February 2007 | Specialized discount store project sold

Specialized discount stores do not have to be cheap and cheerful boxes on greenfield sites to
find buyers. A commercial transaction in Dortmund-Holzen demonstrates this.

The Dutch Wieringerwaard Invest VII has acquired a further market there through its capital fund
company German Retail Fund I, in which Bakkenist & Emmens B.V. also has a share. The property
is distinguished by the modern architecture, which is rather unusual for a specialized discount store,
and has an area of around 2,200 sq m. Building work will start in spring 2007. The transaction volu-
me was around 3.1 million euros. The seller of the project was a subsidiary of Dr. Hesse & Partner,
Dortmund.

Degen Consulting, Cologne, and TK Finanzen & Service, Beckum, acted as brokers and advisors.