BMO Real Estate Partners Germany purchased „Neiße Park“ located in Görlitz in the scope of an individual mandate and for a real estate special asset administrated by Universal Investment. The hybrid retail park not only is of national significance but also has a long commercial history and is located nearby the border to Poland. The rental area contains more than 27,000 sqm, let to 40 tenants.
Also, 1.000 parking spaces belong to the property. The real estate was sold by CEV Handelsimmobilien GmbH. Regarding the purchase price the parties agreed on non-disclosure.