Deka Immobilien has acquired the “Les Dauphins” retail park in Mouscron, Belgium, from the Fidelity International Real Estate Fund. The parties agreed not to disclose the purchase price.
The retail park was built in 2013 and consists of two buildings with covered walkways arranged around an open area with 620 parking spaces, a playground and a café. The scheme offers c. 23,000m² of space and is leased to 29 tenants, including the full-range supermarket Delhaize, the home appliance store Krefel, the furniture and home decor company Maison du Monde and H&M.
Mouscron is located in the Wallonia region of Belgium close to the French border, around 20 km from Lille. “Les Dauphins” offers excellent transport access and is well-established regionally with a large share of stores for daily needs.
This transaction allows the fund management of WestInvest TargetSelect Shopping to enter the market in Belgium. It also increases the share of the fund invested in retail parks.
