The Sixth Augusta Syndicate - Investment in Rostock Germany

Company information:

Company incorporation date:July 2007
Investment term:Medium term
Minimum Investment: €50,000 (Closed for Investment)
Investment rationale: Capital growth

This fund has now exited.

3 Prime Retail Properties—Kröpelinerstraße & Am Ziegenmarkt, 18055 Rostock, Germany

The properties are located in the Kröpelinerstraße prime pedestrianised retail zone. Rostock is the largest city in and shopping capital of the Federal State of Mecklenberg-Vorpommern. A university town, it is also the tourism capital of north Germany. Rostock suburb Warnemünde is one of the main beach resorts in Germany.

Property Location

  • The properties are located in the Kröpelinerstraße – Rostock’s prime retail street
  • Surrounding tenants – Citibank, C&A, Vodafone, Mexx, O2, Tommy Hilfiger, Esprit, Betty Barclay
  • Footfall of 50,000 per day

Rostock

  • 430,000 population in Greater Rostock
  • Principal shopping town and focal point of Federal State of Mecklenberg-Vorpommern
  • Tourism capital of NE Germany, with over 2 million passengers p.a. using its ferry port and 21 million tones of cargo passing through
  • Hosted last year’s G8 Summit
  • Commuter numbers into Rostock are increasing at amongst the highest rates in Germany
  • Rostock Port: 7.5 million sqm in size, handles 8,300 ships p.a. and employs 10,000
  • Other employers include Caterpillar, Liebherr, Nordex and EADS

Tenancy

Anchor tenants in the three properties are all top covenant businesses with nationwide and/or international operations: Swedish bank SEB AG, fashion retailer Pimkie/Orsay and Tiger, a recognised homeware retail business with over 100 outlets in Europe.

Lettable Area: 3,054m²

 

Kröpelinerstraße & Am Ziegenmarkt, 18055 Rostock, Germany