The owner-managed Xhafolli Group, headquartered in Uelzen, Lower Saxony, is continuing its growth path in the real estate sector. The company has acquired another mixed-use residential and commercial portfolio comprising properties in Northern Germany and North Rhine-Westphalia. The transaction encompasses a total of 59 residential and commercial units with a combined total area of around 6,000 square metres.
The majority of the space is accounted for by the residential sector: the portfolio includes 54 residential units, which together comprise approximately 4,150 square metres of living space. The package is complemented by five commercial units with a lettable area of around 1,850 square metres. The properties are largely situated in central city-centre areas as well as established commercial locations.
Strengthening presence in existing core locations
With this acquisition, the corporate group is consolidating its position in already established locations. The portfolio is primarily concentrated in Minden, Hanover and Uelzen, where the group already owns existing properties. Integrating the units into the existing portfolio serves the objective of expanding regional market coverage and sustainably strengthening its proprietary portfolio.
- —Total scope of 59 units across around 6,000 square metres of total space
- —Split into 54 residential units (4,150 m²) and five commercial units (1,850 m²)
- —Focus on city-centre and commercial locations in Minden, Hanover and Uelzen
Revitalisation and further acquisitions
As part of its long-term investment strategy, Xhafolli Group intends to develop the properties in a structured manner. Alongside the ongoing conclusion of new lease agreements, the plans for selected buildings provide for comprehensive revitalisation measures. These particularly include energy-efficiency upgrades to bring the building fabric up to contemporary standards, secure long-term stable tenancies and realise additional value potential.
According to the management, central locations in major regional centres such as Hanover, as well as in mid-sized regional centres such as Minden and Uelzen, continue to experience stable demand for space. Against this backdrop, the group is maintaining its expansionary course and continuously reviewing further acquisition opportunities in Northern Germany and North Rhine-Westphalia. Its search profile focuses primarily on larger mixed-use residential and commercial portfolios as well as properties offering stable earnings prospects and structural development potential.
