In June 2020, The SCP Group acquired from Metro AG the assets and operations of real, a major German food retailer. The restructuring business plan takes into consideration all stakeholders’ interests, aiming at long-term solutions for as many store operations as feasible, including the transfer of most lease agreements, employees and operating assets to other retailers. The acquired core real estate assets will be repositioned by investing a substantial amount of money in the aged buildings while the non-core properties will be sold.
The SCP Group in 2018 seeded x+bricks, a wholly-owned, real estate investment platform that targets food-anchored retail property portfolios across Germany. x+bricks recently acquired five portfolios, consisting of 36 properties, in deals totaling roughly €300 million. Key tenants include Lidl, Kaufland, Toom, OBI, Rewe, Edeka and Netto.
Created in 2016, Highstreet Prime II is an investment club jointly advised by The SCP Group and German-listed real estate investment firm, CORESTATE. The club, in 2016, acquired two high quality, mixed-use real estate assets in Flensburg and Lubeck. Key tenants include Saturn, TK Maxx, McFit, Holmes Place and APCOA.
In 2016-2017, The SCP Group took significant minority investments in three German corporations: Siblitz Group, Ambulantis and Gienanth.