OBI DIY and Garden Centre in Grimma sold to pension fund based in Frankfurt

Winters & Hirsch has advised a Berlin-based Family Office on the sale of an OBI DIY
and Garden Centre in the Saxon town of Grimma (rural district of Leipzig) to a German
pension fund from Frankfurt.

The top-selling OBI store with a long-term lease is located on the corner of
Hengstbergstraße 2 and Wurzener Straße on the Nord I Hengstberg commercial estate.

Situated on the much-frequented trunk road B 107 and close to the A 14 motorway
(entry Grimma), the store enjoys easy accessibility.

Completed in 1997, the OBI outlet has approx. 13,427 sqm of lettable space.

The plot covers some 31,000 sqm and accommodates around 385 parking spaces.

With around 28,480 residents, the large district town of Grimma is the most populous community in the district. Grimma benefits from excellent infrastructure. The motorway
ensures fast road links to the cities of Leipzig and Chemnitz.

Winters & Hirsch had been retained by the seller as the sole agent to market the property
and also advised the buyer on the transaction.

The parties have agreed not to disclose the purchase price.

Luxembourg investor acquires two mixed-use office and retail buildings in Chemnitz

Winters & Hirsch has advised a closed-end real estate fund based in Berlin on the sale of
two mixed-use office and retail buildings at Neefestraße 40, 42 in Chemnitz to an institutional investor from Luxembourg. The 1996 buildings are situated in the town’s Kappel area.

The properties Neefestraße 40 and 42 sold at 9.5 times the net annual rent. The parties
have agreed not to disclose further details of the purchase price.

The building Neefestraße 40 has approx. 698 sqm of retail space on the ground floor and approx. 2,475 sqm of office space distributed over four upper floors.

The building Neefestraße 42 has approx. 700 sqm of retail space on the ground floor and approx. 2,486 sqm of office space distributed over four upper floors.

Both properties combined have 31 units on approximately 6,358 sqm of floor space. The vacancy rate at the time of sale was around 14.9 per cent.

The buildings come with grounds totalling approximately 4,638 sqm. The plot and the basement parking garage hold around 140 spaces.

Besides acting for the seller with an exclusive mandate, Winters & Hirsch also advised the buyer on this transaction.

Prof. Dr. Neumann Nasdal Wegner Lawyers and Notaries have represented the seller. The buyer was represented by the law firm Heuking Kühn Lüer Wojtek.

Winters & Hirsch advises on sale of mixed-use residential and retail building with Rossmann store in Krefeld

The Berlin real estate agent Winters & Hirsch has exclusively advised a Berlin-based wealth management firm on the sale of one of their properties, this time a mixed-use residential and retail building in the city of Krefeld in North Rhine-Westphalia. The property went to a private investor from Kleve.

The property’s address is Schulstraße 4, 6 in Krefeld’s Hüls area. Dirk Rossmann GmbH, the operator of a German-wide drugstore chain, is the anchor tenant on the premises.

The three-storey building, constructed between 1984 and 1985, features eight residential units and two retail units on approximately 1,291 sqm of rental space. The grounds cover around 1,106 sqm and hold three parking garages and four additional parking spaces.

The mixed-use property enjoys a prime location in the Hüls area, directly opposite the marketplace with the historical town hall and the head office of the Sparkasse Krefeld.

Besides the exclusive sales mandate from the seller, Winters & Hirsch also advised the buyer on the transaction. This latest transaction marks the sale of the last of the seller’s three properties in North Rhine-Westphalia, each concluded in 2017.

The parties have agreed not to disclose the purchase price. The Berlin team of Baker Tilly advised the seller on tax issues.

Winters & Hirsch advises on sale of retail property in Hohenstein-Ernstthal (Saxony)

The Berlin real estate agent Winters & Hirsch has brokered the sale of an approx. 12,600 sqm development site in Hohenstein-Ernstthal (rural district of Zwickau) in the German state of Saxony to a property developer from Berlin. Seller of the property Am Bahnhof 2-5 is an affiliate company of a listed public company.

Close to the city centre, the property features a vacant, approx. 4,000 sqm office building earmarked for demolition to make way for new development.

The buyer plans a brand-new specialist retail centre with approximately 4,000 sqm of supermarket space. A German retail group has already bought the project off-plan as owner-occupier.

