Winters & Hirsch advises on sale of denn’s Biomarkt in Berlin to Family Office from Israel
Winters & Hirsch has advised the Berlin-based property developer Terragon on the sale of a retail unit in co-ownership to a family office from Israel. The long-term retail tenant is denn’s Biomarkt.
The retail unit with approx. 500 sqm is part of the new-build residential and retail complex DÖRPFELDEINS on the corner of Dörpfeldstraße 1 and Adlergestell 259 in Berlin’s Adlershof area (Treptow-Köpenick district). Completed in March 2016, the modern complex comprises 55 residential units and two retail units with approximately 2,950 sqm.
The DÖRPFELDEINS has a prominent corner location opposite Adlershof S-Bahn station. The neighbourhood, a busy high street with plenty of well-known retailers, is popular with locals, students, and professionals working at the science and research facilities situated in Adlershof.
Winters & Hirsch has brokered the sale of the retail unit in cooperation with the Berlin-based Profi Select Coriolanus GmbH, which had also marketed the residential units for Terragon as the sole agent.
The buyer was represented by the law firm FPS.
The parties have agreed not to disclose the purchase price.