Altera sells retail properties in Breda and Haarlem

Altera Vastgoed NV (hereinafter: Altera) has sold two retail properties in the city centres of Breda and Haarlem. Both properties – located on the Ginnekenstraat in Breda and the Grote Houtstraat in Haarlem – are fully let, to Søstrene Grene and fashion retailer Paprika.

Altera CIO Erwin Wessels: “This sale marks yet another step forward in the execution of our strategy, which is based on a food and convenience portfolio focussed on strong demographic areas, which provides a stable direct return and is less sensitive to e-commerce and cyclical changes. Looking forward, the portfolio will continue to grow through strategic purchases and sales and targeted asset management.”

The properties were sold to a foreign private investor. Altera was advised by KroesePaternotte during the sale. The buyer was advised by Rotsvast.