Halberstadt: Sunshine Family Office acquires retail property

As part of the expansion of its existing portfolio, the Australian Sunshine Family Office has acquired a retail property in Halberstadt. Besides identifying this investment opportunity, DRIA GmbH, as the responsible asset manager, has structured the entire purchase process.

The property was built in 2008 on a plot of around 11,435 m² and consists of two buildings. One is rented to the pet store “Das Futterhaus”. The second building was originally built for the Schwarz group (Lidl discounter). This building is now rented to the Fishbull DIY-store chain, which has been tied to the location for at least 10 years. Another smaller vacancy unit, which was originally built as a butcher shop, offers further potential for adding value.

The property is part of the long-term portfolio of the family office and is part of the strategic realignment that started in 2019. With this realignment the family office sells automobiles investments in order to reinvest these funds in specialist retail properties.

Buyer: Sunshine Family Office, Heinsberg

Seller: Company, England