London & Capital's Ralph Weichelt has increased exposure to retail warehousing to further diversify ...
London & Capital's Ralph Weichelt has increased exposure to retail warehousing to further diversify risk on the portfolio. The fund manager has made an investment in the Stralsund area for €12.4 taking assets under management to €416m. Weichelt made the acquisition as retailers have been drawn to the strong catchment in the town, which has a resident population of 58,000 and is a popular tourist destination. The property covers 26,000m2 and is currently serving as a garden centre. It is let to one of the largest DIY and garden centre retailers in Europe for six years. Rental income ...
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