SQM advises on the purchase of Bavaria's largest bicycle specialist store to FIM Group
The boom in electromobility has caused exponential growth in the bicycle trade, especially from 2020 onwards. E-bikes, pedelecs and electric bicycles in all variations have experienced a surge since then and the trend continues.
This prompted the Fahrrad XXL Group to open the largest bicycle market in Bavaria last year directly on the A73 in Fürth on over 13,500 square meters.
The market and solitary building is visible from afar and benefits from its own Fürth-Steinach motorway exit and from prominent neighbors such as Möbel Höffner and Teppich Kibek.
The specialist store was previously sustainably renovated, converted and further developed from an ecological perspective for the user. Since then, a huge selection of bicycles, trendy accessories, a workshop with 20 assembly stations and a spectacular indoor test track on two levels have been presented on a gigantic 7,000 square meter sales area.
The 41,000 sqm property also offers development potential for another property on an 8,000 sqm part of the property.
Accompanied by SQM, the property has now been handed over to the FIM Group as the new owner, which is adding the property to its diversified retail portfolio.
“With the specialist store property in Fürth, we have acquired an absolute gem for our portfolio. In addition to the long-term rental to Fahrrad XXL, the property offers us further development potential,” says Jan Lerke, Managing Director of the FIM Group. And André Müller, Managing Director of SQM, adds: The location and the property offer so much potential that it will continue to represent a stable and flexible asset for all possible changes and expansions in the coming years.
SQM finds investor & operator for former car dealership at Düsseldorf Airport
The Brüggemann car dealership has moved out of Theodorstreet 128 at Düsseldorf Airport for some time now. SQM Property Consulting has now managed to find a new user and investor.
The former car dealership was part of an overall plan for a large furniture store at this location. After the plans were abandoned, the structure of the car dealership and exhibition hall was to be retained.
André N. Müller, Managing Director of SQM says: “We were specifically looking for an owner-operator for the property who would bring a sustainable and new concept for this location. Finding a pure investor or developer for an empty building would have been difficult in the current market environment and would not have led to an acceptable financial result for the seller. In this respect, we needed an investor who already has a concrete idea for reuse and expansion and, in the best case, brings their own operator with them. The competition within this investor and user group was then great enough to achieve a good result for all parties.”
SQM advised the seller, a German single family office, and brokered the transaction to the international investment manager based in London.
SQM rents out Bugatti flagship store in Münster
SQM Property Consulting provided advice and leasing for the investor, a local family of owners.
The flagship will show the new Bugatti Store Concept – the color design and choice of materials in the store construction guarantee a stylish, feel-good atmosphere and a special presentation of the brand. We wish bugatti GmbH a good start in Münster.
BoConcept comes with a flagship store in the Domshof-Passage Bremen
SQM has developed a sustainable concept for the repositioning of the Domshof Passage in Bremen. BoConcept is starting out as a major signal tenant.
The Danish designer furniture retailer has taken over the approximately 600 square meter space over two floors from the former Hallhuber and Butlers. The new store will show current Scandinavian living trends in 15 studios. The opening is planned for November 2024. “The location has significant potential. The passage with a connection to Sögestrasse still has great value. The plans for the Domshof and the Landesbank building are also positive,” says Volker Kruse, leasing consultant at SQM for the Domshof-Passage.
Other serious discussions with complementary tenants are already underway. SQM Property Consulting is solely commissioned by the owner to reposition, advise and rent the property.
Rental of the new eec Rheine is making great strides
Preparations for the complete restart are underway, the entire “Ems-Einkauf-Center Rheine” on Lingener Straße is being restructured and some areas are also being rebuilt. The demolition of the former shed roof halls has already begun. The supra-regional city quarter is expected to reopen at the end of 2025.
SQM has already gained Edeka, Aldi, KIK, Rossmann and, most recently, Action with approx. 1,000 m² as new tenants. The operator of the parking spaces has also been determined: Goldbeck Parking. Overall, around 75% of the approximately 12,000 m² on the ground floor have already been re-let. Final negotiations are underway with additional retail, catering and service tenants who will expand the range at eec and thus further strengthen the local supply location.
The FIM group of companies from Bamberg is very satisfied with the result. SQM Property Consulting has been commissioned by FIM to provide concept consulting and leasing for the project.
Tom Tailor opens its flagship in Oldenburg's pedestrian zone
Tom Tailor is expanding its branch network and has opened a new store at Lange Straße 16 in Oldenburg. The location is considered top 1A and promises high customer frequency. On a spacious area of 280 square meters, the store presents itself in the latest high-quality and modern store concept.
SQM Property Consulting brokered the rental agreement between a family office from Koblenz and Tom Tailor. Together with the Tom Tailor Retail team, we are pleased about this attractive rental and wish you much success and great sales at the new location.
