Advisors in Magna Plaza deal (NL)

In the Magna Plaza deal, that was announced in the Europe Real Estate newsletter of last Friday, Berhouwe Vastgoed acted on behalf of Akron Group. CB Richard Ellis advised the investors.

Uni-Invest Holding BV has sold the landmark shopping center Magna Plaza in Amsterdam to the Dutch real estate investment fund MP Monumenten NV for the amount of €48.1 million.

Magna Plaza is a one of a kind shopping center in the city center of Amsterdam. There are currently some 40 quality shops - including top brands like Replay, Swarowski and the Body Shop - housed in Magna Plaza. The total surface area is 6,500 m².

The objectives of the new owner are to further strengthen the healthy, strong position of Magna Plaza, boost visitor frequency and increase the turnover of the shopping center. To that end, some refurbishment and upgrading will be carried out at Magna Plaza.

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