Winters & Hirsch has advised the Copenhagen-based fund Victoria Properties A/S on the sale of a speciality beverage store in Berlin’s noble sub-district of Wannsee (Steglitz-Zehlendorf district). The retail property was sold to a familiy office from Israel within three weeks.
Completed in autumn 2011, the single-storey speciality beverage store has approx. 422 sqm of rental space. The corner property with approx. 1,456 sqm accommodates approx. 10 parking spaces. The store has a highly favourable location in Wannsee, one of Berlin’s finest residential areas, and is also near the well-heeled city of Potsdam.
Sole tenant in the retail property is Getränke Hoffmann. Part of Radeberger Gruppe, the speciality beverage retailer currently operates some 190 stores in the Berlin-Brandenburg region.
Winters & Hirsch had been instructed by the seller to market the property. The buyer was legally represented by FPS Rechtsanwälte. The parties have agreed not to disclose the purchase contract.
The managing director of Winters & Hirsch Real Estate Advisory GmbH & Co. KG, Philipp C. Tabert, notes in this context that the Berlin investment market had been increasingly in the focus of foreign buyers over the past months. Especially residential and retail as well as commercial and retail properties with well-known anchor tenants in prime locations of the German capital as well as the commuter belt had been selling well. Winters & Hirsch was able to advise on a number of sales involving large retail properties to pension funds and investors from Germany and abroad.