Paref Gestion acquires Naumburg retail park

Paref Gestion, through its SCPI Paref Prima, has acquired a retail park in Naumburg, Germany, from the real estate fund BBV 9. 

Naumburg

The property is fully leased to Kaufland, a major food retailer, under a long-term agreement.
This acquisition is considered a strategic move due to the property's prime location in Naumburg, a town of about 32,000 residents. The retail park, built in 1993, spans roughly 12,000 m2 and includes 340 parking spaces. Kaufland's long-standing presence and strong brand make it a key retail hub for the region, attracting significant customer traffic.
The investment aligns with Paref Prima's strategy to increase its holdings in essential retail and food sectors, enhance its weighted average lease break (WALB), and diversify its portfolio. Paref Gestion aims to identify and secure valuable investment opportunities across Europe that can generate sustainable returns for Paref Prima's investors.
The Paref Group has nearly €1 bn in assets under management in Germany.
Anne Schwartz, CEO, Paref Gestion, said: “We are delighted with this new acquisition, which further strengthens the already high-quality portfolio of the SCPI Paref Prima. This asset, leased to a top-tier tenant, perfectly illustrates the SCPI’s strategy of diversifying its portfolio across Europe, particularly in resilient sectors such as food retail distribution.”
Paref Gestion was advised by Paul Hastings,  Drees & Sommer and Bulwiengesa, while the seller was advised by GREA.