Tikehau Capital and Captiva acquire 8 German retail properties

Global alternative asset manager Tikehau Capital and real estate investor Captiva have jointly acquired a portfolio comprising eight retail properties across Germany. 

This strategic investment significantly expands Tikehau Capital's German portfolio, focusing on assets that provide stable cash flows and attractive returns for investors.
The newly acquired properties boast a total rental area of approximately 16,000 m² and are nearly fully leased. The long-term stability of the portfolio is secured by newly signed 15-year leases. Aldi Nord serves as the anchor tenant, complemented by a diverse mix of local retail tenants, including beverage and pet stores, ensuring a balanced and resilient tenant base.
The locations for the portfolio are strategically chosen, with five properties in Berlin and its surrounding areas, two near Leipzig, and one in Bad Zwischenahn near Bremen.
Steffen Meinshausen, head of Real Estate Germany at Tikehau Capital, stated: "Food and convenience store properties continue to be among the most resilient asset classes. With the newly signed 15-year leases, the properties are well positioned for the coming years. We are pleased to be able to realize this project together with Captiva."
Stephan Fritsch, managing director at Captiva, added: "With this portfolio, we are combining the attractiveness of metropolitan regions such as Berlin and Leipzig for long-term, stable retail investments with one of the strongest names in the discount food sector. The strong demographic development, high purchasing power, and dynamic urbanization of these locations ensure sustainable cash flows combined with attractive land values and promising development potential."
The acquisition was executed through an individually managed investment vehicle designed for stable cash flow investments. Legal advice for the transaction was provided by the firm Vesthaus.