The successful sale of the Dordrecht, the Netherlands

Capreon are pleased to announce the successful completion of the disposal of a retail unit located in Dordrecht, the Netherlands. This instruction involved working together with Kroese Paternotte and CMS to deliver the sale of one of the last few assets in this particular club deal. The unit, let to a Dutch multinational chain of retail clothing stores C&A, was acquired in 2014 as part of a larger pan-European portfolio that included retail, supermarkets and logistics assets in Germany, Belgium and the Netherlands.

Leo Caciolli Vice President - Investments commented:

The successful sale of the Dordrecht, delivered at a price in line with our expectations, was a smooth fast process.

This is a great achievement for Capreon in the European commercial real estate market.

The unit has performed very well during our ownership and will now be owned and managed by local investors that aim to redevelop the entire complex. We wish them luck and are confident they will deliver a great product for this beautiful Dutch city.