25 April 2018
Union Investment sells Chinon Center in Hofheim am Taunus to Patrizia
Union Investment has sold the 14,800 sq m Chinon Center retail property in Hofheim am Taunus to Patrizia Immobilien AG. Completed in 2010, the complex includes a car park with 455 spaces across three levels and has been held by open-ended real estate fund Unilmmo: Europa since it was acquired in 2011. The sale price was not disclosed. Savills advised Union Investment on the transaction.
Major tenants in the Chinon Center include food retailers Edeka and Lidl, health and beauty chain Müller, Woolworths, and fashion retailers H&M and Deichmann. The shopping centre is located on the main B519 trunk road and is directly adjacent to the Hofheim am Taunus civic centre and town hall. The town’s railway station is only some five minutes’ walk from the Chinon Center and provides fast access to Frankfurt and other destinations.