7 November 2023

Frankfurt-based pension fund acquires turn-key Edeka store in Fürstenwalde/Spree, Winters & Hirsch advises on transaction

A pension fund based in Frankfurt has aquired a brand new Edeka store in Fürstenwalde near Berlin from a well-known property developer. The Berlin real estate agency Winters & Hirsch has successfully brokered the deal.

Completed in the third quarter of 2023, the retail property is located at Lange Straße 45 in Fürstenwalde/Spree in the state of Brandenburg. With around 32,800 residents, Fürstenwalde is the largest city in the Oder-Spree district in terms of population. The north-western part of the district borders on the city of Berlin. Fürstenwalde is about 50 km from the Berlin Brandenburg Airport.

The rental space in the new retail property totals around 2,650 sqm. The grounds accommodate around 120 parking spaces.

Winters & Hirsch was appointed by the seller as sole agent to market the property and also advised the buyer on the transaction.

The parties have agreed not to disclose the purchase price.