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Brouwhorst Shopping Center in Helmond. Credit: Altera

Altera buys convenience center in Helmond (NL)

Altera Vastgoed NV has purchased the Brouwhorst neighbourhood shopping center in Helmond. The object is an open-air convenience center servicing the local community and was built in 1987. It consists of six blocks and was partially renovated in 2015.

Brouwhorst has a total surface area of approximately 7,134 sq m GFA with 28 lettable units and free parking facilities. The acquisition follows the purchase of two individual supermarkets in Nijmegen and Lisse earlier this year.

Altera’s CEO, Jaap van der Bijl, states, “With the acquisition of Brouwhorst, we have increased our portfolio of supermarkets and neighborhood shopping centers to over 80%. In terms of investment, our vision and our strategy are focused on the convenience segment. The pandemic has strengthened our conviction that this is the right approach, revealing this segment to be a very stable choice within the retail market.”

Helmond’s Brouwhorst Shopping Center is located in the province of Noord-Brabant, approximately 20 kilometers east of Eindhoven. The shopping center is easily accessible from the various provincial roads around Helmond, with ample free parking in the immediate vicinity. 

The center offers a mix of national and local retailers, including two supermarkets (Albert Heijn and Jumbo), specialist fresh food shops and personal care retailers, supplemented by eateries and service providers.

For this purchase, Altera received commercial assistance from MaXoz, in addition to technical advice from SGS Search and legal advice from Dentons. The property will be managed by Colliers.