OCP sells Buurmalsen shopping centre in Tilburg
Orange Capital Partners is selling Buurmalsen shopping centre in Tilburg to Belgian investor VANA Real Estate. Buurmalsen is located in the Reeshof residential district and covers approximately 2500 sq. m., 75% of it convenience retail. Supermarket Albert Heijn and personal care chain Kruidvat are the largest tenants, complemented by a number of local entrepreneurs.
Sustainability
“In addition to lease extensions and resolving overdue maintenance,” Casper Vernooij, Partner at Orange Capital Partners says, “we have been focusing upon increasing sustainability at this shopping centre. We have installed 412 solar panels on the roof, so as to meet the supermarket’s energy needs with a sustainable system.”
Increasing interest from Belgium
“This centre attracted interest from various investors,” comments Lodewijk Buijs, Director of Retail at CBRE. “It is well-sited in Tilburg’s largest residential area and is fully let to tenants ideally suited to its profile and specific location. Interestingly, we are seeing more and more investors from Belgium active in the Dutch retail market. The basics are strong in the Netherlands and retailers here offer greater certainty. In addition, prices are more attractive when compared with Belgian real estate.”
Sale of portfolio
Like ’t Nieuwe Erf in Lunteren, which was sold recently, Buurmalsen is part of a larger portfolio of convenience-driven shopping centres currently being marketed by Orange Capital Partners and CBRE. Several more sales from this portfolio are expected soon.
The vendor received legal assistance from Loyens & Loeff and commercial advice from CBRE.
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