Retailer Vinh-Loi, which specialises in Asian groceries, is continuing its expansion in the Hanseatic city of Hamburg. The company has signed a lease for just under 500 square metres of retail space at Glockengießerwall 2. The property benefits from its location directly opposite Hamburg Central Station.
The retail space was brokered by real estate firm Grossmann & Berger, a member of German Property Partners (GPP). The owner and landlord of the commercial property is a private foundation.
Expansion of the branch network in Hamburg and Berlin
The opening of the new branch on Glockengießerwall is scheduled for the end of the current year. With the new store, the specialist retailer is expanding its market presence in northern Germany. Vinh-Loi already operates several Asian supermarkets across locations in Hamburg and Berlin.
Within Hamburg itself, the company is already accessible to customers at two established addresses, with existing branches on Johanniswall and on Wandsbeker Königstraße. The new unit on Glockengießerwall now supplements this existing network with a central destination close to the central station.
Product range at the new location
The offering on Glockengießerwall will follow the retailer's proven profile, comprising a broad selection of Asian groceries and specialities. The focus is on traditional ingredients for Asian cooking:
- —Fresh fruit, vegetables and Asian herbs
- —Classic rice and noodle products
- —Selected spices and traditional sauces
- —Various specialised grocery products from across Asia
By concluding this lease, the retailer secures a high-footfall city-centre retail location, with fitting out and preparation set to take place ahead of the targeted year-end opening.
