Potsdam: Swiss Life buys Waldstadt Center for €40mn


Swiss Life has acquired the “Waldstadt Center” in Potsdam with support from Corpus Sireo. According to a release, the firm is investing €40mn in the purchase for the open-ended fund “Swiss Life Living + Working”. The property is sold by funds managed by Partners Group in cooperation with Arax Properties Ltd. JLL advised the seller and brokered the transaction. The center has 13,500 sqm lettable space; anchor tenants are Kaufland, Rossmann, and Kik. The first floor houses a fitness studio, a dance studio, and offices. This deal brings the fund’s portfolio to 17 assets, five of them retail properties.

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