Deutsche Konsum REIT-AG acquires Penny discount food store in Kelbra

Real estate agent Winters & Hirsch has advised a private investor from Hamburg on the sale of the retail property Jochstraße 2 / Storkeyplatz in Kelbra, a town of around 3,500 in the rural district of Mansfeld-Südharz in Saxony-Anhalt, to Deutsche Konsum REIT-AG.

The discount food store is currently the only food store in the town centre. The tenant is Penny-Markt GmbH (Rewe Group).

The 1993 structure lies in an urban conservation area and has approximately 930 sqm of floor space, including 700 sqm of sales space. The plot covers around 1,000 sqm.

Idyllically located near the Kelbra Dam and the Kyffhäuser Monument, the town draws numerous tourists and daytrippers.

Winters & Hirsch had been instructed by the seller to market the property and also advised the buyer on the acquisition.

The parties have agreed not to disclose the purchase price.