Winters & Hirsch has advised the Berlin property developer Terragon on the sale of a retail unit in co-ownership to a family office from Israel. Long-term retail tenant is denn’s Biomarkt.
The retail unit with approx. 500 sqm is part of the new-build residential and retail complex DÖRPFELDEINS on the corner of Dörpfeldstraße 1 and Adlergestell 259 in Berlin’s sub-district of Adlershof (Treptow-Köpenick district). Completed in March 2016, the modern complex comprises 55 residential units and two retail units with a total floor space of approx. 2,950 sqm.
The DÖRPFELDEINS has a prominent corner location opposite Adlershof S-Bahn station. The neighbourhood, a busy high street with plenty of well-known retailers, is popular with locals, students, and professionals working at the science and research facilities situated in Adlershof.
The retail unit was sold in cooperation with the Berlin-based Profi Select Coriolanus GmbH, which had also marketed the residential units for Terragon in sole agency.
The buyer was legally represented by FPS. The parties have agreed not to disclose the purchase price.