Altera sells Rijnplein shopping centre in Alphen aan den Rijn

Real estate investor Altera Real Estate NV (hereafter: Altera) has sold the Rijnplein shopping centre in Alphen aan den Rijn. The shopping centre has approximately 12,800 sq. m. of retail space and tenants include H&M, MediaMarkt and various local entrepreneurs.

Erwin Wessels, CIO at Altera: “This sale allows us to further refine our investment strategy, which is aimed at achieving a portfolio consisting of supermarkets and local shopping centres. Convenience real estate in strong demographic areas creates a stable direct return on investment for our investors and is less sensitive to e-commerce and variations in economic cycles.”

Altera has sold the properties to a partnership of private investors, represented by JansenDeJong. Altera was advised by CBRE and Cushman and Wakefield in the sale.