IC Immobilien Group concludes early ten-year lease extension with coop

The IC Immobilien Group has signed an early lease extension with its anchor tenant, coop eG, at the property it manages at Rudolf-Breitscheid-Straße 91/ Carl-Leuschner-Straße 1 in Friedland. The new lease agreement runs for a period of ten years from December 2017 and includes an option to extend the lease for a further five years. The extended lease also includes an agreement for an extensive modernisation programme to be undertaken by the property's operator.

Melanie Heller, the IC Immobilien Group's Lettings Director stressed: “In terms of the property as a whole, coop eG is an extremely important tenant  and our other tenants also stand to benefit from this lease extension.” The retail cooperative complements the overall tenant mix, which includes a job centre and a range of other retailers, such as Ernsting’s Familiy and KiK. Built in 1994, the building has a total of 5,675 square metres of leasable space, of which the coop eG rents 1,566 square metres. The commercial property is located in central Friedland. The surrounding area contains a wide range of service-sector companies and restaurants.

The Kiel-based coop eG is Germany's largest food retail cooperative socie-ty. The company has more than 9,000 employees and operates almost 200 sky supermarkets and plaza garden centres in Hamburg, Mecklenburg-Vorpommern, Niedersachsen, Schleswig-Holstein and Brandenburg.