LAHAV buys Nemo Portfolio with more than 18,000 sqm of retail space

The Israeli LAHAV Family Office is continuing its growth course in Germany and has recently acquired a portfolio of six retail properties from an Israeli fund as part of a share deal. The properties are located in established trading locations in Hannover, Bremen, Gummersbach, Moers, Betzdorf and Aken. The anchor tenants of the portfolio are Edeka and Rewe. The occupancy rate is approx. 90%. DRIA GmbH, which is responsible for the purchase and asset management, plans the mid-term elimination of vacancies and the optimization of the WALT. In 2019, the LAHAV Family Office acquired real estate for a two-digit million euro amount. DRIA GmbH is not only responsible for acquisition and asset management, the company also acts as the management director for  the German SPVs. The growth course should also be continued in 2020. For 2020, purchases and sales of a total amount of EUR 100 million are planned.

Buyer: LAHAV Family Office

Seller: Israeli fund