Altera acquires Brouwhorst convenience centre in Helmond

Altera Vastgoed NV (hereafter: Altera) has purchased the Brouwhorst neighbourhood shopping centre in Helmond. It is an open-air convenience centre servicing the local community and was built in 1987. It consists of six blocks and was partially renovated in 2015. Brouwhorst has a total surface area of approximately 7,134 m2 GFA with 28 lettable units and good free parking facilities. The acquisition follows the purchase of two individual supermarkets in Nijmegen and Lisse earlier this year.

Altera’s CEO,

Jaap van der Bijl

, states, “With the acquisition of Brouwhorst, we have increased our portfolio of supermarkets and neighbourhood shopping centres to over 80%. In terms of investment, our vision and our strategy are focused on the convenience segment. The pandemic has strengthened our conviction that this is the right approach, revealing this segment to be a very stable choice within the retail market. Our food and convenience retail portfolio represents a particularly attractive investment for institutional investors, offering a higher direct return while being sustainable and less vulnerable to e-commerce and business cycles.”

Brouwhorst

Helmond’s Brouwhorst Shopping Centre is located in the province of Noord-Brabant, approximately 20 kilometres east of Eindhoven. The shopping centre is easily accessible from the various provincial roads around Helmond, with ample free parking in the immediate vicinity. The shopping centre’s location is close to Helmond Brouwhuis railway station and various bus stops makes it easily accessible by public transport.

The centre offers a mix of national and local retailers, including two supermarkets (Albert Heijn and Jumbo), specialist fresh food shops and personal care retailers, supplemented by eateries and service providers (most notably in healthcare).

For this purchase, Altera received commercial assistance from MaXoz, in addition to technical advice from SGS Search and legal advice from Dentons. The property will be managed by Colliers.