This morning, a well-located and attractive retail park was acquired. This park includes E-commerce resistant brands such as Match, Lunchgarden, Traffic and Quick as important attractors.
As a result of this acquisition, Forum Estates NV, formerly Ulvenhout Retail Invest Fund CVA, increases its annual recurring rental income by EUR 1.3 million to almost EUR 12 million The main tenant on this site, which generates about half of the rental income, is a flagship store ‘Food and More’, owned by Match, a brand from the French Cora group. In addition, there is also a Quick, Lunchgarden, Traffic, Jardiland, Troc, and a few local brands and services on this site.
This site is perfectly located, near a motorway exit and the Charleroi public transport hub, near Gosselies. The site is 10ha and has about 20,000 m² of shops. Forum Estates strongly believes in this fast-growing environment, partly caused by the economic dynamics generated by the nearby airport. In addition, the brands are E-commerce resistant, and the retail park has a good retail mix of food and leisure, in addition to Match’s major supermarket ‘Food and More’.
With this acquisition, Forum Estates is once again expanding its portfolio of E-commerce resistant real estate, further building a fund that invests in supermarkets and other E-commerce resistant real estate.
This acquisition was supervised by Cushman & Wakefield.
For more information about this transaction or about Forum Estates NV, please contact us here.