Amsterdam-based Redevco has purchased a listed retail building in Utrecht from Breevast. The refurbished building is fully let to Spanish retailer Zara which opened its new store in the Netherlands last week.
Amsterdam-based Redevco has purchased a listed retail building in Utrecht from Breevast. The refurbished building is fully let to Spanish retailer Zara which opened its new store in the Netherlands last week.
The building is situated in a prime retail location in the old city centre and provides approximately 1,575 m2 of retail space. Breevast was advised by Kokelenberg & Ouwehand.
Redevco is an independent international real estate company, managing and developing one of the largest retail portfolios in Europe, currently valued at EUR 7.2 bn. The portfolio comprises over 750 properties in top locations throughout 20 countries. The company also operates in Asia, where it is building a retail portfolio in the larger metropolitan areas, with a focus on China.
The portfolio of Redevco Netherlands currently consists of 88 properties representing a value of EUR 575 mln.
