Retail Estates acquires retail parks in Breda, Naaldwijk and Zaandam

Retail Estates N.V. has recently purchased three large Dutch retail parks located in Breda, Naaldwijk and Zaandam. These parks have a total surface area of approximately 75,000 sq. m. and were sold by ShoppingParks N.V., an investment product from Freeland Partners.

The retail portfolio consists of 56 individual retail units, all of which are currently let. This represents an expansion of Retail Estate’s existing real estate portfolio in our country. The Belgian investor has previously acquired retail parks in locations such as Heerlen, Zwolle, Cruquius, Spijkenisse, Apeldoorn, Middelburg, Veenendaal, Roosendaal and Alphen aan den Rijn. In total, Retail Estates now has 218 retail units at 13 different locations in the Netherlands.

Léon Overhorst, Senior Director at CBRE, commented: ‘We are clearly seeing increasing interest in retail parks, especially those that enjoy a dominant position within their region, with a strong tenant mix and optimum parking facilities. Such parks have long had high occupancy rates, with rising rents. That makes them sought-after investment products. It’s good to see that these three parks will remain in the hands of a true retail park specialist.’

CBRE advised ShoppingParks N.V. regarding this transaction. Houthoff provided legal advice to the vendor, and Van Doorne provided legal advice to the purchaser.

About CBRE

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