KGAL Investment Management has announced the acquisition of the Terminal M local shopping centre in Eindhoven on behalf of a pan-European real estate fund.
The 11,000 m2 centre comprises 25 shops and is anchored by three major supermarkets: Lidl, Jumbo and Albert Heijn.
Terminal M features a wide range of stores with strong anchor tenants plus a day-care centre, dentist and 564-space car park. The development of new office space within Terminal M’s catchment area is expected to boost footfall at the centre further.
‘Eindhoven is a hub for tech businesses in The Netherlands and its population has been growing for several years. This was an opportunity to acquire a popular shopping centre in the Meerhoven district of the city,’ said André Zücker, managing director of KGAL Investment Management with responsibility for real estate.
