MEAG’s Acquisition of The Weide Park Retail Centre

Noerr advised MEAG on the deal. Rotthege advised Landmarken AG.

MEAG, the asset management company of Munich Re and ERGO, announced the acquisition of a retail centre in Kranenburg in the district of Kleve, North Rhine-Westphalia.

MEAG acquired the Weide Park retail centre for the MEAG German Super Stores special real estate fund.

The retail centre, which focuses on sustainability and consists of three retailers, is located close to the Dutch border and was completed in November 2021. Drugstore chain Müller and discount supermarket Penny were joined on 13 January 2022 by the supermarket chain Rewe, the third and largest tenant. Rewe, which supplies a full range of goods, occupies around half of the 6,000m2 of retail space in Weide Park. The centre also has around 180 parking spaces on the 14,900m2 site.

The Noerr team included Alexander Jänecke (Picture – partner, Real Estate, Frankfurt), Christoph Hons (associated partner, Frankfurt), Evelin Moini (senior associate, Frankfurt), Johann Bruder (associate, Dresden), Hendrik Schlutt (counsel, Dresden).

The Rotthege team included Partner Martin Butzmann and Dr. Max Heinrich.

Involved fees earner: Johann Bruder – Noerr; Christoph Hons – Noerr; Alexander Jänecke – Noerr; Evelin Moini – Noerr; Hendrik Schlutt – Noerr; Martin Butzmann – Rotthege; Max Heinrich – Rotthege;

Law Firms: Noerr; Rotthege;

Clients: Landmarken AG; MEAG MUNICH ERGO AssetManagement GmbH;

Federica Tiefenthaler

Author: Federica Tiefenthaler