Real estate investor Dahlke Real Estate (DRIA) acquires retail property

Real estate investor Dahlke Real Estate (DRIA) acquires retail property

Altenkunstadt is a community on the Upper Main with approx. 5,400 inhabitants and is situated opposite the Burgkunstadt, which has long been known as the German shoe centre. Both towns belong to the Bavarian region of Upper Franconia. The investor Dahlke Real Estate (DRIA) of the Dahlke Family Holding has now acquired a retail property here. This article is based on the unique List of the 400 largest German real estate investors in Germany.

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Particularly sought after as a property with a high vacancy rate

The property is located on the edge of the Altkunstädter industrial estate on Weismainer Straße, an arterial road of the town to the south. The property has around 3,000 square meters of usable space. Currently, only about 15 per cent of the building is let, the rest will be vacant when a REWE store moves out. DRIA has purchased the building for its portfolio and plans to re-let it by the first quarter of 2021. There are sufficient parking spaces available on the market site. There are good transport connections.

DRIA is a real estate investment company based in Heinsberg, North Rhine-Westphalia, which belongs to the Dahlke Family Holding. The investment company acts as a real estate investor for the Dahlke Family Office. Dahlke Family Holding was founded in 1952 by the real estate entrepreneur Ulrich Oskar Dahlke from Mühlheim an der Ruhr. DRIA also invests for two other family offices, the Lahav Family Office from Israel and the Sunshine Family Office from Australia. Dahlke’s own investments focus on real estate from all investment segments except residential real estate, preferably from the Value-add and Opportunistic risk classes. Properties with a volume of up to EUR 10 million are purchased. High vacancy rates of up to 100 percent are no problem. The Altkunstädter Investment fits in seamlessly here.
Source: Immobilien Zeitung Picture source: Unsplash

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