PORTFOLIO: FUND III

Walzmuehle (Ludwigshafen)

36,000 sm shopping center in Ludwigshafen (Rhein)

In July 2015, ASG acquired the “Walzmuehle” shopping center in Ludwigshafen which needs an active asset management turnaround. “Walzmuehle”, consists of a historic building from 1906 and a newly built section with retail, a food court and movie theater.

ASG plans to reconfigure the mall through a capital expenditure program to optimize the tenant base and appeal to the local market. With a strong cash flow and high potential for repositioning this is a good investment for Fund III.

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