ESTAma announces the successful sale of a clothing store in Löbau, Saxony, ca. 100km east of Dresden, to DEFAMA Deutsche Fachmarkt AG. The asset is fully let to the clothing retailer AWG.

The property is located in a highly visible location on a plot of around 2,800 m2 and has a rentable area of 955 m2. The property is located in an established industrial area of Löbau with other retailers such as Kaufland and Deichmann in the immediate vicinity.

The seller had mandated ESTAma as its exclusive sales agent and transaction manager. The parties have agreed to keep the purchase prices confidential.