CENTERSCAPE focuses on expansion of their property portfolio in Berlin

NEWS

Centerscape is a leading investor, developer, owner and manager of grocery-anchored neighborhood shopping centers, with a presence in every major market in Germany, Poland and the Czech Republic.

CENTERSCAPE focuses on expansion of their property portfolio in Berlin

The Centerscape Group has acquired its 89th asset in Germany, situated on Grossbeerenstraße in Berlin’s Tempelhof district. Broker was Krossa & Co.

The asset was built in 1993, with a total plot of 8,900m² has 120 parking spaces. The total rentable area is occupied by the supermarket Kaiser’s.

The trade area is integrated into an attractive residential and commercial environment with excellent infrastructural accessibility, which generally corresponds to the investment strategy of Centerscape.

Filiz Meryem Kiraz, Investment Manager for this acquisition said “with this investment Centerscape was able to increase the portfolio with a further valuable retail location with upside potential in Berlin.

Centerscape invests in Retail Real Estate in Germany, Poland and the Czech Republic and is aiming for further growth.
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