Convenience retail real estate specialist, Mitiska REIM, has acquired the Trefbox Venlo retail convenience centre in the Netherlands from HighBrook investors.
Financial details were not disclosed. Acquired in a joint venture partnership with Everglow Real Estate, Mitiska REIM plans to redevelop the centre into a modern and sustainable convenience retail hub for the city and wider catchment area.
Located in the city of Venlo, close to the Dutch-German border, Trefbox Venlo is situated in an established commercial zone and close to residential areas, with direct access to the A67 motorway which connects the Netherlands and Germany. Because of its strategic location, footfall comprises a mix of local, regional and cross-border shoppers.
Source: propertyeu.info on the 18th of November