Altera sells retail property on Karrestraat in Breda

Real estate investor Altera Vastgoed NV (hereafter: Altera) has successfully sold a retail property on Karrestraat in Breda. The store, with a total floor space of over 392 sq m, is currently leased to shoe retailer Ziengs.

With the sale of this property in Breda, Altera continues to strengthen its strategic focus on Food & Convenience real estate.

Erwin Wessels, Altera’s CIO, says: “Convenience real estate in areas with robust demographics contributes to a stable direct return for our investors and is less sensitive to the effects of e-commerce and cyclical changes. This sale takes our convenience portfolio above 75 per cent, a figure that will continue to rise in the coming period as a result of acquisitions, sales and asset management activities.”