Today the property of the Spar-Colruyt located at the Overpelterbaan 9 in Hechtel Eksel was purchased. This Spar, belonging to the neighbourhood shop brand Spar-Colruyt, is ideally located on the approach road to the N74 (North-South connection) and has a sales area of 300 m².
The store has a spacious parking lot. In addition, there are expansion possibilities behind the store.
This acquisition fits in with the investment strategy of Ulvenhout Retail Invest Fund, which only invests in a supermarket and other E-commerce resistant real estate. This type of neighbourhood supermarket has experienced strong growth in recent years and meets the needs of today’s consumers who want to be able to shop in a quality, price-conscious, close and efficient manner. The ‘Spar’ neighbourhood-store formula responds to this with its range of fresh products, late opening hours and Sunday openings.
Ulvenhout Retail Invest Fund now has around fifty neighbourhood supermarkets in its real estate portfolio, strengthening its leading position as a real estate investor for neighbourhood stores in Belgium. The current total portfolio value is now around EUR 160 million and generates an annual recurring rental income of around EUR 9.5 million.
For more information on the investment fund or on this transaction, contact us here.