Centerscape Group has acquired the “RIZ Shopping Center” in Hohenschönhausen Berlin, Germany. The anchor and major tenants are Kaiser’s, Netto, DM and KiK which, together, occupy in total 54% of the 9,169 sqm rental space. Cushman & Wakefield was the broker for the seller and the investor.
Centerscape is a leading investor and owner of predominantly grocery-anchored retail real estate properties in Germany, Poland and the Czech Republic.
Operating since 2006 Centerscape Group has selectively built up a strong portfolio of 144 properties under management with 6 currently in Berlin and a total portfolio value of circa €560 mln. Centerscape’s continued focus on quality retail investments throughout Germany, Poland and the Czech Republic is driven by a dynamic and service orientated team of 54 in house experts.
Thomas von Einem, Head of Investments for Centerscape Germany, commented, “with the purchase of this property we have extended our portfolio with a quality, very valuable and sustainable location.”