OBI HQ & Flagship Store

Location: Austria
Project Type: Fund Management

About this Project

  • Acquired as part of Rock Capital Group’s APFE Fund based out of The Netherlands
  • Fund set up to acquire single tenant long term leased real estate up to €500Mn
  • OBI Headquarters was initial seed acquisition acquired for ca €100Mn
  • Part of a wider portfolio of 9 assets in Austria and Slovakia
  • Cash on cash return of ca 9%
  • 10% uplift in value over first year
  • Recent extension of lease to 16 years unexpired

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