Mitiska REIM has announced its entry into the Dutch market, with the acquisition of Retail Centre De Lely in Arnhem from De Hoge Dennen Vastgoed. This latest acquisition follows Mitiska REIM’s successful entry into the German, French, Spanish and Portuguese markets over the past 2 years. The purchase price was not disclosed.
Located near the city centre of Arnhem, Retail Centre De Lely is the dominant convenience centre in the area, attracting 1.5 million visitors per year. It comprises 15 retail units, anchored by Jumbo and Lidl supermarkets. The asset has a total gross leasable area of 10,800m², and offers free parking for 285 cars.
Commenting on the acquisition, Bram Thomas, Mitiska REIM’s Investment Director for Belgium, France and the Netherlands, said: “Retail Centre De Lely is a strong performing site with high customer footfall, well positioned for shoppers’ daily needs by offering three supermarkets and a range of necessity-driven retail brands. Through our value-add investment approach, we see additional opportunities to upgrade the site and the retail mix in the near future.”
Axel Despriet, CEO of Mitiska REIM, said: “We are delighted to have entered the Netherlands with this latest acquisition. Mitiska REIM is now present across ten countries in Central, Western and Eastern Europe, across which we are able to leverage our expertise in both retail operations and real estate, and our strong relationships with leading national and international retail brands.”
