Beverage store in Berlin goes to Family Office from Israel

The Berlin-based real estate agency Winters & Hirsch has advised PPC Immobilien UG from Weißenhorn (Bavaria) and STO Gruppe from Karlsruhe (Baden-Württemberg) on the sale of a beverage store in Berlin’s Pankow district to a Family Office from Israel.

Completed in 2005, the single-storey, fully occupied property at Blankenburger Chaussee 81-82 has approx. 500 sqm of rental space. The approx. 2,336 sqm plot accommodates around 20 parking spaces.

Sole, long-term tenant is Getränke Hoffmann GmbH. The beverage retailer is part of Radeberger Gruppe and currently operates approx. 195 stores in Berlin and Brandenburg.

Karow, an area in the north-eastern district of Pankow, is situated directly on the border with the state of Brandenburg. The property sold lies on a busy main road within a wide-spread residential area that retains most of its rural character.

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

The law firm FPS has represented the buyer.

The parties have agreed not to disclose the purchase price.