Delta Lloyd sells retail portfolio for 273 mln
With the sale of the retail portfolio to European Property Investors Special Opportunities 4 (EPISO 4) advised by Tristan Capital Partners Delta Lloyd has now divested its entire commercial property portfolio. Delta Lloyd has shifted the focus of its direct property investments entirely to residential property. The sale of the retail portfolio represents a total value of € 273 million. The portfolio comprises of approximately 120,400 sq m divided by 15 retail centres and premises at prime locations in the Netherlands. Main tenants are Ahold, Jumbo, Action, Hema and Blokker.
The properties are located in Amstelveen, Beverwijk, Diemen, Geleen, Gorinchem, Hilversum, Lelystad, Maastricht, Ridderkerk (2), Rijswijk, Uithoorn, Utrecht and Zeist (2). This is one of the largest retail real estate transactions of 2015.
EPISO 4 and Sectie 5 Investments were advised by Houthoff Buruma, Cushman & Wakefield and PwC. CBRE acted on behalf of the seller.
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