Tonight the Lidl at the Engelse Plein 26 in Leuven was opened. This supermarket was formerly an Albert Heijn that had to be sold by the Competition Council to a competing group due to the merger between Delhaize and Albert Heijn.
Lidl has set up a brand new supermarket on 1400m² according to the latest concept, with an extensive fresh and organic department. Investments were also made in an in-house bakery and butcher’s shop. Lidl rents a space of 2200m² and 70 parking spaces from Ulvenhout Retail Invest Fund.
The real estate of Kruidvat and the Easy-M store next to Lidl also belong to the portfolio of Ulvenhout Retail Invest Fund, and were previously acquired from the Ghelamco group through the acquisition of ‘Retail Leuven NV’.
This Lidl is the third Lidl shop in the ever-growing portfolio of E-commerce resistant supermarket real estate. Earlier, the real estate of the Lidl in De Panne and the new to build Lidl in Merksem were acquired by the investment fund.
In the coming months, Ulvenhout Retail Invest Fund will continue to work hard to expand the portfolio of E-commerce resistant real estate. You can read more information about the investment strategy here on this site. Information about these additional acquisitions will follow later.
For more information about this transaction, please contact us here.