The Berlin-based real estate agency Winters & Hirsch has advised PPC Immobilien UG from Weißenhorn (Bavaria) and STO Gruppe from Karlsruhe (Baden-Württemberg) on the sale of a speciality beverage market in Berlin’s Pankow district to a family office from Israel.
Completed in 2005, the single-storey, fully let property at Blankenburger Chaussee 81-82 has approx. 500 sqm of rental space. The approx. 2,336 sqm plot accommodates approx. 20 parking spaces.
Sole, long-term tenant is Getränke Hoffmann GmbH. The speciality beverage retailer is part of Radeberger Gruppe and currently operates approx. 195 stores in Berlin and Brandenburg.
A sub-district of the north-eastern district of Pankow, Karow is situated directly on the border to the state of Brandenburg. The property sold is located on a busy main road within an extensive residential area that retains most of its rural character.
Winters & Hirsch had been instructed by the seller to market the property, and also advised the buyer on the transaction.
The buyer was legally represented by FPS. The parties have agreed not to disclose the purchase price.