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Private Individual - Buy-side transaction on a large major retail investment property in the prime retail street of Bruges

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The Challenge

The challenge was to identify the best buyer and to approach the owner in order to convince him to sell his asset.

The total built net area – which is fully let to the well-known quality tenant ZARA Kids – is approximately 580 sq.m.. This landmark building enjoys a frontage of approximately 11 meters.

The Solution

After contacting a few investors, we identified a private client who was willing to go the extra mile in order to acquire the asset.

We approach the owner with a very aggressive LOI and were able to convince him to sell his property.

The Results

We were able to obtain a sales price of € 5.750.000, which resulted in a net yield of approximately 4.50 %