05. October 2023
The Israeli family office is once again on a major buying spree in Germany. Only recently, the portfolio was increased by 2 retail properties in Sennfeld and Wittenberge. Now the purchase of a retail portfolio has also been confirmed. In the first step, 7 properties in western and southern Germany were transferred to LAHAV as the new owner.
The properties are 3 DIY stores, 3 shopping centres and a Löwen-Play casino with a total lettable area of around 32,000 m², located in the Bavarian towns of Adelsdorf, Bechhofen and Memmingen as well as in the western German towns of Germersheim and Betzdorf (Rhineland-Palatinate), Neunkirchen and Olpe (North Rhine-Westphalia), and together generate an annual net cold rent of around € 1.83 million.
DRIA GmbH, which handled the transaction for LAHAV, will take over the future asset management of all properties. The parties have agreed not to disclose the purchase price.
Buyer: LAHAV, Heinsberg
Seller: Real estate company, Limburg