Foreign and local investors eye Multi’s Dutch retail portfolio

A portfolio of local shopping centres in secondary and tertiary cities in the Netherlands owned by Amsterdam-based Multi, part of the Blackstone group, has attracted a mix of foreign and local investors.

Paris-based asset manager Amundi and its Franco-Anglo peer AEW Europe are believed to be in the running alongside local investors including Bouwfonds. Other names linked to the deal include London-based Orion Capital Managers and Canadian retail group Hudson's Bay.

It is understood that the second round of bids has been received for the portfolio, which includes 18 convenience centres in cities such as Dordrecht and Vlaardingen in the west and Emmen and Assen in the east. According to sources familiar with the sale, the price tag for the portfolio is around €300 mln, reflecting a yield of 6.75%.

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The full story appears in the latest weekly edition of EuroProperty, part of the PropertyEU Group.

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