MEAG and IC Immobilien Gruppe extent existing lease agreement for approx. 2,600 square metres with MÜLLER

MEAG, in collaboration with its property manager, IC Immobilien Gruppe, has concluded a long-term extension to the lease agreement with the drugstore chain MÜLLER for approx. 2,600 square meters in the “Einkauf-Insel” shopping centre in Weil am Rhein. The owner is MEAG German Super Stores, a specialised fund with which institutional investors can profit from the earnings potential of retail parks.

The shopping centre was completed in 2006 and has a leasable area totalling approx. 13,000 square metres of retail areas and office space, as well as 400 car parking spaces. Among the tenants are a full-range retailer and a discounter. The property is located at Hauptstraße 333–339 in Weil, just a few minutes’ walk from the River Rhine and the German-Swiss border. Various bus and tram stations are within easy walking distance.