Winters & Hirsch has advised a German listed real estate company on the sale of a residential property on Hubertusstraße in the sub-district of Rahnsdorf (district of Treptow-Köpenick) to a private investor from Vienna.
The modern two and three-storey residential complex with direct access to Hubertussee lake is situated in Hessenwinkel, one of the most sought-after residential addresses in South Berlin. The area is referred to as Neu Venedig [New Venice] on account of its numerous small lakes and canals.
Completed in 1998, the property has twelve residential units with approx.
684 sqm of rental space as well as approx. 2,100 sqm of outdoor space. The property was sold at a multiplier of 17.7 plus purchasing costs. The parties have agreed not to disclose the purchase price.
Winters & Hirsch had been instructed by the seller to market the property and also advised the buyer on the transaction.
The purchase contract was notarised by notary Martin Sukowski of the Berlin law firm of Wollmann & Partner.
The managing director of Winters & Hirsch, Philipp C. Tabert, was pleased about this successful transaction. “Properties in this location are much sought-after and rarely come to the market. The property developments currently underway in Neu Venedig will upgrade the neighbourhood even further,” said Tabert.