NOVA EVENTIS - Transaction Overview
Investment Date: June 2017
Property Type: Super-regional Shopping Centre
Asset Description: 1MM sqft shopping centre
Dominant superregional shopping centre:
• The centre has excellent accessibility by car to Leipzig-Halle, lending itself
as a key retail and leisure destination.
• Excellent dwell-time and spend per customer (one of the highest in Germany).
• Asset management initiatives focused on driving footfall to translate into
higher sales and rent.
NOVA EVENTIS - ALTERX Result
• Full mall refurbishment and key store upgrades to create the region’s
leading family entertainment-focussed mall.
• Re-energized the centre and attracted new unique brands
and concepts for the region.
SPRITZKRUG MULTI-CENTER - Transaction Overview
Investment Date: 1 st March 2017
Property Type: Hybrid Shopping Centre
Asset Description: 255,000 sqft Shopping centre, 1,182 parking units
SPRITZKRUG MULTI-CENTER - Strategy
Dominant regional shopping centre:
• Out of town shopping centre situated in the heart of a commercial park
north of Frankfurt Oder.
Value add potential through AM initiatives:
• Visual refurbishments to improve the overall attractiveness.
• Merging smaller units to meet the demand for larger units.
• Reduction of operating costs.
SPRITZKRUG MULTI-CENTER - ALTERX Result
Underwriting & Asset Management:
• The center has been refurbished and the key anchor tenants re geared while
occupancy rates have risen during the business plan.
1100 COLUMBUS - Transaction Overview
Investment Date: December 2018
Property Type: Shopping Centre
Asset Description: 220,000 sqft Shopping centre
• Convenience retail-led mixed-used property.
Value add potential through AM initiatives:
• Well performing, under managed shopping centre in one of Vienna’s
most evolving submarkets (~4m visitors p.a.)
• Substantial investment to preserve and enhance the property value.
• Regearing critical leases.
1100 COLUMBUS - ALTERX Result
Underwriting & Asset Management:
• The asset is being repurposed as a mixed-use center with
a blend of offices, retail, F&B and leisure.