Winters & Hirsch has advised the Copenhagen-based fund Victoria Properties A/S on selling a beverage store in Berlin’s noble sub-district of Wannsee (Steglitz-Zehlendorf district). The retail property was sold to a Family Office from Israel within three weeks.
Completed in autumn 2011, the single-storey beverage store has approx. 422 sqm of rental space. The corner plot with approx. 1,456 sqm accommodates around ten parking spaces. The store has a highly favourable location in Wannsee, one of Berlin’s most prosperous residential areas, and is also near the well-heeled city of Potsdam.
The sole tenant in the retail property is Getränke Hoffmann. Part of Radeberger Gruppe, the beverage retail chain currently operates some 190 stores in the Berlin-Brandenburg region.
The seller, Victoria Properties A/S, had instructed Winters & Hirsch to market the property. The law firm FPS Rechtsanwälte has represented the buyer.
The managing director of Winters & Hirsch Real Estate Advisory GmbH & Co. KG, Philipp C. Tabert, noted that the Berlin investment market had increasingly been the focus of foreign buyers over the past months. Mixed-use residential and retail and mixed-use commercial and retail properties with well-known anchor tenants in prime locations of the German capital and its commuter belt were selling well. Winters & Hirsch has advised on several transactions involving large retail properties to pension funds and other investors from Germany and abroad.