Zinc Real Estate Group is further expanding its portfolio with the first retail acquisition in The Netherlands
Credit Suisse fund has sold a retail asset located at Binnenwegplein 26 – 68 to Zinc Real Estate Group. The asset is located in the city centre of Rotterdam and comprises circa 14,000 m² LFA divided over 8 units, of which one unit on the top floor is vacant.
The asset is leased to anchor tenants such as Albert Heijn, Monki (H&M), KFC and Media Markt, who has recently opened their second ‘Tech Village’ in Europe at the premises. It’s an innovative shopping experience, where visitors can discover, try out and compare the latest technology. The first Tech Village was opened in Milan.
Credit Suisse was commercially advised by CBRE and legally represented by Houthoff. Zinc was legally advised by Osborne Clarke.
With this acquisition Zinc is advancing its diversified growth strategy in The Netherlands and the UK.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2021 revenue). The company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of 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.
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