Real estate fund ”ShoppingParks”

ShoppingParks

ShoppingParks NV is a non-listed Dutch (closed-end) real estate fund with properties located in Breda, Zaandam, Naaldwijk and The Hague. The fund is initiated and managed by Freeland.

Strategy of the fund
To provide its shareholders the opportunity to collectively, cost-effectively and in a transparent way participate in a professionally managed retail properties in the Netherlands. The company is subject to profit tax and suitable for investments by private investors, taxable companies and pension funds. The shares are non-listed, but they are transferable.

Investment criteria

  • Retail warehouses with a minimum GLA of 25,000 m²
  • Medium/Large cities (catchment area > 100,000 inhabitants)
  • Visible location on city boundary, easily accessible by car
  • Area with strong concentration of economic activity
  • Individual property size > 10 million
  • Strong covenants, residual term of leases > 5 years
  • Retail concepts with strong autonomous attraction or clustering of complementary concept
  • Abundant free parking space

Management
The fund is managed by Freeland Partners (a business unit of the Freeland group). Freeland is an experienced lean and mean organization. Freeland aims for a long term and close relationship with its investors. There is an aligned interest as the fund´s management owns part of the shares as well as the fee structure implemented.

Managing directors
Jacco Mulder and Wilbert van Twuijver

Supervisory board
The fund is supervised by three independent supervisory directors appointed by the shareholders of ShoppingParks N.V.

Top 5 tenants:

  • De Mandemakers Groep
  • Gilde Equity Management
  • Profijt Meubel
  • Trendhopper
  • Swiss Sense