The portfolio consists of 16 retail assets with a total surface area of 84,682sqm, of which more than 75% is located in the Randstad conurbation. Anchor retailers in the portfolio include the supermarket chains Ahold, Jumbo, Lidl and Hoogvliet. With the acquisition the convenience retail portfolio of Orange Capital Partners has grown to a total of 28 assets with an aggregated size of 150,000sqm.
Casper Vernooij, partner at Orange Capital Partners, commented: “The portfolio comprises of predominantly convenience retail assets which is at the heart of our strategy. The acquisition further adds to our existing portfolio in the Netherlands. We will use our expertise and local knowledge to invest in these assets and make them more attractive to both retailers and local consumers.”
Orange Capital Partners is a real estate investment- and asset management company founded in 2014. Orange Capital Partners acts as a joint venture partner for international pension funds, investment banks and family offices for real estate investments in the Netherlands. The company has two separate investment teams focused on Dutch residential and Dutch retail opportunities. Orange Capital Partners has an outstanding track-records in sourcing, executing and managing complex real estate transactions. Since inception Orange Capital Partners has successfully closed more than €700mn of deals.