Real I.S. acquires shopping centre Rokkeveen in Zoetermeer from Sectie5
German real estate investor Real I.S. has acquired shopping centre Rokkeveen in Zoetermeer from Sectie5. The shopping centre consists of circa 10,500 sq m with 45 units and is fully let.
During the years 2013 and 2015, the shopping centre has been modernized and expanded by Sectie5. The retail mix has been improved, the two supermarkets Albert Heijn and Jumbo have been expanded and the parking facilities have been optimized. The renewed fresh food court has a strong focus on craftsmanship and customer experience and is now a main point of attraction for the entire shopping centre. As a result, Rokkeveen has an exceptionally large catchment area and a dominant position in the neighbourhood.
Jeroen van Valen, partner at Sectie5: “Due to our extensive knowledge in retail, we were able to bring Rokkeveen as a good performing shopping centre to a higher level. This has led to a 100% occupancy, enthusiastic tenants and liquid investment product.”
Exceptional competitive market
Lodewijk Buijs, Director Capital Markets at CBRE: “The Dutch retail market remains attractive for foreign investors, which is proven by this transaction. Demand from investors is focused on prime high street locations and convenience-driven retail anchored by supermarkets, such as shopping centre Rokkeveen. The competitiveness in the market for this type of product has shown to be unprecedented.”
Axel Schulz, Global Head of Investment Management at Real I.S.: "The Dutch market for retail properties continues to offer a favourable risk-return ratio. Especially in the vicinity of economically strong locations such as The Hague, modern local supply centres are in demand. With a local supply share of 75 percent, the shopping center Rokkeveen is an attractive and solid addition to our portfolio in the Netherlands."
Third retail acquisition Real I.S.
Shopping centre Rokkeveen is the third retail acquisition of Real I.S. in the Netherlands, following ArenA Boulevard in Amsterdam South-East in 2015 and shopping centre Parade in Nootdorp in 2017.
CBRE has advised the buyer, Real I.S., during this transaction. Loyens and Loeff has been the legal advisor of Real I.S. The seller, Sectie5, has been advised by Houthoff.
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 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 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.