Altera Vastgoed acquires supermarket Amazing Oriental in Eindhoven

Altera Vastgoed NV (hereinafter: Altera) has acquired an individual supermarket in Eindhoven from a private investor. The single supermarket has a surface area of around 1,820 m² and its own car park, with 59 parking spaces. The supermarket has been leased to Amazing Oriental on a multi-year agreement.

Amazing Oriental is a Dutch supermarket chain that focuses on Asian products. The first branch was opened on Nieuwmarkt in Amsterdam in 1986. Nowadays, the supermarket formula consists of a chain of 25 physical stores all over the Netherlands and a web shop. This makes Amazing Oriental the largest Asian supermarket chain in the Netherlands.

The supermarket is located on Langdonkenstraat, on the edge of Eindhoven city centre. It is easily accessible by car, bicycle and public transport, and has its own car park.

Supermarket Amazing Oriental will be part of Altera’s sustainable food & convenience portfolio.

Altera’s CEO, Jaap van der Bijl: “An important pillar of our investment strategy is the further growth of the supermarket share in our portfolio. This purchase also adds to the diversification of our tenant pool, as we welcome Amazing Oriental to our portfolio as a new tenant.”

Altera received legal advice on this transaction from Dentons. The selling party was advised on this transaction by Insight Real Estate.