Osborne Clarke advises VK Immobilien on the acquisition of an EDEKA store in Swisttal

Osborne Clarke has provided legal advice to the VK Immobilien Group, a subsidiary of the pension funds KZVK and VKPB based in Dortmund, on the acquisition of an EDEKA store in Swisttal by way of an off-market transaction. The property comprises around 2,600 square metres of lettable area and approximately 100 parking spaces; the head lease with EDEKA has a remaining term of more than 13 years. The parties have agreed not to disclose the purchase price.

The supermarket was opened at the end of 2024 and is firmly embedded in the local retail supply network. EDEKA had already been present in Swisttal and, in the course of the project development, relocated its existing store to the now acquired property. The asset is located within an established retail environment, including an ALDI, a Rossmann and a drinks store, and thus benefits from established customer footfall and a stable local convenience retail structure.

With this acquisition, the VK Immobilien Group is continuing the strategy it has pursued for around 20 years of investing in long-term let, sustainably positioned retail properties in good locations. The focus is on stable cash flows, reliable lease terms and an asset profile that already meets key ESG and energy transition criteria.

Comprehensive advice on the off-market transaction 

Osborne Clarke advised VK Immobilien on all real estate and contractual aspects of the off-market transaction. The advice covered, in particular, the legal structuring of the acquisition, the review and negotiation of the purchase agreement as well as the due diligence on tenancy matters, planning and construction law issues and the public-law framework conditions of the site. 

The Osborne Clarke team that advised the VK Immobilien Group, led by Rüdiger Bonnmann (responsible partner), consisted of Dr. Mareike Klopp, Maria Bibik (all Real Estate) as well as Florian Merkle and Nicole Lucks (both Tax).