Salling Group has put Lollands Centret shopping center in Maribo up for sale after owning it for nearly 20 years. The property is listed at 36 million Danish kroner. The center spans just over 4,000 square meters and currently houses 13 commercial tenants.
The retail group will maintain its presence in the center through Netto. The discount supermarket chain signed a ten-year non-cancellable lease agreement.
Kim Fuglsang, property director at Salling Group, explained the company wants to focus on its core operations. He said the center shows strong performance with a solid tenant portfolio. The long-term Netto agreement makes this the right time for new ownership to take over development.
Current tenants include Matas drugstore, Kop & Kande household goods, Bog & Idé books and gifts, and Maribo Pharmacy. The property broker confirmed the center is fully leased.
Local development prospects are strengthening due to the Fehmarn Belt fixed link construction. This massive infrastructure project connecting Denmark and Germany is expected to boost local population, purchasing power, and investment interest.
Salling Group operates several major retail chains including Netto, Føtex, and Bilka supermarkets. They also run BR toy stores and Salling department stores. The company holds franchise rights for Starbucks, Carl's Jr., and Hugo Boss in Denmark.
The company recently announced plans to acquire Baltic grocery chain Rimi. This move will expand their operations into Estonia, Latvia, and Lithuania. Salling Group already runs Netto stores in Germany and Poland.
The sale represents a strategic shift toward core retail operations while capitalizing on strong commercial property values. The guaranteed long-term anchor tenant makes this shopping center an attractive investment despite its provincial location.