The real estate investor and asset manager Captiva has purchased two further DYI stores for its special fund “DIY Value I”. The transaction volume amounts to approximately 30 million euros. The open real estate special AIF, managed by Service-KVG INTEREAL, was advised by Jebens Mensching.
The properties offer a rentable area of 21,000 sqm and are let to the Hellweg Gruppe for a period of 18 years. The DYI stores are located in the metropolitan area of Berlin and North Rhine-Westphalia.
Hellweg operates a total of 97 Hellweg locations as well as 56 BayWa DYI with garden centers and seven Augsburg garden centers in Germany and Austria. The fund, which was launched in 2018, is fully invested upon completion of this transaction.