Amsterdam, 2 November 2021 - Van der Vorm Vastgoed Groep sells shopping centre in Etten-Leur to Sectie5
On 1 November, Sectie5 bought the Molenpassage shopping centre in Etten-Leur for its investment fund S5 Forum Fonds.
The 3,100 m² shopping complex, which was completed in 2016, consists of eight shops and an underground car park with around 100 parking spaces. The Molenpassage houses a Dirk supermarket (approximately 2,000 m²), Dirck III liquor store, Kruidvat, Van Disseldorp de Echte Bakker, Kaasgenoten, Beekers Groente en Fruit and Van Boxtel Hoorwinkels.
Van der Vorm Vastgoed Groep is a private real estate company located in Rotterdam and Belgium with an (inter)national real estate portfolio consisting of houses, offices, and shops. In addition, Van der Vorm Vastgoed develops properties for its own portfolio. Van der Vorm Vastgoed Groep invests in real estate in the Netherlands, France, England and Poland.
The shopping centre will be added to Section5's S5 Forum Fund, which was recently expanded by acquisitions in Zutphen and Hardenberg. Since the establishment of S5 Forum Fund in 2019, three issues have been successfully subscribed. Investors can apply to participate in each new issue of the fund. With the new acquisition, the portfolio consists of eleven properties, in addition to Etten-Leur located in Leeuwarden, IJsselstein, Valkenswaard, Vaals, Mierlo, Hoogeveen, Ede ,Velp, Hardenberg and Zutphen. S5 Forum Fund is the 19th supermarket-related property fund (and the first supermarket-related growth fund) launched by Sectie5 in cooperation with Reyersen van Buuren Vastgoedbeleggingen B.V.
Lexence and Rechtstaete provided legal and fiscal advice to Sectie5. Van der Vorm Vastgoed Groep was assisted by Houthoff and McDevitt in this transaction.