INTERNOS acquires local shopping centre in Berlin-Lichterfelde for SCPI NOVAPIERRE Allemagne Fund

Frankfurt am Main, 11 July 2017 –INTERNOS Global Investors (INTERNOS), the pan-European real estate investmentmanager with 3.5 bn Euro of assets under management, acting as transaction and asset manager of the FrenchSCPI NOVAPIERRE Allemagne fund (managed by PAREF Gestion),has acquired LIO, a local shopping centre in Berlin-Lichterfelde.The vendor is a fund managed by LaSalle Investment Management.The purchase price has not been disclosed.

Theretail property occupiesan approximately13,100 sq m site at Lankwitzer Strasse 19, Berlin-Lichterfelde, which was constructed in 2006 and extensively refurbished in 2013.The property has a total lettable area of around 12,600 sq m, two thirds of which is retail accommodation, while the remainder is occupied by a gym.LIOalso hasaround300 parking spaces.

The property is virtually fully let, with the major tenants including REWE, ALDI and C&A.

BNP Paribas Real Estate was instructed to market the property.DLAPiper provided legal advice for the purchaser, while Simmons & Simmons acted on behalf of the vendor.CBRE PREUSS VALTEQ advised the purchaser on technical issues.

By the end of 2017, the SCPI NOVAPIERRE Allemagne Fund aims to achieve a volume of about 300 million Euro, to be invested primarily in retail warehouses, retail warehouse centres and small shopping centres.The focus is on properties with a value between 5 to 40 million Euros, preferably with leases having unexpired terms of six to eight years.

Internos Global Investors (www.internosglobal.com)

INTERNOS Global Investors is a pan-European fund and asset-management platform, specialising in real estate authorised by the FCA in theUK, BaFin in Germany and the AMF in France. An owner-managed independent company, it develops strategic investment and management solutions for institutional investors in all property asset classes across Europe. In addition to its London headquarters, INTERNOS has offices in Frankfurt, Amsterdam, Paris, Lisbon, Luxembourg, Madrid and Milan. The company employs around 100 staff, manages more than 600 properties in a total of 8 countries and currently has € 3.5 bn Euro of assets under management.

For further information:

Company contact

Paul H. Muno 
INTERNOS Global Investors Kapitalverwaltungsgesellschaft mbH
T +49 69 50 50 66 9 30 
paul.muno@internosglobal.com
www.internosglobal.com

Press contact

Jochen Goetzelmann
Targa Communications GmbH
Tel: +49 69 153 24 21-0 
jg@targacommunications.de
www.targacommunications.de

 

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