Hoechst pension fund snaps up specialist retail centre in Potsdam
Acting as sole agent, Winters & Hirsch has advised a Berlin property developer on a forward deal to sell a brand-new specialist retail centre in Potsdam, the capital of the federal state of Brandenburg. The property at Potsdamer Chaussee 20 in Potsdam’s area of Groß Glienicke was acquired by the Frankfurt-based Pension Fund of the Employees of Hoechst Group.
Opened in May 2015, the fully occupied centre has five retail units with some 4,200 sqm of total rental space. The approx. 16,630 sqm plot accommodates around 149 parking spaces.
Anchor tenant REWE is joined by dm (drugstore), Takko (discount fashion store), K+K Schuh-Center (shoe store), and Mäc-Geiz (non-food discount store).
The new retail centre enjoys an excellent location for a retail property of this type. Residents, often young families, appreciate the high standard of living offered by Groß Glienicke and the neighbouring Berlin sub-districts of Kladow and Gatow. Property prices in the area are moving upward.
Winters & Hirsch had been retained by the seller to market the new-build property as sole agent and also advised the buyer on the transaction.
The buyer was represented by the Frankfurt-based law firm of REUTER Rechtsanwälte. The parties have agreed not to disclose the purchase price.