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New investments in Bielefeld's supermarket: Fund takes over historic building
According to a report from www.nw.de, the mechanical weaving mill on Teutoburger Straße served as a supermarket location for 50 years and has undergone some changes this year. Since Kaufland took over Real, intensive work has been carried out on the renovation of the approximately 12,500 square meter local supply center. Now there is very tangible news behind the scenes: Hauck Aufhäuser Lamp Privatbank has taken over the building for the “H&A Grocery Retail Germany” fund and sees great potential in the location. Despite the previous problems and delays in the construction work by the investor consortium Sistema Capital Partners, there are concrete plans for modernization in the future...
New investments in Bielefeld's supermarket: Fund takes over historic building
According to a report by www.nw.de,
The mechanical weaving mill on Teutoburger Straße served as a supermarket location for 50 years and has undergone some changes this year. Since Kaufland took over Real, intensive work has been carried out on the renovation of the approximately 12,500 square meter local supply center. Now there is very tangible news behind the scenes: Hauck Aufhäuser Lamp Privatbank has taken over the building for the “H&A Grocery Retail Germany” fund and sees great potential in the location. Despite the previous problems and delays in the construction work by the investor consortium Sistema Capital Partners, there are concrete future plans to modernize and densify the outdoor area.
Kaufland and Lidl have already committed to the location with rental agreements for an initial period of 14 years. Additional tenants, such as a pharmacy, a laundry, a kiosk including a post office and other service providers, restaurateurs and retailers should round out the offering and ensure further footfall. The listed facade should remain in place and serve as a long-term reminder of the significant history. The private bank Hauck Aufhäuser Lamp promises customers modern sales areas and e-charging stations in the outdoor area and is already planning the first concepts for densification in the outdoor area.
The takeover of the building by Hauck Aufhäuser Lamp Privatbank and the planned investments in the modernization and densification of the outdoor area could have long-term positive effects on the real estate market in Bielefeld. The anchor tenants Kaufland and Lidl as well as the planned additional tenants could make the location more attractive and possibly also increase property values in the area. If the planned modernizations and densifications are successfully implemented, this could lead to further investments in the local real estate industry.
It remains to be seen how the future of the site and the planned modernizations will develop as a result of the new investment.
Read the source article at www.nw.de