Dutch fund manager PingProperties has announced the sale of the Eudokiaplein shopping and health centre situated in Rotterdam-Noord to the Pension Fund for the Metals and Electrical Engineering Sector (PME) for an undisclosed amount.
The mixed-use complex consisting of a shopping centre and office building has a total floor area of around 10,479 m2 and comprises a modern underground car park with 218 parking spaces.
The shopping centre, with two large supermarkets (Albert Heijn and Aldi), focuses on day-to-day shopping needs. The health centre has a multidisciplinary doctor’s practice, dental practice, paramedic services and a pharmacy. A range of social and public healthcare services, including a dietician, physiotherapy, podotherapy, psychological counselling service and the Youth and Family Centre for the Rijnmond Region, are also based in the centre.
‘We have owned this complex since 2008. During the past thirteen years we have invested lovingly in the place and raised the complex to another level,' said Sander Rovers, head of Asset Management at PingProperties. 'Given the tremendous number of positive developments in the immediate area, Eudokiaplein will continue in the coming years to bring many good things as the heart of Rotterdam-Noord. We congratulate PME for this strong addition to their property portfolio.’
Eudokiaplein is now fully occupied for the long term with a variety of lessees. In 2012 the shopping centre also underwent a large-scale renovation.
The Pension Fund for the Metals and Electrical Engineering Sector was advised by CBRE Global Investors.
