Van Doorne advised Retail Estates on the acquisition from Patrizia of the ‘De Bossche Woonboulevard’ retail park.
The firm’s real estate and corporate teams together advised Retail Estates on the acquisition from Patrizia of the ‘De Bossche Woonboulevard’ retail park, via a controlled auction process. The park comprises 29 retail units, all of which were let at the time of acquisition, mainly to retail chains such as Praxis, Mediamarkt, Leen Bakker, Kwantum, Prenatal and X2O. The net rental income amounted to EUR 4.5m.
Our team was involved in every aspect of the acquisition: from the letter of intent and legal due diligence, to the sale and purchase agreement and the notarial transfer of the retail park, including in-depth negotiations on post-closing escrow arrangements.