The large neighbourhood retail centre in Rostock is situated at Rigaer Strasses 5 and was sold by Highstreet VIII, a retail property fund managed by Corestate.
The internal area of the centre spans 40,470sq m and divides into around 26,000sq m of attractive retail space on the ground floor and first floor. The three levels above provide more than 1,000 parking spots and the basement is taken up by plant rooms and storage areas.
The long-term master tenant of the property is Edeka Nord, a food retail chain that operates an E-Center hypermarket on 8,224sq m while subletting and managing the roughly 50 other lock-up retail units as well as the flats and offices. The primary sub-tenants include the retail chains KIK and Takko, dm Drogeriemarkt and JYSK.
The direct catchment area of “Warnow Park” is home to around 60,500 residents, the majority of which live within a 10-minute walking distance. Moreover, the site is conveniently accessible by rapid transit train, tram, bus and two major arteries. The neighbourhood is characterised by very densely built-up residential areas. The surroundings include a pedestrian precinct that features a multiplex cinema of the “CineStar” brand, gastronomic amenities as well as many service providers and doctors’ surgeries.
