Hamburg, 21. March 2023 – OBI, the DIY expert in Germany and Europe, and redos, an investor, asset and fund manager specialising in large-scale retail properties, are deepening their collaboration and extending the leases for ten retail properties. The retail properties are located in Arnsberg, Bad Segeberg, Bannewitz, Bielefeld, Dreieich, Emden, Hannover-Laatzen, Kassel, Leverkusen and Wiesbaden. The portfolio covers a total rental area of around 115,300 m2.

The three largest OBI markets rented by redos are located at Eckendorfer Str. 222 in Bielefeld (approx. 15,900 m2), Friedrich-Bergius-Strasse 20 in Wiesbaden (approx. 14,000 m2) and Lüneburger Str. 24 in Hanover-Laatzen (13,600 m2).

“The extension of the leases almost across the board is a strong signal in an economically challenging time. With this, OBI is making a clear statement for the stationary retail trade and is making an impressive commitment to the locations,” says Stephan Tscharntke, Director | Leasing at redos. “We are very confident that we will be able to announce positive news about further OBI shops in the near future.

“In addition to the digitalisation of our services, stationary trade is and remains our key business. We are looking forward to continuing to make ‘everything feasible’ for our customers in the ten stores rented from redos in the future. With redos, we have a reliable partner at our side and look forward to continuing our cooperation,” says Peter Tepaß, Chief Officer CE at OBI and Spokesman of the Board of the DIY, Construction and Garden Trade Association (BHB).

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About redos

The redos Group, headquartered in Hamburg, is one of the leading independent retail property specialists, focussing on the areas of investment, asset management, fund management, redevelopment, leasing and advisory business. As an investor and active asset manager, the company covers the entire value chain for large-scale retail properties – for hybrid and conventional shopping centres, retail parks and hypermarkets. redos serves all risk classes and offers every type of investment vehicle for institutional investors. In addition to acting as a co- investor, the company has excellent tenant access and extensive revitalisation expertise. redos can look back on a long track record in the field of restructuring and value optimisation. The retail property specialist currently manages a retail real estate portfolio worth around €3.7 billion at 111 locations throughout Germany. redos manages a total of more than 1.55 million m2 of rental area. With its property database ROB, the company has access to detailed information on around 18,000 retail locations throughout Germany.