CBRE sells off 33 Dutch store locations

CBRE sells off 33 Dutch store locations

CBRE Dutch Retail Fund has sold 33 Dutch stores, totaling 23,300 sqm. Parts were sold to French Sofidy, while Royal Properties Group (located in Brussels) acquired the remaining part.

60 million euro

French real estate investor Sofidy has bought 18 store locations, totaling 8,500 sqm, while also adding 4 residential units to its portfolio. Its store locations are in several shopping centers: Woensel in Eindhoven, In de Bogaard in Rijswijk and Overvecht (Utrecht). It also has store locations in several shopping streets: Amersfoort, Goes, Middelburg and Venlo.

 

Royal Properties Group acquired the remaining 15 store locations through Sebaldinvest, which is its Dutch-based company. Including several supermarkets, its locations are found in the inner cities of Alkmaar, Hoorn, Sneek and Zutphen. The company has become very active in the Netherlands over the past few months as it acquired 44 store locations (spread over 18 different sites) in a short period of time.

 

"This sale is in line with our strategy to continuously optimize the risk/return profile of our portfolio and dispose of properties that do no longer fit the Fund’s investment criteria and allocation targets in the long term", CBRE fund manager Jaap Démoed said about the transaction worth 60 million euro.

 

CBRE Dutch Retail Fund is one of CBRE Global Investors' many real estate funds. The company is a worldwide real estate investor and manager, with a 86 billion dollar (81.26 billion euro) portfolio.

Questions or comments? Please feel free to contact the editors


Delhaize is highlight of new shopping center in Luxembourg

07/09/2017

Shopping center Borders has just opened its doors, right near Schengen. The largest Delhaize store in the Grand Duchy of Luxembourg is its major attraction and should house about two dozen retailers in the near future.

Mitiska Reim acquires its first German retail park

06/09/2017

Belgian real estate firm Mitiska Reim bought a retail park in the German city of Mönchengladbach. It was a collaboration with Luxembourg Investment Group and the group’s first German acquisition.

European retail rental prices continue to soar

20/07/2017

A recent study from research firm CBRE shows that rental prices for Europe’s most expensive retail locations are still on the rise. It is the only region that still experiences growth for retail real estate.

Mitiska REIM acquires 11 Romanian retail parks

23/06/2017

Mitiska REIM has acquired Romanian Alpha Property Development’s portfolio of eleven profitable retail parks and three development projects. The Belgian real estate firm is now the market leader in Romania.

Raad van State suspends Uplace's environmental permit

30/03/2017

Uplace will have to put its construction plans for Machelen on hold once again because the Raad van State just suspended the environmental permit the Flemish government had approved.

Redevco buys new store location in Paris

24/01/2017

Real estate firm Redevco bought a store location, including stores like Tiffany & Co and Glasshütte, in the Rue de la Paix in Paris from Savills Investment Management. Neither party wished to disclose the fee for the acquisition.

Back to top