Pinneberg: Commercial investment transaction/rental apartments
MWCM Holding has paid €1.85m for a residential and commercial property in Pinneberg’s pedestrian zone. It was owned by private investors.
Grossmann & Berger, a member of German Property Partners (GPP), brokered the transaction.
The building has a total rentable area of some 800 m² comprising two shops fronting the pedestrian zone and six apartments. In recent years this Pinneberg property has been almost completely modernized and is fully let.