Triple deal in Lutherstadt

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RealDeal may announce the next mediation of the year. Two properties on Collegienstraße and an neighboring plot of land with an area of 1,195 sqm were sold. The total floor space of the two properties amounts to 1,435 sqm. The four commercial and nine residential units form a healthy tenant mix. The anchor tenant, Mäc-Geiz, one of Germany’s largest non-food discounters, has taken up long-term residence here. The gross rental yield is 7%. The seller of the two buildings and the land is a family office from southern Germany. The buyer, an investor from the Ruhr area, is using the purchase to further expand its portfolio in the historic Lutherstadt Wittenberg. As a university town and world heritage site, the medium-sized town of Wittenberg is predestined for healthy and sustainable investments.

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