Deutsche Konsum REIT-AG acquires Luisen-Center in Hettstedt
The real estate agent Winters & Hirsch has advised a private investor from Hamburg on the sale of a mixed-use residential, office and retail building in Saxony-Anhalt to Deutsche Konsum REIT-AG.
The property, the Luisen-Center, is situated at Luisenstr. 18 a-k / Am Plattenberg in Hettstedt in the rural district of Mansfeld-Südharz (Saxony-Anhalt). A town of approx. 15,000, Hettstedt is located in the eastern foreland of the Harz Mountains, approx. 40 km northwest of Halle (Saale). Formerly a centre of the copper mining industry, today, the local economy is mainly driven by non-ferrous metallurgy today.
Anchor tenant with approx. 894 sqm is the Penny-Markt GmbH (Rewe Group). The fully occupied property has eight retail units, five office/practice units and four residential units distributed over 2,780 sqm of floor space.
Completed in 1995, the Luisen-Center lies in the urban conservation area ‘Ortskern Hettstedt‘. The centrally located corner plot has approximately 5,146 sqm.
Acting on instruction from the seller to market the property, Winters & Hirsch also advised the buyer on the acquisition.
The parties have agreed not to disclose the purchase price.