Mitiska Reim acquires its first German retail park

Mitiska Reim acquires its first German retail park
Mitiska Reim

Belgian real estate firm Mitiska Reim bought a retail park in the German city of Mönchengladbach. It was a collaboration with Luxembourg Investment Group and the group’s first German acquisition.

Additional deals incoming

The location, near the city’s largest train station and business district, has 10,900 sqm of rentable space. The retail park contains twelve locations, with Rewe and Penny as current users already. There is also room for 273 cars. Co-investor Luxembourg Investment Group will update the retail parc and also largely manage it.


“Our first German purchase strengthens our position as the leading investors in the European retail industry. We have many other deals incoming and are currently investigating possible investment options and collaborations to expand our German, Western and Central European portfolio”, Mitiska Reim’s chairman, Luc Geuten, said.


Mitiska Reim now owns 46 retail parks and 340,000 sqm. It has properties in Belgium, France, Spain, Poland and Serbia. It also acquired eleven Romanian retail parks in June

Questions or comments? Please feel free to contact the editors

Gerelateerde items

LensOnline targets German expansion


Belgian LensGroup, which dominates Belgian online contact lens sales alongside LensOnline, is slowly conquering the European market. Following the Netherlands, Italy and Spain, it is now targeting the German market.

Hema targets extensive expansion in Germany


Store chain Hema has major plans for Germany: in the next three years, it will open at least seventy new stores, which is a huge increase compared to the eleven it currently has in the country. Hema also targets shop-in-shops and stores in train stations.

Media Saturn launches a first, fully virtual shopping world


Saturn customers can use their own VR goggles to see products in two virtual environments. It is not yet possible to actually buy something in VR however.

Henkel increases full-year turnover forecast


For the first time ever, Henkel will pass the fifteen billion euro turnover milestone for the first nine months of the year. The company will also increase its turnover and profit forecast on the back of these excellent performances.

HAK obtains majority in German distributor foodeko


Vegetable manufacturer HAK acquired a 51 % stake in German distributor foodeko. It has long since worked with the company and now hopes to strengthen its German position and grow its sales.

Zalando grows more than 25 % in third quarter


German fashion web shop Zalando’s third quarter growth was astonishing once more: compared to the year before, it added another million new customers and achieved a 30 % turnover increase. Its profit disappeared almost entirely however.

Back to top