TD News International

Israeli Lahav acquires 18 commercial properties

The Israeli Lahav family office has acquired a portfolio of 18 German retail properties in a share deal. The locations spread across Germany have a combined lettable area of nearly 25,000 sqm. The leasing rate is now at 75%. Anchor tenants include food, shoe and clothing retailers such as Edeka, Penny, Netto and Takko. The seller is a German asset manager. Dahlke Immobilien brokered the deal. Lahav plans to further develop individual sites and sell properties that do not fit into its long-term strategy. In May, the Israelis acquired a package of five commercial properties in Hesse. Lahav's Germany portfolio now comprises 29 properties.

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