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.

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.

S-Immo AG from Vienna snaps up mixed-use residential and retail building in Leipzig

The Austrian S-Immo AG has bought a mixed-use residential and retail property in the major city of Leipzig in Saxony.

The seller, an unnamed private investor from Munich, had retained Winters & Hirsch to market the property as the sole agent.

The listed corner property in Leipzig’s Reudnitz-Thonberg area was built circa 1880 and underwent extensive refurbishment in 1994. The address is Volckmarstraße 1 / Harnackstraße.

The building comprises 18 flats and one commercial unit on the ground floor.

A city with around 582,000 residents, Leipzig is a location for automobile manufacturing. BMW and Porsche maintain facilities just north of Leipzig. Also, the city has long been a trade, research and higher education centre. The rising population of Leipzig benefits from excellent infrastructure and high quality of living.

Winters & Hirsch had been retained by the seller to market the property as a sole agent and also advised the buyer on the transaction. Luther Rechtsanwälte has advised the seller on legal matters.

The notarisation of the purchase contract was performed by Doreen König, notary public.

The parties have agreed not to disclose the purchase contract.

 

Arbireo acquires specialty retail centre in Eisenberg, Thuringia

Winters & Hirsch has advised a property developer based in northern Germany on the sale of a retail property in the Thuringian town of Eisenberg to Arbireo Capital AG.

The property Saasaer Str. 1k, 1l, 1m is a specialty retail centre completed in 2001. In the summer of 2018, the premises reopened after extensive renovation, and the original tenants, Rossmann and KiK, were joined by new tenants, an Aldi store and a Huster beverage store.

Situated halfway between the cities of Jena and Gera, Eisenberg has around 11,000 residents and is the district town of the Saale-Holzland-Kreis.

The specialty retail centre has around 3,452 sqm of lettable space.

Aldi rents approx. 1,469 sqm; the Rossmann drugstore has approx. 846 sqm. The KiK store has around 655 sqm, the Huster beverage store around 384 sqm, and around 98 sqm are occupied by a florist shop.

The plot covers around 19,113 sqm and accommodates around 139 parking spaces.

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

The seller was represented by the Frankfurt law firm Herbert Smith Freehills.

The notarisation of the purchase contract was carried out by Dr. Börgers, notary public in Berlin.

The parties have agreed not to disclose the purchase price.

German pension fund snaps up Netto Marken-Discount in Ketzin/Havel

The Berlin real estate agent Winters & Hirsch has advised the property developer terraplan on the sale of a retail property in Ketzin/Havel in the federal state of Brandenburg to a German pension fund.

Completed in spring 2018, the retail premises are occupied by a Netto discount food store. The store is located at Falkenrehder Chaussee 14 in a central residential area of Ketzin/Havel.

The town of Ketzin/Havel has a population of around 6,500 and is situated in the southern part of the rural district of Havelland, some 22 km northwest of Brandenburg’s capital, Potsdam.

The store has around 1,487 sqm of total lettable space, including some 1,000 sqm of sales space. Around 6,970 sqm in size, the grounds
accommodate approx. 69 parking spaces.

The tenant, Netto Marken-Discount AG & Co. KG, has signed a 15-year lease with a 3/5 years renewal option.

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

The parties have agreed not to disclose the purchase price.

Arbireo acquires Netto store near St. Peter-Ording

The Berlin real estate agent Winters & Hirsch has advised a well-known German property developer on the sale of a retail property near St. Peter-Ording, a seaside town on the German North Sea coast, to Arbireo Capital AG.

The property is located on Welter Straße in the town of Garding, which has an official status as a health resort. A town with around 2,700 residents, Garding is located in the district of Nordfriesland, some ten kilometres from the popular seaside town of St. Peter-Ording.

Completed in the third quarter of 2018, the investment property is occupied by a Netto discount food store and a KiK discount fashion store.

The retail property has approx. 2,032 sqm of rental space, of which Netto rents around 1,432 sqm (including around 1,000 sqm of sales space). The KiK store has around 600 sqm.

The plot covers around 9,724 sqm and accommodates around 97 parking spaces.

The tenant Netto Marken-Discount AG & Co. KG has taken out a 15-year lease with a 3/5 years renewal option.

KiK Textilien und Non-Food GmbH has signed a 10-year lease with a 3/5 years renewal option.

Winters & Hirsch had been instructed by the seller to market the property as the sole agent 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.

 

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.