Qrf City Retail, the specialist in inner-city retail property, has acquired five premium retail premises (some with residential accommodation above), spread across a variety of top locations in the Netherlands.
The premises, located in Den Bosch, Maastricht, Enschede, Nijmegen and Zwolle, are leased to established concepts such as America Today, KFC, Mango and Only.
The total investment value of the properties amounts to 28.8 MEUR. Together, the premises generate more than 1.38 MEUR in annual rental income. This transaction lifts the Fair Value of the property portfolio to approximately 280 MEUR.More info
The acquisitions made in 2016 contributed to the growth of the real estate portfolio and the positive movement in the operating results. In 2016 Qrf succeeded in increasing its EPRA result per share by 6.8% to 1.59 EUR. It also raised the gross dividend to 1.34 EUR per share.More info
Qrf City Retail has finalised the sale of two non-strategic retail premises, situated in Bruges (Legeweg 146-148) and Merksem (Bredabaan 448-452).More info