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.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2019 revenue). The company has more than 100,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 530 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.