Credit: Altera
Investment | Ticker

Altera sells Utrecht retail park to abrdn

Altera Vastgoed sold its property on Kaap de Goede Hooplaan in Utrecht to an abrdn fund.

The retail park (11 units) on Kaap de Goede Hooplaan is fully let to tenants including Goossens, Hartog Wonen, Swiss Sense and X2O. It is part of the Utrecht home furnishing center (Kanaleneiland), which has extensive free parking right outside. 

Erwin Wessels, CIO of Altera, said: “Based on our investment strategy for the retail fund, this was the right time for us to dispose of this large-scale site. We are therefore delighted with this transaction, which will make Food & Convenience an even more dominant part of the retail fund.”

By implementing its purchase and sale program, coupled with its letting and sustainability activities, Altera further strengthened its portfolio, focusing entirely on investments in the everyday grocery shopping segment. This is a stable segment of the retail market and represents an attractive investment for institutional investors, offering a higher income return while being sustainable and less vulnerable to e-commerce and business cycles. 

Ties Priester, Head of Transactions for abrdn, said: “Given the forecast 1.5% volume growth for the Dutch retail market in 2022, after two years of contraction, this is the right time for us to acquire retail. The challenge, however, is finding the right location, and we have certainly succeeded in this case.”

Altera was advised on the sale by Cushman & Wakefield and Dentons. The buyer was assisted by Colliers.

Tags: ,

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Belgrade Fashion Week Teams up with Belgrade’s Top Shopping Centers

During the May MPC shopping centers in Belgrade hosted a wide range of fashion events in cooperation with Belgrade Fashion Week.

NEINVER begins works on “Alpes The Style Outlets”

Alpes The Style Outlets will be NEINVER’s second outlet center in France and marks the company’s 17th outlet centre across 6 European countries. The scheme boasts an exceptional location near the Swiss border. Brands such as Adidas, Guess and Levi’s have already confirmed their presence.


Consumer behaviors and the business environment are changing fast under the global circumstances. Therefore, it is critical for real estate development companies to keep a pulse on both. The consumer is today at the heart of business more than ever before, say Jovana Cvetković and Nemanja Bućinac from MPC Properties.

Top 20 Store Openings to Watch in April 2022

Shopingy Mall Analyser and ACROSS Magazine present the top 20 store openings to watch on a monthly basis. Find here the exclusive data for April 2022.

The s.Oliver fashion brand has arrived in Belgrade

s.Oliver chose MPC Properties shopping centers network, UŠĆE Shopping Center, BEO Shopping Center and Delta City, to enter the Serbian market.

Atrium Promenada refurbishment is well underway

Over 80% of the redevelopment of Atrium Promenada in Warsaw is now pre-leased. Upon completion, the refurbished flagship will house over 150 retail and service units in the latest concepts. The completion of the renovation is scheduled to open in the second quarter of 2023.