CBRE Global Investors, acting on behalf of the CBRE Dutch Retail Fund, has sold the Waagstraatcomplex in Groningen - a mixed-use complex in the city centre - to Vastgoed Groningen B.V. The Waagstraatcomplex is located directly next to the city hall and situated at the intersection of the main shopping street (Herestraat) and the central city squares Grote Markt and Vismarkt.
The fully let complex has a total floor area of approximately 11,000m² combining offices, residential, and retail/hospitality. The shopping area comprises of 14 retail units leased to international, national and local retailers such as Bookstore van der Velde, the iconic News Café, Rituals and Burger King. The office floors, which are leased to Belsimpel, are located on the upper floors, as are the 24 apartments. The divestment of the Waagstraatcomplex is part of the ongoing improvement of the quality of the portfolio. The proceeds from the sale will be reinvested in the redevelopment of Amsterdamse Poort as well as other projects.