AEW Europe, one of the world’s largest real estate investment and asset managers [1], announces the acquisition of a high quality supermarket in Frankfurt, Germany, which is fully let on a long-term lease to REWE.
Completed in 2017, the modern and highly efficient retail property comprises c. 3,100 sqm of space fronted by 90 car parking spaces. It benefits from strong long-term income security, offering an average remaining lease term (WAULT) of approximately 11 years.
REWE, which has occupied the property since 2017, is one of Germany’s leading food retail chains, operating more than 3,800 stores across Germany, offering a broad range of products and services.
Originally established as a retail location in 1972, the asset is located in the western part of Frankfurt’s Eckenheim district, approximately 5km northeast of the city centre. Positioned between Jean-Monnet-Straße and Karl-von-Drais--Straße, the asset is strategically positioned on a key access route to the A661 motorway and is the only full-range supermarket in a catchment area serving a population of approximately 45,500 inhabitants.
AEW Europe currently manages a portfolio comprising a total of 2.3 million sqm in Germany across retail, logistics, and office assets, and has a long-standing track record in the retail sector, managing over 110,000 sqm in Germany and a total of 1.8 million sqm across Europe .
Tobias Schnurer, Executive Director Investments Germany at AEW Europe, commented: “This acquisition of a resilient, long lease supermarket retail asset which has a strong track record of performance delivers income security and consistent returns underpinned by an investment-grade tenant. This transaction perfectly reflects our strong market presence and execution capability, as well as our long standing research led conviction for high quality retail assets. Moving forward, we are focused on building on this momentum and are actively pursuing a pipeline of additional high-quality properties across a mix of asset classes and locations.”
For this transaction, AEW Europe was advised by Rotthege, Luther, TA Europe and Blank Real Estate.
Photo credit: ©Blank Real Estate
[1] Source: 2025 IRE.IQ Real Estate Managers Guide”. The Guide, published annually by Institutional Real Estate, Inc., ranks real estate managers based on the gross value of real estate AUM ($m) as of December 31, 2024.
About AEW
AEW is one of the world’s largest real estate asset managers, with €74.2 billion of assets under management as at 31 March 2026 [1]. AEW has over 815 employees globally, with its main offices located in Boston, London, Paris and Hong Kong and offers a wide range of real estate investment products including comingled funds, separate accounts and securities mandates across the full spectrum of investment strategies. AEW represents the real estate asset management platform of Natixis Investment Managers, one of the largest asset managers in the world.
As at 31 March 2026, AEW managed €35.8bn of real estate assets in Europe on behalf of a number of funds and separate accounts. AEW has over 510 employees based in 11 offices across Europe and has a long track record of successfully implementing Core, Value-Add and Opportunistic investment strategies on behalf of its clients. In the last five years, AEW has invested and divested a total volume of over €13bn of real estate across European markets.