German investor Deka Immobilien has acquired the Les Dauphins retail park in Mouscron, Belgium, from the Fidelity international real estate fund for an undisclosed price.
The retail park was built in 2013 and consists of two buildings arranged around an open area with 620 parking spaces, a playground and a café.
According to Deka, the deal represents the debut transaction for the WestInvest TargetSelect Shopping fund in Belgium. It also increases the share of the fund invested in retail parks.
The retail park comprises around 23,000 m2 of leasable space and is leased to 29 brands. The principal tenants are supermarket Delhaize, home appliance store Krefel, furniture and home decor company Maison du Monde and H&M.
Mouscron is located in the Wallonia region of Belgium close to the French border, around 20 km from Lille.
