IEF Capital, a joint venture between Bouwfonds Investment Management and the Inflation Exchange Fund (IEF), has sold the shopping centre Smitshof in Soest to Supermarktfonds.nl.
The shoppingcentre, which includes an Albert Heijn-supermarket of 2,300 m2, covers 3,400 m2 of retail and office space and is fully let. The sale price was not disclosed.
IEF Capital has become the largest publisher of Dutch inflation products since 2001 and has built up a substantial property portfolio in recent years. The portfolio of 2.5 billion euro consists of both stores (80 percent), offices and industrial buildings (14 percent) and parking (4 per cent) at A1 locations in large Dutch cities.
Heeneman & Partners is the fund manager of Supermarktfonds.nl. 3stone Real Estate acted on behalf of purchaser Supermarktfonds.nl