Winters & Hirsch brokers sale of REWE consumer market to Hoechst pension fund

Acting in sole agency, Winters & Hirsch has advised a Berlin-based property developer on a forward deal to sell a brand-new REWE consumer market in the federal state of Brandenburg.

The property at Berliner Damm 169 in the community of Blankenfelde-Mahlow (rural district of Teltow-Fläming) was acquired by the Frankfurt-based Pension Fund of the Employees of Hoechst Group, VVaG.

The new-build consumer market with approx. 2,500 sqm of rental space opened in June 2015. The approx. 10,230 sqm plot accommodates approx. 110 parking spaces. REWE is the sole tenant in the property.

Winters & Hirsch had been instructed by the seller to market the retail property in sole agency, and also advised the buyer on this forward contract.

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