Leipzig

Brandenburger Straße 21
04103 Leipzig
  • Asset Class

    Retail

    Year of acquisition

    2011
  • Property size

    33,917 m2

    Usable floor

    11,131 m2
  • Main tenant

    OBI

    Fair value

    13,670,000 EUR
The photo shows an OBI DIY store in Leipzig

Property description

With its 516,000 residents, Leipzig is part of the Middle Germany metropolitan region and one of its two core cities along with Dresden. Thanks to its central location in Europe and on famous trade routes, the city has become a major location for trade fairs and industry in Germany. International companies such as Porsche and BMW have set up offices in Leipzig. However, communications and information technology industry companies have also discovered the city: For example, the IT service provider PC-Ware and the national cable network operator PrimaCom have made Leipzig their home. The city is also a key media location thanks to the head offices of Central German Broadcasting (MDR) and a large number of publishing companies. The university city of Leipzig also appeals to tourists with its historic and beautiful city centre and its rich musical history, including Johann Sebastian Bach and the Thomanerchor choir. Our property, an OBI DIY store with an area of around 11,000 qm, is centrally located in Leipzig’s city centre, in the direct vicinity of the main train station and the built-on shopping centre “Promenaden Hauptbahnhof Leipzig”. The location enjoys high footfall thanks to its optimal traffic connections and generous parking facilities.

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