On Dortmund’s most popular shopping street, Westenhellweg, Art-Invest Real Estate has acquired a 12,200 m² commercial building. The long-term main tenants of the mixed-use property include H&M and Lush. With this purchase, Art-Invest Real Estate is strengthening its portfolio of inner-city retail properties with value-added potential.
|Location:||Westenhellweg 11-13, Dortmund; city centre|
|Parking slots:||130 underground parking spaces|
|Use:||Retail, Gastronomy, Office, Living, Practise|
|Acquired in:||Q4 2017|
WESTENHELLWEG IN DETAIL
One of the most popular shopping streets
Westenhellweg in Dortmund is one of the ten most frequented shopping streets in Germany – and has been for several years. By upgrading the quality of stay in the adjacent areas (Kampstraße and Netanya Square) by the City of Dortmund, a pleasant shopping experience will also be ensured in the future.
With this investment, Art-Invest Real Estate strengthens its managed fund, which focuses on investments in inner-city retail properties. Due to the Corso-Passage, which runs through the entire building, the property has enormous potential for value creation. The use of retail, gastronomy, office, medical practices and apartments guarantee a diverse and sustainable mix.
Historical all along the line
The name Hellweg is translated as light and wide path. In Dortmund this is a more than 5,000 year old street from pre-Roman Germanic times. Hellweg was already the most important street in Dortmund at that time and led from the historic east gate to the west gate.