Gelsenkirchen-Buer, Hochstr. 5.
Commercial buildings in established German city centres are sought-after investments. In the heart of the lively Gelsenkirchen-Buer district, Brockhoff brokered the sale of a five-storey office and commercial building in a prominent prime 1A corner location. The property offers 2,135 m² of total lettable space and is a landmark on the shopping street thanks to its distinctive presence.
The buyer is a long-standing Brockhoff client who has relied on the company’s market knowledge and transaction experience for many years. The property’s location, layout and stability proved compelling.
The ground-floor retail space is divided between two units totalling 735 m². Both have been reliably let for many years to “Ernsting’s family” and the women’s fashion retailer “Beckmann & Grösser”. The upper floors provide around 1,400 square metres of office and medical practice space, let to various occupiers.
The decisive factors for the acquisition were the prime 1A corner location in the centre of Buer, the high occupancy rate and the mix of uses. Together, these provide long-term stability.
“After years of turning away from high streets, we are seeing renewed demand for commercial buildings in shopping streets. The combination of strong retail tenants on the ground floor, solid office use above and other well-known chains nearby makes this property a good investment for our long-standing client,” says Bert Pfeffer, Retail expert at Brockhoff.
The purchase price has not been disclosed.
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About Brockhoff
Brockhoff GmbH is one of Germany’s leading commercial real estate agencies and the market leader in the Ruhr region. The owner-managed company, headquartered in Essen, was founded by Eckhard Brockhoff in 1987. With 39 years of industry experience, it has extensive expertise in marketing properties across OFFICE, INVEST, RETAIL and LOGISTICS. Its portfolio includes the nationwide sale of office and investment properties, office leasing focused on the Ruhr region, brokerage of retail properties in prime 1A locations in small, medium-sized and major German cities, and the leasing and sale of logistics properties. In 2021, ADOMO acquired a 41% stake in Brockhoff. The remaining 59% is still held by founder and Managing Director Eckhard Brockhoff.