26 February 2019: Aprirose, the real estate investment company, has sold the Baby Walz HQ in Germany, to Deutsche Industrie REIT-AG for €28.15 million.
Baby Walz, owned by Versandhaus Walz, is the multi-channel retailer and German market leader for maternity and baby clothes and accessories. The headquarters in Bad Waldsee, south of Baden-Württemberg, is Baby Walz’s main office and distribution hub.
The Baby Walz HQ is comprised of eight principle buildings, which include office, retail and warehouse accommodation, totalling 46,350 sq. metres. Baby Walz is connected to strong transport routes, linking it to major German cities.
Manish Gudka, CEO at Aprirose, said: “We are pleased to have sold the Baby Walz HQ to Deutsche Industrie REIT-AG which is in line with our business plan for this investment. Whilst we mainly continue to grow our real estate portfolio in the UK, we are also considering other European cities where the investment case makes for a compelling opportunity for our investors.”
Aprirose was advised by Waterway Investments.