Stern Center Ludenscheid is the dominant shopping center in the Sauerland region with a catchment of over 400,000. On three levels, this popular destination provides its visitors with an attractive and varied offer of fashion, lifestyle, leisure, services, groceries and daily goods as well as gastronomy.
The center, located with immediate access from town square and Ludenscheid’s high street forms an integral part of the inner city shopping district.
The Investment Strategy
- Acquired in 2015 by the ECE European Prime Shopping Centre Fund II
- The investments benefits from highly stable trading and a high income return
- Re-gearing several lease expiring in 2018/2019 provides value-add opportunity through optimising the retailer mix and further increasing future income certainty