act legal Germany advises Swiss Life on the acquisition of Waldstadt Center in Potsdam for around EUR 40 million. The sellers of the property are funds managed by the global private investment manager Partners Group in collaboration with Arax Properties Ltd. .
The specialty shopping centre with a balanced tenant mix is the central main supplier in South Potsdam. The retail park was built in 1995 and comprehensively modernised in 2015. The rentable area comprises around 13,500 square meters. 210 free parking spaces are located directly in front of the center. It is fully let and the average remaining lease term is around nine years. Anchor tenants include Kaufland, Rossmann and KiK.
The seller was advised by Clifford Chance.