NRW: LAHAV acquires former DIY store for restructuring

At the end of the third quarter, Israeli family office LAHAV signed a purchase agreement for a former HELLWEG DIY store location in Werl. The transfer of burdens and benefits will take place once the conditions for maturity have been met.

After Hellweg gave up the location as part of its location optimization, Lahav is taking over the DIY store without an operator. This, in turn, enables LAHAV to reposition the approximately 6,300 m² of rental space in the market and convert it into a non-food retail park. The restructuring of the property is being coordinated by the asset-management team at DRIA GmbH and is expected to be completed by Q4 2026.

The transaction was supported on the LAHAV side by DRIA GmbH, which, in addition to future asset management, is also supporting the restructuring in Werl, as mentioned above. The seller was advised by APERIA Real Estate GmbH from Frankfurt. The purchase price has been agreed to remain confidential.

Buyer: LAHAV, Mönchengladbach