Winters & Hirsch brokers sale of local shopping centre in Bleicherode to DEFAMA AG

Winters & Hirsch has advised a group of private investors from Bavaria on the sale of a local shopping centre in Bleicherode (rural district of Nordhausen, state of Thuringia).

The property was purchased by Berlin-based DEFAMA Deutsche Fachmarkt AG for 2.57mn. euros, which translates into a multiplier of 7 based on net annual rent.

The retail complex enjoys a central, prominent corner location at Burgstraße 60 / Lindenstraße 15, 16. Completed in 1994, the property has approx. 4,010 sqm of total rental space and comes with an approx. 11,000 sqm plot.

A REWE consumer market, an Ernsting’s Family store, and a pharmacy are the main tenants. Further space is occupied by local shops, including a shoe and bag store, a baker’s shop, a dry cleaner, and a flower shop. The property also accommodates doctors’ practices as well as residential units.

A small town of some 6,500 residents, Bleicherode is situated in the rural district of Nordhausen in the state of Thuringia. The town has good infrastructure and direct access to the A 38 motorway which connects the cities of Kassel and Leipzig.