. The Schnelsen property, totalling 2,345 m2, includes an Aldi Nord and eleven residential units, enjoying excellent transport links.
Further east, the Potsdam property, the second-largest in the portfolio with 3,688 m2, hosts an Aldi Nord (2,100 m2) and 34 apartments (18 furnished), serving a new residential area in the Brandenburg capital. In Neubrandenburg, a mixed-use property of 2,093 m2 combines an Aldi Nord with a pharmacy, medical practices, and apartments, situated in a mixed residential and commercial zone.
In Schleswig-Holstein's Dithmarschen district, two properties were acquired. The Albersdorf grocery center, spanning 2,625 m2, includes an Aldi Nord (1,560 m2), Rossmann, and a local bakery, benefiting from its main road location in a tourist town. The Wesselburen property, a 1,987 m2 Edeka-anchored retail space, is also strategically located in another tourist destination near the Wadden Sea.
Andreas Freier, managing director of GRR Garbe Retail Real Estate, said: “With the acquisition of the portfolio for the GRR German Retail Fund No. 4, we have made a targeted investment in eight local retail centres with strong anchor tenants. Properties like these are characterised by their high resilience to crises and continuous demand. The portfolio acquisition not only expands the fund's diversification but also underscores our strategy of securing long-term, high-value properties in established regional locations.” 
BNP Paribas Real Estate acted as the advisor and broker for the seller, Schuster Real Estate Consultants handled the technical due diligence, while CMS Hasche Sigle provided legal and tax counsel.
GRR Garbe Retail Real Estate manages real estate assets valued at around €15 bn.
BNP Paribas Real Estate advised the seller and brokered the transaction.