Winters & Hirsch brokers sale of Penny Discount Market in Kelbra to Deutsche Konsum REIT-AG

Real estate agent Winters & Hirsch has advised a private investor from Hamburg on the sale of the retail property Jochstr. 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 market, currently the only shopping facility of this type in the town centre, is let to Penny-Markt GmbH (Rewe Group).

Completed in 1993, the property lies in an urban conservation area, and has approx. 930 sqm of floor space, including approx. 700 sqm of sales space. The plot covers approx. 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.