Real estate investor Altera Vastgoed NV (“Altera”) has acquired off-market local shopping centre Het Stroink in Enschede from WP Retail Invest CV (“WPRI”). The centre has recently been renovated by WPRI to create a retail complex which, along with a pharmacy, a medical centre, three primary schools, a nursery and a petrol station, forms the beating heart of the neighbourhood.
Het Stroink is the third local shopping centre Altera has added to its Food & Convenience portfolio in recent months, following its earlier acquisitions of Brouwhorst in Helmond and De Vlashoeck in Bergschenhoek.
Jaap van der Bijl, CEO of Altera, says, “With an A++ energy label, Het Stroink will make a strong contribution towards achieving Altera’s sustainability goals. On top of that, the varied mix of national and local retailers plus the community amenities significantly bolster the neighbourhood’s social cohesion and appeal. Our strategy in the convenience segment is aimed at solid growth and development of the portfolio.”
Local shopping centre Het Stroink
Het Stroink is located in Stroinkslanden, a residential district of Enschede. Together with the neighbouring community amenities, it forms the beating heart of the neighbourhood. The centre has recently been renovated, with sustainability and climate-adaptive measures prioritised alongside rejuvenation of the distinctive architecture. New features include natural ventilation, “green” parking spaces, separate drainage systems and the use of circular local wood for the external cladding and white-and-grey bitumen roofing. With a floor area of approximately 5,800 square metres, the centre’s tenants include supermarkets Albert Heijn and Aldi, druggist Kruidvat and a variety of fresh-food retailers and delicatessens.
The upgrade was nominated for the Kern Annual Award in 2021. Now focusing on transformation and renovation, this is the successor to the NRW Annual Award, which was presented between 1989 and 2020 to the year’s best retail development in the Netherlands.
WPRI’s core activity is the redevelopment of local shopping centres, making them more sustainable and transforming them into attractive places to buy and meet. According to managing partners Gert-Jan Veldkamp and Roderik Lüschen, “Our redevelopment mission is about creating vibrant shopping centres with supermarkets as their main draw, together with other shops and supporting hospitality outlets. Together with amenities like schools, medical care and ancillary services, these centres form the heart of their neighbourhood and are rooted sustainably in the local community.
Altera received technical assistance with this acquisition from PVM and legal support from Dentons. WPRI was assisted by retail estate agency KroesePaternotte and notaries Core Notariaat.