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

Regensburg: RATISBONA Handelsimmobilien, the East Bavarian retail property specialist, has added the specialty retail center Heide-Center at Schipkauer Str. 13 in Schwarzheide (German state of Brandenburg) to its own portfolio in July 2017. The property was sold by 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.

The Heide-Center was constructed in 1996 and comprises a total of approx. 10,422 sqm of rental space. The major part, approx. 9,309 sqm, of the fully let property is dedicated to retail space. The remaining areas accommodate offices and a gym. The main tenants include REWE, ALDI, Rossmann, TEDI, Ernsting`s Family, and Hammer. The approx. 26,000 sqm grounds include a car park with 320 parking spaces. The specialty 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 retail properties. Some 30 years ago, the company has put its focus on the conception, development, realisation, marketing and management of food retail properties and specialty retail centers. Over the years, the acquisition and revitalisation of property stock has become another core area of expertise. This is well reflected in the approx. 1,150 properties that RATISBONA has successfully realised both in Germany and abroad.