Winters & Hirsch advises on sale of local shopping centre in Potsdam to Hoechst pension fund

Acting in sole agency, Winters & Hirsch has advised a Berlin property developer on a forward deal to sell a brand-new local shopping centre in Potsdam in the federal state of Brandenburg. The property at Potsdamer Chaussee 20 in Potsdam’s area of Groß Glienicke was acquired by the Frankfurt-based Pension Fund of the Employees of Hoechst Group.

Opened in May 2015, the fully let local shopping centre has five retail units with approx. 4,200 sqm of total rental space. The approx. 16,630 sqm plot accommodates approx. 149 parking spaces.

Anchor tenant REWE is joined by dm (pharmacy), Takko (discount fashion store), K+K Schuh-Center (shoe store), and Mäc-Geiz (non-food discount store).

The new local shopping centre enjoys an excellent location for a retail property of this type. Residents, often young families, appreciate the high standard of living offered by Groß Glienicke and the neighbouring Berlin sub-districts of Kladow and Gatow. Property prices in the area are moving upward.

Winters & Hirsch had been retained by the seller to market the new-build property in sole agency, and also advised the buyer on the transaction.

The buyer was legally represented by the Frankfurt-based law firm of REUTER Rechtsanwälte. The parties have agreed not to disclose the purchase price.