London – ESTAma announces the sale of a large retail property in Bruchsal in the municipality of Karlsruhe, Germany by an institutional investment manager to a regional property investor.
The property comprises of a long-let “real,-“ hypermarket and a vacant former DIY market with a total lettable area in excess of 15,000 sqm as well as ca. 600 car parking spaces. The asset offers several development opportunities and benefits from its excellent access via the federal road B35 which will be enhanced significantly by its new northern bypass around Bruchsal that is currently under consideration.
The seller exclusively mandated ESTAma as its sales agent and transaction manager. The parties agreed to keep the purchase price confidential.