The retail center “Kannenstieg-Center” in the northern district of Magdeburg was sold to a Luxembourg investor. The economic transition took place on 15 December 2017. The two-storey property offers a number of 125 parking spaces and consists of 28 rental units distributed over approx. 5,332 m² of rental space. The center is characterized by anchor tenants such as EDEKA, ALDI, ROSSMANN and KiK. The building was originally built by rebuilding and expanding a former department store.