Mitiska REIM announces first acquisition in the Netherlands
Mitiska REIM, the leading specialist investor in European retail parks, has today announced its entry into the Dutch market, with the acquisition of Retail Centre De Lely in Arnhem. This latest acquisition follows Mitiska REIM’s successful entry into the German, French, Spanish and Portuguese markets over the past 2 years.
Retail Centre De Lely is located near the city centre of Arnhem, easily accessible, and is the dominant convenience centre in the area, attracting 1.5 million visitors per year. It comprises 15 retail units, anchored by Jumbo and Lidl supermarkets, and has a total gross leasable area of 10,800m2. The site has free parking for 285 cars.
Commenting on the acquisition, Bram Thomas, Mitiska REIM’s Investment Director for Belgium, France and the Netherlands, said: “Retail Centre De Lely is a strong performing site with high customer footfall, well positioned for shoppers’ daily needs by offering three supermarkets and a range of necessity-driven retail brands. Through our value-add investment approach, we see additional opportunities to upgrade the site and the retail mix in the near future.”
Axel Despriet, CEO of Mitiska REIM, said: “We are delighted to have entered the Netherlands with this latest acquisition. Mitiska REIM is now present across ten countries in Central, Western and Eastern Europe, across which we are able to leverage our expertise in both retail operations and real estate, and our strong relationships with leading national and international retail brands.”
Retail Centre De Lely was acquired by Mitiska REIM from De Hoge Dennen Vastgoed. Mitiska REIM was assisted by Creating Retail Parks and Stibbe during the transaction process. CBRE and Houthoff assisted the Vendor in the sales process.
About Mitiska REIM
Mitiska REIM is Europe’s leading specialist investor in retail parks, focusing on open-air commercial parks above 3,000 m² and at least five retailers, offering convenient shopping, ample free parking and affordable infrastructure. Properties typically offer a mix of necessity-driven retail brands, anchored by a major food store which drives daily footfall.
With over 30 years’ experience, Mitiska REIM are experts in both retail operations and retail real estate, and has built strong relationships with leading national and international retails brands.
Mitiska REIM’s investment model is partnership driven, positioning itself as an active, value-adding investor, in collaboration with experienced local co-investment partners in respective geographies. Its approach is to unlock opportunities and drive superior value creation through the execution of development projects, refurbishment, redevelopment and repositioning of standing assets, and skilled active asset management.
In just 6 years, Mitiska REIM has built a portfolio of 56 properties representing +/- 485,000 m² GLA across Belgium, The Netherlands, France, Germany, Spain, Portugal, Romania, Poland, Czech Republic and Serbia, of which 3 have been successfully sold.
In December 2016, Mitiska REIM announced the successful final closing of its second fund, First Retail International 2, at €223 million. Allowing for gearing the fund’s gross investment capability is up to €500 million.
For further information, please contact:
Investment Director, Belgium, France and the Netherlands
Tel: +32 490 56 50 02
Head of Investor Relations & Corporate Communications
Tel: +32 495 502268