Supermarket with a chain tenant in Saxony.
The property is fully let. The anchor tenant is a well-known supermarket chain with several thousand grocery stores in Europe.
The lease agreement has been concluded till 2028 without the right of termination.
The property is located in the federal state of Saxony, in a town with a population of about 40,000 inhabitants.
Saxony is a federal land in the FRG, located in the east of the country. The capital city is Dresden. The population of the region is more than 4 million people.
The most important branch of industry is automobile with a share of 27% of all sales. It is followed by the metallurgical sector with a share of 13%, machine construction with a share of 12%, as well as electrical engineering/ microelectronics with a share of 11.6% of Saxony's industrial turnover.
Saxony is known in the world for its higher education institutions with long traditions and high status: Leipzig University, Dresden Technical University, Freiberg Mining Academy.
Saxony attracts numerous tourists with the presence of many world-class culture monuments, delightful natural landscapes, and a well-developed tourist infrastructure.