Deka Immobilien GmbH has acquired the Parkboulevard specialist retail center in Rotterdam.
The parties have agreed not to disclose the purchase price. Completed in 2011, this specialist retail center is situated in a good inner-city location, and the units are leased to renowned retailers.
Dutch chain of interior design stores Woonenexpress is the main tenant. The total lettable floor space amounts to some 25,000 m².
This property will be included in the WestInvest TargetSelect Shopping special property fund. The vendor is VOF Vierhafens, a joint venture of Dutch property developers MAB and DuraVermeer. Cushman & Wakefield advised Deka Immobilien.