Belgian privately held investment manager Mitiska REIM and its joint venture partner ABLI have sold the Les Dauphins retail park in Mouscron, Belgium for an undisclosed amount.

Belgian privately held investment manager Mitiska REIM and its joint venture partner ABLI have sold the Les Dauphins retail park in Mouscron, Belgium for an undisclosed amount.

The retail park was sold to US group Fidelity Worldwide Investment, on behalf of its open-ended institutional real estate fund, FIREF Eurozone Select.

Les Dauphins offers 23,000 m2 of retail space and 620 parking spaces. Developed in 2013, it features 30 shops and is anchored by Delhaize and H&M. Other occupiers include Krëfel, Zeb, JBC, Maisons du Monde, Pizza Hut and Hema. The retail park is 100% let.

'The sale is in line with our fund strategy, to identify and implement development and value-adding initiatives in the European retail park niche, and then crystallise that value by selling when investor demand is strong,' said Jan Du Bois, director Belgium at Mitiska.

The asset was owned by the group's €200 mln First Retail International fund.The vehicle is expected to be fully invested by end-2015.