Berlin: Hamborner buys Globus store from Krieger

15/11/2018

Hamborner REIT has acquired the Globus home improvement store on Landsberger Allee in Berlin’s Lichtenberg district for €32.1mn. The seller is a Krieger Group company. SQM Property Consulting advised the buyer for the transaction. Globus has a long-term lease for the 16,500 sqm property until 2030. According to Hamborner, the gross initial yield will amount to 5.3% with an annual rental income of €1.7mn. Payment is expected to take place at the end of 2018 and the property transfer in early 2019.


TD Premium

Subscribers to our premium service have access to this article in full as well as to an additional 480,000+ news items: all filterable by topic, company, asset class, city or keyword. In TD Premium you can search for investment deals, leases, current project developments and company news with pinpoint accuracy.

TD Premium is Germany's leading property information tool that interconnects news, transactions, project data, market and company information in a unique and flexible system.