Retail

Flensburg Galerie - shopping centre on the prime shopping street Holm

Holm 57-61 Flensburg, Schleswig-Holstein Germany 24937
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income
Cap Rate N/A

Documents

Enter the "Deal room" for exclusive documents related to this property.

The Deal Room features confidential documents related to this property. To access the Deal Room, you will need to be logged in. If you don't have an account, please create one. More questions? Visit our FAQ.
I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Key Facts

Year Built 2006
Tenure Type Freehold
Building Area
Land Area ()
Total Parking Space
Occupancy 80.0 %
Wault 5.7

Property Description

The Flensburg Galerie with access from the main shopping street Holm was opened in 2006 and modernized in 2017. With a site area of 11,142 sqm and a rental area of approx. 24,300 sqm, the property is ideally integrated into the traditional residential and business environment of Flensburg's city center. The retail areas with a total of approx. 16,700 sqm are spread over two ground floors and the 1st floor. The anchor tenants Rewe, Netto, Müller and Saturn as the only consumer electronics store in the city center guarantee a constantly high pedestrian frequency. Additionally the property includes approx. 4,700 m² of office space and a parking garage with approx. 250 parking spaces managed by APCOA.

Investment Highlights

  • Flensburg Galerie in the prime location with direct access from the Holm
  • Dominant shopping center in a catchment area of approx. 640,000 inhabitants, which extends far into Denmark
  • Centrality index of 176.1
  • Population growth in the past and forecast of over 6% by 2030
  • Long-term secured anchor tenants Rewe, Netto, Müller and Saturn with a WAULT of 7.9 years
  • Modern parking garage with approx. 250 parking spaces
  • Approx. 18,000 visitors per day in 2019 with an increase of approx. 28% over the previous year
  • Asset management possibilities by merging areas and converting retail space into other types of use, such as office or hotel
Last Updated Date: 02 Nov 2020
Markus Ritt
Markus Ritt
Director
Abdullatif Goecer
Abdullatif Goecer
Director

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

+63282312281
Last Updated Date: 02 Nov 2020

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.