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Aldi @ Hohentengen

 
Aldi @ Hohentengen

Country:

Germany

City / Town:

Hohentengen

Location:

The property is situated in Hohentengen at Haupt Street 66, 79801. The town has a population of 3,600 and is approximately 100km south east of Freiburg.

Description:

The property is a retail warehouse on a 7,835m² parcel of land and has a lettable area of 1,349m². There are also 137 parking bays allotted to the site. The property is a single storey supermarket, constructed with pre-fabricated concrete panels under a pitched roof and finished in the corporate style of Aldi Süd.

Tenancy:

Aldi GmbH & Co. KG (Donaueschingen) is the contracting tenant. Aldi (short for ALbrecht DIscount),is a privately owned family business and one of the leading discount supermarkets in the world. The chain is comprised of two separate groups, namely Aldi Nord (operating as Aldi Markt) and Aldi Süd (operating as Aldi Süd or Hofer). The two groups operate independently of each other within specific market boundaries. Aldi Nord is owned and operated by Theo Albrecht (the 9th richest man in the world according to Forbes Billionaires list for 2009). Aldi Süd is owned by his brother Karl Albrecht (the 6th richest man in the world). Aldi`s turnover grew by 9.4% in 2008 to $33,7 billion. The tenant of this property is Aldi Süd, which operates 1,740 stores in Western and Southern Germany, as well as more than 2300 in Austria, Ireland, the United Kingdom, Slovenia, the USA, Australia and Greece.

Asset management report:

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Property Manager's Comments
Tenure: Freehold
Type: Retail Warehouses
Investment commencement: 01/08/2006
Investment period to Feb '14: 91 months
Weighted tenant risk: A1: 100%
Entry price per share: €10,000
Rent escalation: Fixed for first 5 years, 1.8% per annum thereafter
Lease expires: 01/07/2026
Your investment contact is:
Malcolm de Hahn Malcolm de Hahn
malcolm@louisgroupint.com
Your property contact is:
Georg Beckert Georg Beckert
georg@louisgroup-eng.com
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