Arbireo acquires Netto store in Lauchhammer, Brandenburg
Arbireo Capital AG has acquired a retail property in Lauchhammer in the federal state of Brandenburg from a well-known German property developer. The seller had retained the experts of Winters & Hirsch to market the property.
Completed in Q4 2018, the Netto Marken-Discount store is located in Lauchhammer‘s prime retail location. The address is Mückenberger Straße 3, 5 / Wilhelm-Pieck-Straße.
Lauchhammer has around 15,000 residents and is situated in the rural district of Oberspreewald-Lausitz in Brandenburg. As for road links, the town benefits from the nearby A13 motorway. The capital of Saxony, Dresden, is just an hour away by car.
The store has around 1,487 sqm of lettable space, including around 1,1019 sqm of sales space. Covering approx. 5,500 sqm, the plot accommodates around 75 parking spaces.
The tenant, Netto Marken-Discount AG & Co. KG, has taken out a 15-year lease with a 3/5 years renewal option.
Winters & Hirsch had been instructed by the seller to market the property and also advised the buyer on the transaction.
The notarisation of the purchase contract was performed by Dr. Börgers, notary public in Berlin.
The parties have agreed not to disclose the purchase price.