RATISBONA Handelsimmobilien acquires Heide-Center in Schwarzheide – Winters & Hirsch advises

Regensburg. RATISBONA Handelsimmobilien, the East Bavarian retail property specialist, has added the specialist retail centre Heide-Center at Schipkauer Str. 13 in Schwarzheide (German state of Brandenburg) to its portfolio in July 2017. Seller is the Berlin-based open-end real estate fund IF Immobilien Verwaltungs GmbH & Co. Anlage KG.

The parties have agreed not to disclose the purchase price.

Completed in 1996, the Heide-Center has approximately 10,422 sqm of rental space. Around 9,309 sqm of the fully occupied premises have been dedicated to retail space. Offices and a gymnasium occupy the remainder of the floor space.

REWE, ALDI, Rossmann, TEDI, Ernsting`s Family, and Hammer are the main tenants on the premises.

The grounds cover approximately 26,000 sqm and include a car park with 320 spaces. The specialist retail centre benefits from its immediate proximity to BASF Schwarzheide GmbH, the largest employer in the region. In addition, the adjoining commercial estate, Gewerbegebiet Süd, is home to numerous smaller companies. The infrastructure is also on the plus side. The A13 motorway (entries Schwarzheide and Ruhland) is only a short drive. The motorsport circuit EuroSpeedway Lausitzring is situated north of Schwarzheide.

The buyer, Regensburg-based RATISBONA Handelsimmobilien, is among the leading developers of food stores. Some 30 years ago, the company started focusing on the conception, development, realisation, marketing and management of food stores and specialist retail centres. Over the years, the acquisition and revitalisation of property stock have become another core area of expertise. Since being established in 1987, RATISBONA has realised around 1,150 properties in Germany and abroad.