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Terminal M shopping center in Eindhoven sold to German investor

Shopping center with brown buildings

LSREF5 Solit Meerhoven B.V., managed by Propertize, has sold the Terminal M shopping center in Eindhoven to German institutional fund KGAL.

The district shopping center, built in 2012, is located in the fast-growing Meerhoven district. In addition to the three supermarkets Albert Heijn, Jumbo and Lidl, HEMA and Etos are also present. In recent years, new stores have been added and the Lidl supermarket has been expanded. Below the shops is a parking garage that offers Park & Ride services for travelers to and from Eindhoven Airport.

Meerhoven is an urban extension of Eindhoven. Eindhoven Airport also belongs to the district. Most of Meerhoven is located on the site of the former Pantser Infanterie Rij- en Opleidingscentrum, a military driving school.

Hessel Woltjer, Vice President Real Estate Asset Management at Propertize: “With this sale we complete our strategy for the shopping center. The high occupancy rate and long contracts demonstrate the great confidence of retailers in strong community centers such as Terminal M in Meerhoven, Eindhoven. ”
Alexandra Rosian, Associate Director Capital Markets at Colliers: “The Terminal M shopping center has been very limited by COVID-19 and proves that community centers are and remain the place to be, for both consumers and retail investors.”

Colliers International assisted seller LSREF5 with this transaction, in collaboration with Engel & Völkers.

 

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Alexandra Rosian

Associate Director Capital Markets

Amsterdam

Alexandra has over 12 years experience in real estate with a focus on retail. She joined the Capital Markets team at Colliers in February 2017 and created the Retail Capital Markets team. Today, the team successfully operates in all retail investment segments, from high-street assets to convenience centers and full-fledged shopping centers.

Previously, Alexandra spent 7 years at Unibail-Rodamco-Westfield, responsible for pan-European valuations and afterwards for asset management of office and shopping centre portfolios in The Netherlands. She also spent 1 year at EDGE (formerly OVG), developer of the world's most sustainable office building.

After her MBA, Alexandra worked for the first 5 years in finance in a start-up environment, before finding her passion in real estate since 2008.

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