Overview
x+bricks invests in grocery-anchored properties in Germany. As a long-term property owner, the positive and sustainable value development of our portfolio is one of our most important goals – a distinctive sector competence, the intensive dialog with our tenants, efficient management processes as well as the control with a sophisticated data model help us to achieve this (read more in our strategy section).
In only three years after its foundation in 2018, the company has created a portfolio with over 200 properties valued at around EUR one billion. The company already secured an addition growth pipeline of around EUR 1.1 billion.
x+bricks has classified certain key measures to increase the value of the portfolio:
WALT (“weighted average release terms”) prolongation across various assets
Value-enhancing partnerships, e.g., strategic disposals, lease extensions
Efficiency improvements of rental contacts and cost structures
Supporting retailers in remodeling stores spaces and developing click-and-collect-facilities
Adding revenue streams by implementing solar systems and electro gas stations throughout the portfolio as well as establishing onsite outlets for delivery services (find more information in our sustainability section)
Acquisition Profile
x+bricks acquires grocery-anchored real estate in Germany as individual properties or as portfolios.
Supermarkets / Hypermarkets | Discounter | Retail Parks | |
Excellent location | from 2,500 inhabitants | from 2,500 inhabitants | from 10,000 inhabitants |
Rental space | at least 1,100 m² | at least 1,000 m² | at least 5,000 m² |
Property | at least factor 3 of the rental space (only applies to stand-alone locations, integrated urban locations can also only show a factor of 1.5) | at least factor 3 of the rental space (only applies to stand-alone locations, integrated urban locations can also only show a factor of 1.5) | at least factor 2.5 of the rental space (only applies to stand-alone locations, integrated urban locations can also only show factor 2) |
Lease term | at least two more years | at least two more years | at least two more years |
Tenants | Edeka Group, REWE, HIT Group, Kauflandl | Edeka Group, REWE, Aldi, Lidl | With good credit rating |
Further specifics | - | - | Max. 2 levels |
