“We have been advising Equity Estate for over 15 years and have greatly enjoyed the relationship and seamless collaboration with the Equity Estate team.

Jean-François Vandenberghe, Lawyer (partner), Baker & McKenzie, Brussels

Propco expands portfolio with DIY-store in Beuningen

10-4, 2017

For the expansion of the Propco portfolio, Equity Estate has acquired a DIY-store located at the Claudiuslaan 62, in Beuningen. CBRE Global Investors divested the property, after recently having extended the lease agreement. The building comprises nearly 5,500 m² and offers ample parking facilities on site.

Van Neerbos Bouwmarkten recently signed a substantial extension of their lease agreement to ensure a long-lasting continuation of one of their Gamma franchises at this specific location. Van Neerbos Bouwmarkten is the largest franchise holder of Intergamma, owning/operating more than 150 stores in The Netherlands and Belgium, and is part of the stock listed CRH conglomerate, one of the worldwide market leaders in the field of building materials.

After the acquisition of two industrial/logistic buildings in Dordrecht and Rijnsburg in 2016, this is the third acquisition for Propco. The intention is to further expand the portfolio to a size of around EUR 50 million, with long-term leases on strong locations. Van Benthem & Keulen acted as the legal advisor on behalf of Equity Estate, whilst BVVL winkel vastgoed adviseurs acted as the commercial advisor of the seller during the entire process.

 

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