Union Investment has sold the Eidelstedt retail park in Hamburg to the LHI Group, headquartered in Pullach im Isartal, for €50 million. The property, part of their UniInstitutional European Real Estate fund since 2007, was a stable asset generating consistent rental income for nearly 17 years. The sale highlights the strong market for grocery-anchored retail properties and Union Investment's strategic portfolio management. Built in 1967 and renovated in 2005, the retail park spans 14,672 square meters and is fully leased to EDEKA. The transaction was brokered off-market by JLL with legal and technical advisories from Mohrle Happ Luther, Heuking, Noerr Partnergesellschaft mbB, and WITTE Projektmanagement GmbH.