Today, the real estate of two well-located supermarkets and associated stores in Heusy (near Liège) and Tilff (near Verviers) was acquired from Carrefour Belgium.
On both sites, there is a Carrefour Market of approximately 3000m². These retail spaces are rented by Carrefour Belgium, which leases them to the Groupe Mestdagh, the master franchisee of ‘Carrefour Market’ for Wallonia. In Heusy there is also a Brico of approximately 2000m², leased to Brico Belgium.
These acquisitions fit particularly well with Ulvenhout Retail Invest Fund’s investment strategy, which involves investing in E-commerce resistant real estate. Neighbourhood supermarkets and do-it-yourself stores are branches on which E-commerce has no negative impact, and rather strengthens E-commerce due to the omni-channel approach of Carrefour.com and Brico.be. The densely distributed network and the high visitor frequency of the stores as a collection point are great assets for combining the ‘bricks’ with the ‘clicks’.
This transaction in the province of Liège strengthens the portfolio of Ulvenhout Retail Invest Fund as a leading investment fund that primarily invests in neighbourhood supermarkets. These acquisitions increase the fund’s recurring annual rental income by approximately EUR 850,000.
For more information about this transaction, or about investing in the fund, contact us here.