The Saller Group has incorporated a retail park in Kerpen into its portfolio. This acquisition expands the group's real estate portfolio in North Rhine-Westphalia to a total of 21 properties. The seller of the property was an institutional investor. JLL acted as an advisory and mediating party for the seller in this transaction.
The acquired retail park is located in Kerpen, a city with approximately 66,000 inhabitants in the Rhein-Erft-Kreis district. More precisely, the property is situated at Kerpener Straße 150–152, in the Sindorf district, which has around 18,000 residents. A direct connection to the S-Bahn line S19 provides access to Cologne. The demographic development for the location is assessed as positive. The infrastructural connectivity also benefits from its proximity to the Kerpen motorway junction, where the federal motorways A4 and A61 see a daily traffic volume of approximately 300,000 vehicles.
Property and location analysis
The retail park is built on an approximately 27,000 square metre plot and offers over 380 parking spaces. The original development from the early 1990s included a DIY store, which was restructured into a retail park with a rental area of around 18,000 square metres in the 2010s. A striking feature of the property is a 35-metre-high advertising pylon.
The retail park is currently fully let. Anchor tenants include a textile department store and a pharmacy. The immediate retail environment is complemented by food markets and system catering. The Saller Group has already initiated discussions with prospective tenants for short to medium-term leased retail units to continuously optimise the property's tenant mix.
