A retail park in the suburbs of Leipzig.
Description
The area of the building was expanded in 2007.
The absolute annual income is 176,778 €.
The current yield is 8,0%.
The anchor tenant is a large supermarket chain with more than 1,300 stores in 4 European countries. The annual turnover of the company is about 6 billion euros.
The lease agreement is valid until 31.03.2023
The 2nd tenant is a beverage market.
The lease agreement is valid until 30.06.2025.
The other tenants: the German Social Security Association, meat and bakery shops, a hairdresser, a driving school, a dentist, a game room.
WALT: 5.8 years (as of 01.02.2018).
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5,0%.
Brokerage fee is 6% + VAT 19% (total 7,14%).
The shopping center is located in the suburbs of Leipzig. The population of the town is about 10,000 people.
The town is well connected with Leipzig by the public transport system.
Leipzig is the largest city of the federal state of Saxony with the population 560,000 people.
Together with Halle located 32 km west, Leipzig forms an urban agglomeration with the population about 1.1 million people, which is one of the most economically developed in East Germany.
The major employing companies in Leipzig:
- Amazon
- Blüthner (piano production)
- BMW
- Comparex
- Porsche
- Siemens
- EMAG Leipzig Maschinenfabrik GmbH
- DHL (for Leipzig/ Halle airport)
- Microsoft (cheap boxes)
Over the past 5 years 50,000 people (at the age from 25 to 34 years) have migrated to Leipzig.
The number of jobs increased by 11,5% and the number of workers increased by 19,5%.
The unemployment rate does not exceed 8,7%.
The purchasing power index is 89,31.
Leipzig/ Halle Intercontinental Airport is located in the city and it is considered the 2nd largest cargo hub in Germany.
