TLH Real Estate acquires HEMA stores in Doetinchem and Ede
TLH Real Estate, an investor in commercial real estate and part of TLH Properties BV, has acquired the retail premises at Hamburgerstraat 23 in Doetinchem and Grotestraat 48 in Ede. They were sold by a consortium of investors, advised by Crossroads Real Estate.
Both premises are leased by HEMA B.V. In prime locations in the high streets of Doetinchem and Ede, they offer 2,865 sq. m. and 2,573 sq. of lettable floor area, respectively.
During the acquisition, TLH Real Estate received legal representation from Eversheds. CBRE took the role of asset manager and sales advisor. The consortium was represented legally by international law firm Allen & Overy. The acquisition process was completed in July 2018.
HEMA premises IJmuiden and Amsterdam
This summer, CBRE was also involved in the sale of other property leased by HEMA B.V., in which the vendor was the consortium of investors advised by Crossroads Real Estate. This involved premises in IJmuiden and Amsterdam. In both cases, CBRE acted as asset manager and sales advisor.
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.