19 January 2022

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Bouwinvest’s Dutch Retail Fund has purchased three retail units with a total surface area of 1,750 m2 in the centre of Eindhoven in the southern Netherlands from DELA Vastgoed B.V. The properties, located at Demer 17a and 21, and Marktstraat 2-4, are leased to retailers Pieces, Bakker Bart and Cotton Club respectively.

The retail units are easily accessible at locations in two of the city’s most-frequented high streets, Collin Boelhouwer, Director of Dutch Retail Investments, said: “Following the redevelopment of 18 Septemberplein and the planned development of the entire station area, the northern part of Eindhoven’s city centre will continue to attract retailers and consumers alike.” 

Upon completion of the acquisiton, Bouwinvest aims to upgrade the properties where necessary, in line with its sustainability goals and with a view to certifying them with a 'BREEAM Good' label or higher. In 2019 Bouwinvest acquired Demer 20-22, which is leased to Jeans Center. The Dutch Retail Fund also owns Demer 38 and 48. 

Bouwinvest’s Retail Fund invests in the Dutch retail market on behalf of domestic pension fund clients. The Fund has a diversified portfolio spread across prime retail hotspots (Experience), local shopping centres and supermarkets for daily essentials (Convenience), as well as mixed retail. The latest acquisition is in line with the Fund's Experience strategy, which focuses on the top-15 largest retail cities and busiest high streets in the Netherlands. The Fund is one of the most sustainable of its type in the Netherlands, with a 5-star GRESB rating. 

Bouwinvest was advised by CBRE (commercial), Loyens & Loeff (legal), and MtoBuild (technical). Orange Capital Partners provided commercial advice to the vendor while Houthoff acted as legal advisor.