London – ESTAma announces that is has been appointed as the sales agent on behalf of Global Mutual, a European and U.S. real estate investment and asset manager, to sell some well-located, long-let automotive service assets leased to A.T.U.
ESTAma will be marketing the properties for sale individually as well as in portfolios in the course of 2021 with a first marketing phase having started this week. All interested parties should register their interest with ESTAma’s Investment Team based in London and Frankfurt.
The properties are in medium to large cities in highly visible locations on arterial roads, highway junctions or established commercial parks. The tenant A.T.U often benefits from complimentary retailers as well as major brand car showrooms. The investment opportunities are underlined by the sites’ excellent third use potential including other car services, fast food, hotels, offices or last mile logistics.
Christian Bodtke, Head of Investment Agency at Estama explains that “the very good locations of the properties paired with the long-term leases to A.T.U – Germany’s market leader in auto repair shops and after sales service – have already proven very popular with local investors in initial conversations and we have already agreed a number of off-market sales in the last few weeks.”
© David Kyei