Hoechst pension fund acquires REWE consumer market near Berlin

Acting as sole agent, Winters & Hirsch has advised a Berlin property developer on a forward deal to sell a brand-new REWE consumer market in the federal state of Brandenburg.

The property, Berliner Damm 169 in the community of Blankenfelde-Mahlow (rural district of Teltow-Fläming), went to the Frankfurt-based Pension Fund of the Employees of the Hoechst Group, VVaG.

The new-build consumer market with approximately 2,500 sqm of rental space opened in June 2015. The 10,230 sqm plot accommodates around 110 parking spaces. REWE is the sole tenant of the property.

Instructed by the seller to market the retail property as sole agent, Winters & Hirsch also advised the buyer on this forward contract.

The Frankfurt-based law firm REUTER Rechtsanwälte has represented the buyer.

The parties have agreed not to disclose the purchase price.