Germany's Dahler & Company has created a new real estate subsidiary which will invest in existing office and retail properties in prime locations in Germany. The new unit, named DCValues, is already in negotiations to acquire a number of assets in the cities of Hamburg, Munich and Frankfurt, according to a news report in daily Welt.

Germany's Dahler & Company has created a new real estate subsidiary which will invest in existing office and retail properties in prime locations in Germany. The new unit, named DCValues, is already in negotiations to acquire a number of assets in the cities of Hamburg, Munich and Frankfurt, according to a news report in daily Welt.

The company intends to invest 'several hundreds millions' in German real estate in the coming years. The new property unit will be led jointly by Dahler & Company's co-founder Lothar Schubert and Carsten Fischer, previously the head of acquisitions at AMB Generali Germany. The properties acquired will be actively managed to create value and divested within maximum eight years, Dahler & Company said.