KGAL Investment Management has acquired its third local retail centre in the Netherlands for a European real estate fund. The Carnisse Veste shopping centre is in Barendrecht, on the southern edge of Rotterdam, is fully leased and comprises 40 rental units across 16,295 square metres. It also has a covered car park with 470 parking spaces. The asset was acquired for an institutional fund that KGAL has managed since 2014, the firm said, adding that around two-thirds of the fund is invested in office properties and around one-third in retail assets. The portfolio currently comprises 51 properties. The seller of the property is PingProperties.
Source: IPE Real Assets on 19 March 2025
https://realassets.ipe.com/news/kgal-acquires-third-retail-centre-in-netherlands-for-european-real-estate-fund/10135852.article