French asset management firm Corum has acquired shopping centre Mosae Forum in Maastricht from CBRE Global Investors.
Financial details were not disclosed.
CBRE Global investors said it offloaded the 14,000 m2 asset on behalf of the CBRE Dutch Retail Fund.
Mosae Forum comprises 17 units and is fully let to retail brands including Jumbo supermarkets, H&M and The Sting. Mosae Forum was developed in 2003 and been part of the CBRE Dutch Retail Fund ever since.
CBRE Global Investors revealed that it plans to reinvest some of the proceeds from the sale in the redevelopment of Amsterdam Poort, another shopping centre in its portfolio.
The CBRE Dutch Retail Fund is an unlisted real estate fund with €1.3 bn of assets under management which focuses on inner-city neighbourhood retail centres and sustainable and scalable mixed-use investments.
CBRE Global Investors was commercially advised by CBRE, legally by CMS and technically by SGS Search. Buyer Corum Asset Management was advised by Cushman & Wakefield, DLA Piper and Arcadis.
The deal came after Corum confirmed it had found buyers for two mixed-use properties in the Bio Science Park in Leiden. The properties, which have both been owned by the Corum Origin fund since 2016, will be sold for a total of €41 mln, representing a capital gain of €12 mln.
The first building, which was bought at the time for €13 mln, was sold at the end of July for €20 mln. The sale of the second building will take place in December: the property was purchased for €16 mln and will be sold for €21 mln.
