Winters & Hirsch has advised PPC Immobilien UG based in Weißenhorn, Bavaria, on the sale of a brand-new speciality beverage store in Potsdam, the capital city of Brandenburg. The property, located at Potsdamer Chaussee 98 in the Groß Glienicke area, was sold within four weeks to a family office from Israel.
The retail property had been completed and handed over to the tenant this summer. The single-storey beverage store has approx. 522 sqm of rental space. The approx. 2,900 sqm plot accommodates approx. 14 parking spaces. The new store enjoys an excellent location for a retail property of this type. Residents appreciate the high standard of living offered by Groß Glienicke and the neighbouring Berlin sub-districts of Kladow and Gatow. Property prices in the area are moving upward.
Getränke Hoffmann is the tenant in the building. Part of Radeberger Gruppe, the speciality beverage retailer generates an annual turnover of around 150 million euros with approx. 190 stores in the Berlin-Brandenburg region. The Groß Glienicke project represents the company’s latest generation of beverage stores sized between 400 and 1,000 sqm designed to increase sales.
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 Bernd Eilbrecht. The seller was legally represented by FPS Rechtsanwälte. The parties have agreed not to disclose the purchase price.
Philipp C. Tabert, the managing director of Winters & Hirsch Real Estate Advisory GmbH & Co. KG, noted in this context that foreign buyers were keener than ever to invest in Berlin and Potsdam, adding that the focus of private and institutional investors was mainly on residential and retail buildings with well-known anchor tenants in up-market residential areas of Berlin and its commuter belt.