Diverse convenience store portfolio let to Dutch retailer, HEMA

Special Situation
HEMA
HEMA

Overview

Off-market acquisitions of 38 convenience retail assets in the Netherlands leased to HEMA

HEMA is a prominent retailer in the Netherlands, offering a wide range of well designed, good value everyday household items, under the HEMA brand name

Platform
Year
2016
Asset type
Dutch Retail
Location
Netherlands
HEMA

Investment Highlights

  • Assets form the backbone of HEMA's core business
  • Located in A locations with redevelopment upside for some assets
  • Off-market transaction with seller forced to liquidate fund
  • Affordable rent to revenue ratios
  • Attractive cash on cash yield
HEMA

Achievements

  • 15 assets sold to date in nine transactions
  • Re-geared 17 assets to 10 year leases with HEMA

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HEMA
HEMA

ESG

Acquired at a discount to market value. Tangible value creation through lease re-gears and asset sales at a premium to cost basis

HEMA
Portfolio

Originating & executing
on compelling transactions

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Exclusive franchisee for the easyHotel brand in the Benelux region
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Waste to energy strategy with operating partner Clean Planet Energy
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Diverse convenience store portfolio let to Dutch retailer, HEMA
HEMA
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SIRCLE
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