8 June 2020

Terraplan sells REWE consumer market in Altlandsberg (Brandenburg) to Höchster Pensionskasse VVaG

Terraplan has sold a REWE consumer market in Altlandsberg, a small town in the German state of Brandenburg, to the Höchster Pensionskasse. Winters & Hirsch has brokered the transaction as the sole agent on behalf of the seller.

The supermarket with approximately 2,700 sqm of rental space was completed in May 2020 and belongs to REWE’s latest generation of stores.

The sole tenant in the property, REWE Markt GmbH has signed a 15-year lease with a 3/5-year extension option.

The plot on the corner of Radebrück and Landsberger Straße has approximately 12,000 sqm and holds about 125 parking spaces.

The brand-new REWE store is part of a small cluster of businesses on the edge of a sprawling residential area.

Altlandsberg has approximately 9,000 residents and is located in the rural district of Märkisch-Oderland, near the eastern border of Berlin.

Winters & Hirsch had been instructed by the seller to market the property as the sole agent and also advised the buyer on the transaction.

The parties have agreed not to disclose the purchase price.