Retail Estates acquired €81.5m retail park in Rotterdam
Retail Estates has finalized the acquisition of retail park Alexandrium II Megastores in Rotterdam, Netherlands, for €81.5 million ($86.4 million).
All retail units are currently leased out.
Retail Estates has also built a 36.95 percent stake in Alexandrium III Woonmall since October 2022 through a 50-50 joint venture with Westpoort Alexandrium B.V. (family Roobol).
Alexandrium II Megastores, Alexandrium III Woonmall and the regional Shopping Center Alexandrium (Alexandrium I, owned by Klepierre) are part of the largest out-of-town retail area in the Randstad region. The structural connection between the three retail parks creates a very complementary mix and a retail offer that is exceptional for the Netherlands, with a total of 200 retail units over a surface area of 111,500 square meters (1.2 million square feet)
All shops attract 15 million visitors each year.