Winters & Hirsch advises on sale of Luisen-Center in Hettstedt to Deutsche Konsum REIT-AG

The real estate agent Winters & Hirsch has advised a private investor from Hamburg on the sale of a 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, Hettstedt’s economy is today largely driven by non-ferrous metallurgy.

Anchor tenant with approx. 894 sqm is the Penny-Markt GmbH (Rewe Group). The fully let property has a total of 8 retail units, 5 office/practice units as well as 4 residential units on a total floor space of 2,780 sqm.

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

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.