Hamburg/Sylt, December 19, 2022. Becken, a specialist in the development, realization, long-term asset and investment management of commercial and residential real estate, acquired a residential and commercial building from abrdn Investments Deutschland AG on 30 November. The property was part of "WertFonds S", an open-ended special AIF managed by ACTEUM Investment GmbH. The property at Friedrichstrasse 19, 25980 Westerland/Sylt, is centrally located in the heart of the city center in the middle of the shopping mile. It has 1,697 square meters of rental space and is fully let. The main tenants include the furniture store Depot, the Swiss lingerie store Calida and the men's fashion store NZA New Zealand Auckland.

Built in 2010, the building has four storeys, with the third and fourth storeys set back as staggered storeys. The building is characterized by its modern architecture, which ensures a high incidence of light into the interior spaces thanks to the fronts being completely fitted with glass. The commercial building has 21 underground parking spaces.

Jens Hogekamp, Managing Director of Becken Asset Management GmbH: "We are delighted to have acquired this prominent property in a top retail location on Sylt. The purchase shows that there are good opportunities in the current difficult market phase. With this acquisition, Becken now has a total of three core properties in Westerland on Sylt in its portfolio, in addition to the recently completed residential and commercial building in Wilhelmstrasse and the mother-child clinic."

The contracting parties agreed not to disclose the purchase price. Wiegel Ihde Ekrutt + Partner mbB and Oberthür & Partner Rechtsanwälte mbB, Hamburg, provided legal and tax advice to the buyer. Jones Lang LaSalle, Hamburg, acted as advisor to the seller in the transaction. abrdn Investments Deutschland AG acts for the open-ended domestic special AIF "WertFonds S", which is managed by ACTEUM Investment GmbH. ACTEUM Investment GmbH is a company of the LBBW Immobilien Group. The seller received legal and tax advice from GSK STOCKMANN, Frankfurt.