Hohenstein-Ernstthal is located directly on the A4 motorway, near the cities of Gera and Chemnitz. The district town of some 15,000 inhabitants is best known for its motor racing course, Sachsenring, which hosts the German race of the MotoGP, among other events.

Acting on instruction from the seller to market the property, Winters & Hirsch also advised the Berlin buyer on the acquisition.

The parties have agreed not to disclose the purchase price.

Deutsche Konsum REIT-AG acquires Penny discount food store in Kelbra

Real estate agent Winters & Hirsch has advised a private investor from Hamburg on the sale of the retail property Jochstraße 2 / Storkeyplatz in Kelbra, a town of around 3,500 in the rural district of Mansfeld-Südharz in Saxony-Anhalt, to Deutsche Konsum REIT-AG.

The discount food store is currently the only food store in the town centre. The tenant is Penny-Markt GmbH (Rewe Group).

The 1993 structure lies in an urban conservation area and has approximately 930 sqm of floor space, including 700 sqm of sales space. The plot covers around 1,000 sqm.

Idyllically located near the Kelbra Dam and the Kyffhäuser Monument, the town draws numerous tourists and daytrippers.

Winters & Hirsch had been instructed by the seller to market the property and also advised the buyer on the acquisition.

The parties have agreed not to disclose the purchase price.

 

Deutsche Konsum REIT-AG acquires Luisen-Center in Hettstedt

The real estate agent Winters & Hirsch has advised a private investor from Hamburg on the sale of a mixed-use residential, office and retail building in Saxony-Anhalt to Deutsche Konsum REIT-AG.

The property, the Luisen-Center, is situated at Luisenstr. 18 a-k / Am Plattenberg in Hettstedt in the rural district of Mansfeld-Südharz (Saxony-Anhalt). A town of approx. 15,000, Hettstedt is located in the eastern foreland of the Harz Mountains, approx. 40 km northwest of Halle (Saale). Formerly a centre of the copper mining industry, today, the local economy is mainly driven by non-ferrous metallurgy today.

Anchor tenant with approx. 894 sqm is the Penny-Markt GmbH (Rewe Group). The fully occupied property has eight retail units, five office/practice units and four residential units distributed over 2,780 sqm of floor space.

Completed in 1995, the Luisen-Center lies in the urban conservation area ‘Ortskern Hettstedt‘. The centrally located corner plot has approximately 5,146 sqm.

Acting on instruction from the seller to market the property, Winters & Hirsch also advised the buyer on the acquisition.

The parties have agreed not to disclose the purchase price.

RATISBONA Handelsimmobilien acquires Heide-Center in Schwarzheide – Winters & Hirsch advises

Regensburg. RATISBONA Handelsimmobilien, the East Bavarian retail property specialist, has added the specialist retail centre Heide-Center at Schipkauer Str. 13 in Schwarzheide (German state of Brandenburg) to its portfolio in July 2017. Seller is the Berlin-based open-end real estate fund IF Immobilien Verwaltungs GmbH & Co. Anlage KG.

The parties have agreed not to disclose the purchase price.

Completed in 1996, the Heide-Center has approximately 10,422 sqm of rental space. Around 9,309 sqm of the fully occupied premises have been dedicated to retail space. Offices and a gymnasium occupy the remainder of the floor space.

REWE, ALDI, Rossmann, TEDI, Ernsting`s Family, and Hammer are the main tenants on the premises.

The grounds cover approximately 26,000 sqm and include a car park with 320 spaces. The specialist retail centre benefits from its immediate proximity to BASF Schwarzheide GmbH, the largest employer in the region. In addition, the adjoining commercial estate, Gewerbegebiet Süd, is home to numerous smaller companies. The infrastructure is also on the plus side. The A13 motorway (entries Schwarzheide and Ruhland) is only a short drive. The motorsport circuit EuroSpeedway Lausitzring is situated north of Schwarzheide.

The buyer, Regensburg-based RATISBONA Handelsimmobilien, is among the leading developers of food stores. Some 30 years ago, the company started focusing on the conception, development, realisation, marketing and management of food stores and specialist retail centres. Over the years, the acquisition and revitalisation of property stock have become another core area of expertise. Since being established in 1987, RATISBONA has realised around 1,150 properties in Germany and abroad.

