Acquisition
Contact
Miles Stephenson, Tel. +49 (0) 174 289 8772
Garigal is a skilled and proven purchaser of single properties or portfolios. Garigal and its partners have acquired over 60 properties, in over 30 separate transactions. Garigal continues to be an active buyer on behalf of our institutional partners.
Garigal’s self-funding capital recycling model necessitates the sale of properties, the majority of which are located in top demographic markets.
Acquisition Criteria
Preferred Property Types
Stabilized neighborhood or community centers anchored by best-in-class grocers and other national retailers. These stabilized properties will have high barriers to entry and demographic profiles that meet or exceed the national averages. Additionally, Garigal looks to acquire centers that offer the potential to enhance property revenue through expansion, remerchandising, or redevelopment.
Size
Prefer larger transactions -- no maximum euro amount. Typical minimum transaction size is €10,000,000.
Location
Garigal seeks to acquire centers located in Major Metropolitan Areas throughout Europe.
Key Buying Characteristics
- All cash buyer
- Experienced, in-house due diligence team facilitates quick close
- Proven track record with large portfolio purchases and one-off transactions
- Able to assume existing financing
