Berlin Investor Propetti Acquires Prime Retail Property in Verden, Germany
A significant investment has been made in the Verden city center as Berlin-based Propetti Investment Holding has purchased a mixed-use property in a prime pedestrian zone location. The acquisition, completed on February 21, 2026, signals continued confidence in the attractiveness of Verden’s retail landscape.
Strategic Acquisition in a Thriving City Center
The property, located in Verden’s Norderstadt, encompasses approximately 3,500 square meters (37,674 square feet) of rentable space. Woolworth serves as the anchor tenant, alongside the established textile retailer, Textilhaus Dieler. The building too includes approximately 1,200 square meters (12,917 square feet) of residential space and its own parking deck accessible from Stifthofstraße.
Propetti’s “Buy and Hold” Strategy and Growing Portfolio
Propetti Investment Holding, led by Jörn Feikert and Thorsten Stoll, is employing a “buy and hold” investment strategy, focusing on sustainable real estate products and long-term portfolio management. This is not Propetti’s first investment in Verden, though previous ventures were on a smaller scale. The company currently manages a portfolio of 750 properties with a total value exceeding four billion euros, having completed transactions involving over 200 properties with a total investment of over two billion euros.
Woolworth as a Key Tenant and Expansion Strategy
This Verden acquisition marks Propetti’s third property featuring Woolworth as an anchor tenant, following similar investments in Nordenham and Erfurt. Feikert highlighted the success of the Woolworth concept and a strong working relationship with the retailer. The large, contiguous retail space – a relatively rare find in established city centers – was also a key factor in the decision.
Positive Signal for Verden’s Economy
Local economic development officials view the investment as a positive indicator of Verden’s continued appeal. The city boasts a high level of purchasing power, exceeding the national average by approximately 27 percentage points in terms of retail centrality, and a 33 percent higher turnover rate than the national average. This makes Verden a competitive retail destination despite competition from nearby shopping centers.
Recent Investment Trends in the Region
The Propetti acquisition follows a recent expansion of the Fachmarktzentrum (specialty retail center) near Johanniswall, demonstrating a pattern of significant investment in Verden’s city center. Previous ownership of the property included Aldi and an investor from the Münsterland region.
The Rise of Strategic Retail Investment in Germany
Propetti’s investment in Verden reflects a broader trend of strategic retail property acquisitions in Germany. Investors are increasingly recognizing the value of well-located properties with strong anchor tenants, particularly in cities with robust local economies and high consumer spending.
Focus on Mixed-Use Developments
The inclusion of residential space within the Verden property highlights a growing trend towards mixed-use developments. These projects offer diversification and resilience, combining the stability of residential income with the potential of retail growth.
The Importance of Location and Accessibility
The property’s location in Verden’s pedestrian zone and its dedicated parking deck underscore the importance of accessibility and convenience for retail success. Properties with these features are particularly attractive to investors.
FAQ
Q: Who is Propetti Investment Holding?
A: Propetti Investment Holding is a Berlin-based investment firm specializing in commercial real estate, with a portfolio exceeding four billion euros.
Q: What is the size of the property acquired in Verden?
A: The property encompasses approximately 3,500 square meters (37,674 square feet) of rentable space.
Q: Who are the main tenants of the property?
A: Woolworth and Textilhaus Dieler are the primary tenants.
Q: What is Propetti’s investment strategy?
A: Propetti employs a “buy and hold” strategy, focusing on long-term ownership and sustainable real estate.
Q: Why is Verden considered an attractive investment location?
A: Verden has a high level of purchasing power and a thriving retail sector, exceeding national averages.
Did you know? Verden’s retail centrality is approximately 27 percentage points above the national average.
Pro Tip: When evaluating retail investment opportunities, prioritize properties in well-established pedestrian zones with strong anchor tenants and convenient access.
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