A subsidiary of Ravensburg-based Monvue Holding GmbH, the real estate investment arm of the Ravensburg-based Schulz Group, acquired 100% of the Lindaupark property from Feneberg Grundstücksgesellschaft GmbH & Co KG at the end of February as part of an asset deal.

Monvue has thus expanded its real estate portfolio, which consists mainly of commercial, retail and residential properties in the Lake Constance/Upper Swabia region, with another attractive property that is particularly well known in the eastern Lake Constance area. Covering almost 20,000 square meters, Lindaupark offers customers from the entire four-country Lake Constance region a wide variety of shopping opportunities in a highly attractive location in terms of infrastructure.

Lindaupark, which has been successfully managed and developed by the previous owners since it opened in 2000, will continue to be developed as planned under the new owner. As part of this, the property will initially be refurbished and modernized until the end of 2025.

The management and administration of the property will continue to be the responsibility of Schneckenburger OPM GmbH and its Managing Director Michael Schneckenburger, who has played a key role in the development of Lindaupark together with the previous owner for many years. In this context, Monvue sees itself as a long-term investor with the aim of enabling the Lindaupark to develop in a future-oriented manner so that customers in the eastern four-country region of Lake Constance will have even more attractive shopping and experience opportunities.

The acquisition is subject to the city of Lindau not exercising its right of first refusal.