Hertener Höfe: Commercial space fully let - medical center rents approx. 3,000 m²
With the Hertener Höfe, a new urban district is being created in the city center of Herten. After the retail and catering areas were fully let (98%), 3,000 m² of the upper floors were let on a long-term basis to an operator from the healthcare sector.
In addition to a medical supply store, pharmacy, hearing aid acoustician and various practices, a leading orthopedic and sports medicine specialist center was gained.
The Hertener Höfe are fully rented, with only a few small spaces left. The opening of the quarter is planned for 2024. SQM was mandated by Phoenix Development to provide advice and leasing and was able to attract attractive and popular tenants such as Edeka, Aldi, Rossmann, FitX, KULT, Woolworth, Ernsting’s family, Smile Optic, etc. for the new building project.
Münster Hafenmarkt is open, Moto59 is renting
The Hafenmarkt, a mixed-use district, opened on February 15th, which, with its different uses and tenants, fits ideally architecturally into the vibrant urban harbor and Hansaviertel, Münster’s Kiez.
SQM Property Consulting is solely commissioned by the Stroetmann Group as investor to design and lease the commercial, catering, office, practice and service areas in the port market.
The heart of the building complex is the Edeka with an integrated, innovative market hall concept. In addition to Edeka, Aldi, dm, a pharmacy, MaMa’s ice cream factory and a spacious neighborhood garage with around 220 parking spaces enrich the offering. This is followed by over 30 apartments, various office and service areas as well as medical practices. Restaurants and a large day care center complete the extensive usage concept of the harbor market and expand the offering in the district.
Another highlight of the rental is the unique Moto59 Foodgarage gastronomy concept. On a generous 850 m², this new location will offer an impressive area for motorcycle enthusiasts and Italian food gourmets.
Architecture: PEP Architekten und Stadtplaner, Visualization: Engel & Haehnel GbR
Quick deal: SQM advises on the sale of the Thuringia logistics center
In just 3 months, from the initial viewing to the closing, the former central warehouse of Finke Möbel was sold to the FN Capital Holding.
The high-bay hall with 11,200 m² of usable space and a strategically convenient location in Elxleben/Erfurt offers an efficient logistics infrastructure directly on the B4 and A71. The property has been rented to Twenty 5 Logistik GmbH & Co. KG since April 2023. The new construction of another logistics center with approximately 10,000 m² on the approximately 52,000 m² site is being planned and will be available for rental from Q4/2025.
SQM Property Consulting was exclusively commissioned by the seller, the Krieger Group, and advised and mediated the transaction.
Tom Tailor opens in Oldenburg's pedestrian zone
Tom Tailor will open in early 2024 in a top 1A location, directly at Lange Straße 16. The modern business premises, formerly Hallhuber, will in the future offer a casual lifestyle for men and women on approx. 280 square meters.
We are pleased about this attractive rental and wish Tom Tailor much success and great sales at the new location. SQM Property Consulting was commissioned by a family office from Koblenz to rent the property.
New center rentals in Marburg and Bremerhaven
The Schlossberg Center Marburg and the Columbus Center in Bremerhaven can look forward to new tenants. From the beginning of 2024, Woolworth will complement the Schlossbergcenter’s offerings as an additional anchor tenant alongside C&A and Lidl on an area of almost 700 m².
SQM was commissioned to rent the center exclusively by an international family office.
Jeans Fritz has been attracting visitors with denim looks on almost 300 m² in the Columbus Center Bremerhaven since October 7, 2023, while Bijou Brigitte has been shining more visibly in the center since September 1, 2023 with jewelry and accessories after the shop was relocated. SQM was commissioned by an international investment manager to provide leasing and concept consulting.
4 new tenants for the Domshof Passage in Bremen
The Domshof Passage, right next to Bremen’s market square, shines in pre-Christmas splendor with four new tenants and is once again a center of attraction in the tourist area.
The Domshof Passage has stood for exclusivity and an upscale shopping experience for over 30 years. Existing tenants such as Lacoste and van Laack (clothing), Mes Amis and Wolford (lingerie, hosiery), Niemeyer Cigarren, Mai Mai and I.O casa del caffè (gastronomy) as well as the Deutsche Bank headquarters on the upper floors are spread over approximately 2,000 m² of retail space .
The Tenter’s Backhaus remains an integral part of the Domshof Passage with a long-term lease extension and high-quality new shop fittings and reopened in November. Art of Chocolate has been attracting visitors with exquisite chocolate creations since mid-September. ZEBRO and LEGRACIA opened last Saturday on December 2nd and offer a style-conscious selection of women’s and men’s fashion as well as individual accessories and home accessories. Further promising discussions are ongoing with interested parties from the sporting goods and furniture industry and promise good prospects for the coming year.
SQM Property Consulting was exclusively commissioned by an institutional investor to advise on realignment and leasing in order to expand the arcade’s offerings with further sustainable retail and catering concepts and to revitalize it with new uses.
