Real I.S. fund buys local retail center in Netherlands

Real I.S. AG has acquired the Keizerslanden local retail center in the Dutch city of Deventer for the specialized real estate alternative investment fund (AIF) Real I.S. BGV VIII Europa. The seller was Orange Capital Partners; the purchase price was not disclosed.

Keizerslanden is the most visited local retail center in Deventer. It has 10,807 square meters (116,326 square feet) of retail space, spread across a total of 33 shops. There are also plenty of parking spaces available in the immediate vicinity for visitors. The planned new development in the adjacent residential area will further increase the appeal of the local retail center over the long term.

"Local retail centers, such as Keizerslanden, have proven to be resilient to the negative impact of the COVID crisis over the past year and a half. The Netherlands is a core market for Real I.S., and, in addition to other asset classes, local retail centers such as Keizerslanden remain attractive investments for our