Aue: LAHAV Family Office sells retail centre from its existing portfolio

The Israeli LAHAV Family Office has recently sold a retail park in Aue, Saxony, to a Chemnitz-based company from its existing portfolio. The property was realised in 1996 on an area of almost 15,000 m² and consists of 2 building structures.
The anchor tenant with an area of around 6,547 m² is the speciality store Jawoll, which has been located at the site since 2016. The second part of the building with app. 1.390 m² is let on a long-term lease to the discounter ALDI Nord, which moved into the space in 2018 after extensive remodelling and refurbishment work. Customers of the shopping centre have access to a car park with 170 parking spaces while they shop.
The transaction was accompanied by DRIA GmbH, which was also commissioned with the previous asset management of the property. The parties have agreed not to disclose the purchase price.

Buyer: Investor, Chemnitz

Seller: LAHAV, Mönchengladbach