Patrizia Immobilien has invested approximately €340m ($376m) in a Dutch high street portfolio.
The German investment manager said it bought 145 retail, residential and office units in the Netherlands.
The assets were acquired for its recently launched Dutch High Street Retail Fund 1, backed by institutional investors.
The portfolio includes 107 retail properties, including assets in Amsterdam’s Kalverstraat and in Spuistraat in The Hague.
Tenants include H&M, Zara, C&A, Adidas and Apple, as well as domestic chains.
Peter Helfrich, managing director at Patrizia Netherlands, said: “These are the kinds of trade properties that will remain strong whatever happens with respect to long-term online shopping trends.
“The retail trade environment is going through a period of change, reflected by rising demand for top shopping locations, so this makes these properties excellent in terms of value retention.”
Patrizia said 35 residential properties and three office villas were also in the portfolio.
Patrizia opened an Amsterdam office last year, hiring Peter Helfrich as managing director from CBRE Global Investors.
The company then bought 5,500 flats from Dutch housing association Vestia in the biggest property transaction in the Netherlands to date.