Münster – locations and footfall 2023/24
The new and updated 2023/24 Commercial Property Report has landed! Münster is a growing city, a city of many faces and one of the leading shopping destinations in Germany.
An attractive retail offering, wide variety of places to eat and drink and large number of cultural institutions give the city real pulling power. This offers a good foundation for the city’s future, but even Münster has some challenges to overcome.
The full report is available here. >>
The 2023/2024 Commercial Property Report has been produced through a close collaboration between SQM Property Consulting and Wirtschaftsförderung Münster. The report includes figures on location quality, rents, footfall and the percentage of chain stores. For market participants, these figures are an essential foundation for decision-making during the planning process. Please contact us for more information.
Consulting 2.0 for property owners
City centres exist in a state of continuous change. A vibrant city centre needs innovative, long-term concepts. We restructure ex-retail properties to create functioning retail districts and mixed-use real estate with uses including retail, bars and restaurants, residential, serviced offices, coworking spaces, hotels, fitness centres and health.
However, we not only let central commercial properties, but also develop retail parks and shopping centers into high-frequency retail properties.
Our drive is to create an attractive city with a high quality of stay and a wide variety of offerings. For this reason, SQM Property Consulting is a member of the “Human City” working group, which develops interdisciplinary solutions (architecture, urban planning, project development, psychology, user groups, consulting, leasing). With the help of this valuable network and the good relations to the essential operators and users from retail, gastronomy, hotel and office, object specific for the cities and real estate owners, we can not only develop these solutions, but also realize them. We are the facilitators, the enablers, and we are measured by our success.
Convince yourself of the specially tailored rental and investment solutions 2.0. Because even the best retail property does not generate a high return all by itself, according to Guido Müller and André Müller.
Rendering: Mood Studio
Join our team!
We are a young, creative consulting business made up of dedicated team players. Our international spirit and internationalist aspirations enable us to chart new courses to success. To support our team, we are looking for junior real estate consultants. For more information, please see the job description. We look forward to receiving your application.
Section C4 of Münster’s new HafenMarkt development now fully let
SQM is pleased to announce that section C4 of the HafenMarkt development, with a total leasable area of around 3,300 m², is now fully let.
A nationwide coworking space provider, auditors LADM, software developer XITASO, insurance underwriters Hansekuranz Kontor and ice cream maker MaMas look forward to working in the Hansaviertel.
The overall project is scheduled for completion in Q4 2023.
The investor has commissioned SQM Property Consulting as sole agent for concept development and leasing of the retail, bar and restaurant, office, healthcare practice and service spaces.
Architects: PEP Architekten und Stadtplaner
Rendering: Engel & Haehnel GbR
It‘s summer time
“Live in the sunshine, swim the sea, drink the wild air.” (Ralph Waldo Emerson)
We wish everyone a fabulous holiday and summer season. Time to relax, time to unwind, time to find new inspiration.
eec Rheine prepares for reboot
With preparations underway for a complete reboot, the old eec is slowly emptying, ran a recent report in the MV newspaper*. Situated on Lingener Straße, the Ems-Einkauf-Center Rheine (eec) is being completely restructured and in some places even rebuilt. The new look eec is scheduled to reopen in late 2025.
Leading the project are FIM Unternehmensgruppe, which acquired the complete site in spring 2022, and SQM Property Consulting, which is dealing with concept development and marketing. “The new eec will still have 15 units for retail, service businesses, bars and restaurants. The anchor tenants will be a traditional supermarket leasing roughly 4,000 m² and a discounter leasing around 1,750 m² of floor space. We want the new eec to be beautiful, but also functional,” explains SQM Managing Partner Guido Müller.
The eec will be an accomplished blend of old architecture showcasing the centre’s existing identity and newer, more modern elements intended to improve the structure of the site. “We are building on the past, but aiming to position the centre more strongly as a retail destination serving a wider catchment,” says Guido Müller.
*Article edited by SQM
Renderings: Taao
Thalia opens new branch in Kempen town centre
In mid August, bookshop chain Thalia will open its new store in the former Deutsche Bank premises in Kempen. Situated at Engerstraße 42, Thalia’s new 300 m² store will offer a wide variety of books and toys, plus a small selection of gifts and decorations.
“The Kempen store gives us an attractive new site in the Niederrhein region. From August, we’re looking forward to bringing our enthusiasm for the world of books and reading to Kempen and to being part of a vibrant, attractive town centre,” said Thalia Sales Director Dennis Book.
SQM Property Consulting provided consultancy and leasing services to the building owner, a local family office.
Contact
SQM Property Consulting GmbH & Co. KG
Johanniterstraße 1
48145 Münster, Germany
info@sqm.de
Tel. +49 251 / 620 820
www.sqm.de
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