The Saller Group, headquartered in Weimar, has taken over a commercial building in Solingen city centre into its portfolio. This acquisition expands the group's real estate portfolio in North Rhine-Westphalia to a total of 22 properties, seven of which are located on highly frequented shopping streets. Solingen is an independent major city with a population of approximately 164,000.
The acquired property is located at Am Neumarkt 20, 42651 Solingen. It stands on a plot of approximately 2,480 square metres in a prime high street location, classified as 1A, on Graf-Wilhelm-Platz. The immediate vicinity includes the "Hofgarten" shopping centre and the main branch of Stadt-Sparkasse Solingen. The area has been designated a redevelopment zone, which suggests a medium-term upgrade of the square.
Property features and use
Built in 1977, the commercial building has a lettable area of approximately 3,630 square metres. This area is fully let to the clothing company C & A. The tenant's sales rooms extend across the ground floor and the first floor. The floors above, the second and third floors, are designed as staggered floors and house ancillary rooms. The building's large flat roof offers potential for the installation of systems for generating renewable energy. Approximately 20 parking spaces are available at the rear of the commercial building.
The seller of the property is an institutional investor. Lührmann Düsseldorf acted as an advisory body for the seller in the transaction and brokered the acquisition of the property. This transaction underlines the Saller Group's continued investment strategy in urban locations with development potential.