 

Centerscape acquires high-street store near Hackescher Markt in Berlin

The real estate agent Winters & Hirsch has advised Centerscape on yet another acquisition, this time a high-street store in a historical area of Berlin, Spandauer Vorstadt. The seller is the Berlin-based United Land GmbH.
The store is located in the mixed-use residential and retail building Oranienburger Str. 12 in the district of Mitte and has approximately 206 sqm. The tenant is G-Star RAW. The Oranienburger Straße store had been the first store of the Dutch retail chain, which specialises in exclusive designer fashion, in Berlin.
The listed property Oranienburger Straße 12 was built in 1884 and modernised in 2003.
The parties have agreed not to disclose further details, including the purchase price.
The transaction marks the first acquisition of a high-street property for Centerscape in the Greater Berlin area. Established in 2007, the company has built an impressive real estate portfolio of 155 assets, including 14 in Greater Berlin. The portfolio represents a total investment volume of currently around 685 mn euros. Centerscape’s team of 60 focuses on the further growth of the company, acquiring up-market retail properties in Germany, Poland, and the Czech Republic. Properties in prime retail locations and at busy road junctions, retail buildings and ground floor retail units occupied by fashion retailers, pharmacies, organic supermarkets, banks, and restaurants, among others, are all part of the company’s investment profile.
The purchase contract was notarised by notary Dr. Volker Dickersbach of Neumann + Dickersbach, Berlin.
The Berlin law firm Fuhrmann Wallenfalls represented the seller. The buyer was represented by Wirtschaftskanzlei GSK Stockmann.

 

 

Centerscape snaps up EDEKA store in iconic SAPPHIRE building in Berlin

Centerscape has acquired the 13. property in the region. The latest acquisition, a retail unit on the ground floor of the SAPPHIRE in Chausseestraße, comes with a long-term lease contract with EDEKA, the food retailer.

The seller was a joint venture of two Berlin property developers, econcept and Minerva.
Winters & Hirsch has successfully advised on the sale.

The property Chausseestr. 43 / Schwartzkopffstraße 1 lies in Berlin’s Mitte district, opposite the new headquarters of the Federal Intelligence Service.

Completed in February 2017, the SAPPHIRE is of particular architectural importance for the Mitte district and Berlin. It is the first residential building by New York star architect Daniel Libeskind in Germany. The silver-bluish ceramic-titanium facade and the asymmetric cubature lend a whole new quality to the Chausseestraße area. A unique residential and retail building, the SAPPHIRE is a landmark resembling the cutting and sparkle of a sapphire.

The new building has 73 condominiums, including penthouse apartments. The retail unit on the ground floor sold by Winters & Hirsch has around 1,100 sqm. The basement parking garage holds 32 cars.

The parties have agreed not to disclose the purchase price.

Centerscape was advised on legal matters by the law firm Bissel + Partner, based in Erlangen.

Established in 2007, the company has built an impressive real estate portfolio of 155 assets, including 14 in Greater Berlin. The portfolio represents a total investment volume of currently around 685 mn euros. Centerscape’s team of 60 focuses on the further growth of the company, acquiring up-market retail properties in Germany, Poland, and the Czech Republic. Properties in prime retail locations and at busy road junctions, retail buildings and ground floor retail units occupied by fashion retailers, pharmacies, organic supermarkets, banks, and restaurants, among others, are all part of the company’s investment profile.

RATISBONA acquires Netto store in Krefeld

Real estate agent Winters & Hirsch has exclusively advised a Berlin wealth management firm on the sale of a retail property in Krefeld (North Rhine-Westphalia) to RATISBONA.

Completed in 2003, the 930 sqm discount food store, a Netto Marken-Discount, is located at Mühlenweg 20-22 in Krefeld’s Hüls area.

The plot has approximately 4,013 sqm and accommodates around 82 parking spaces.

RATISBONA plans to revitalise the property in the medium run.

Besides acting for the seller with an exclusive mandate, Winters & Hirsch also advised the buyer on the transaction.

The parties have agreed not to disclose the purchase price.

The Berlin team of Baker Tilly Roelfs has advised the seller on tax issues.