Shopping centre ‘t Nieuwe Erf in Lunteren is sold

Orange Capital Partners has sold ‘t Nieuwe Erf shopping centre in the city centre of Lunteren. The centre contains 2,100 sq. m., divided into 7 units. There is a full service supermarket, the COOP, and a number of local entrepreneurs, including a butcher and greengrocer.

Casper Vernooij, Partner at Orange Capital Partners: “After three years of active management we have leased up the vacancy and resolved all the backlog maintenance in the shopping centre. Due to the fact there is no more value add potential in the asset it was the right moment for us to sell the asset and materialize the profits for our investor.”

Lodewijk Buijs, Director Retail at CBRE: “With this transaction, the strong position of convenience retail is once again confirmed. 'T Nieuwe Erf has a good location in the heart of Lunteren, and is fully let to tenants who fit well within the residents profile and specific location. Investments in such retail real estate have a low risk and provide a stable return, safeguarding a lot of interest.”

'T Nieuwe Erf is part of a larger portfolio of convenience-driven shopping centers, which Orange Capital Partners, together with CBRE, is currently marketing. The sale of 't Nieuwe Erf marks the start of the sale of this portfolio, which is expected to be followed by several sales in the short term.

The buyer was legally advised by Van Velten. The seller was legally assisted by Loyens & Loeff and advised commercially by CBRE.

About CBRE

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