Insurance group Delta Lloyd has sold 15 shopping centres and districts for €273m to a European investment fund.
EPISO 4 (European Property Investors Special Opportunities 4) has bought the properties with Sectie 5 Investments, based in Amsterdam.
Most of the shopping centres are located in Amsterdam, The Hague, Rotterdam and Utrecht.
Episo4 was advised on the deal by investment manager Tristan Capital Partners.
Ali Otmar, managing director investments at Tristan Capital Partners, said: “This is the second investment in the Netherlands made by the fund in the space of six months.
“Well-located retail assets like these will benefit as consumer confidence improves, a theme that we have pursued already in Germany and the UK,” he said.
“This portfolio combines a solid convenience-focused tenant base serving good catchments areas with plenty of asset management opportunities.”
