BMO Real Estate Partners has acquired a portfolio of retail and logistics properties across Belgium, Germany and the Netherlands for €52 mln.
BMO Real Estate Partners has acquired a portfolio of retail and logistics properties across Belgium, Germany and the Netherlands for €52 mln.
Referred to as the European Portfolio, the package is a mix of supermarkets, retail outlets and logistics buildings operated by international retailers Carrefour and H&M.
The portfolio comprises almost 26,000 m2 of retail and 44,000 m2 logistics space.
The retail assets are a 12,735 m2 Carrefour estate in Ans and a 3,120 m2 H&M unit in Mons city centre, both in Belgium, as well as three C&A retail units in the Netherlands: one each in Utrecht, Dordrecht and Spijkenisse.
The three logistics assets are primarily let to logistics group Logwin and Veltins, a beer manufacturer and soft-drinks logistic operator.
Zvi Noé, director of investments at BMO Real Estate Partners: ‘This is a unique portfolio of pan-European assets across a number of jurisdictions. This purchase highlights our ability to execute complex deals and our continued growth and strength in the market.'
BMO Global Asset Management (Europe), a subsidiary of Bank of Montreal, completed the acquisition of London-based F&C Asset Management in May 2014 and rebranded the business as BMO Real Estate Partners.
Top Investors
BMO REP is currently in 45th in PropertyEU's ranking of Top Investors in European real estate by assets under management. The company manages a global real estate portfolio worth £7.2 bn (€9.8 bn) on behalf of individuals, professional investors, property trusts and institutional clients.
Click here and log in with your subscriber information to read BMO REP's profile and ranking in our Top Investors App
