German retail property investor Hahn Gruppe has acquired the Alex-Center in Regensburg, Eastern Bavaria for EUR 40 mln. The retail property was acquired on behalf of Hahn's EUR 350 mln FCP-FIS-German Retail Fund for institutional investors. The closing took place on 30 December.

Built in 2007, the asset provides 22,300 m2 of retail space housing a hypermarket operated by Kaufland Dienstleistung, as well as Deichmann, Takko and Rossmann stores. The centre boasts an average remaining lease term of over 15 years.

Angermann Investment Advisory advised the buyer.