Altera sells comparison retail portfolio in centre of Rotterdam

Real estate investor Altera Vastgoed NV (hereinafter: Altera) has sold a retail portfolio at Korte Lijnbaan and Karel Doormanstraat in Rotterdam to an investment vehicle of the Welgelegen Groep and Van der Kooy Vastgoed. The retail spaces (in total 4,062 sq. m.) have been let to Claudia Sträter, Xiaomi, Dodgers, Donna Li, Lederpaleis, Kan Mode, Moda Milan, Eazie, Burger King Donutella and IFFR.

Erwin Wessels, CIO Altera: “With this transaction we have sold our latest comparison retail in city centre of Rotterdam. Our investment strategy is focused on investing in convenience centres and supermarkets in the demographically strong catchment areas in the Netherlands. A strategy that suits institutional investors particularly well: a higher direct return, sustainable and less sensitive to e-commerce and cyclical changes”.

Welgelegen Groep is the family office of Mr. M.J.C.W. Perridon. Van der Kooy Vastgoed is an active real estate investor and developer in the region.

Altera was advised by Cushman & Wakefield during the sale. Welgelegen Groep and Van der Kooy Vastgoed were advised by Blok Makelaardij.

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