Diverse convenience store portfolio let to Dutch retailer, HEMA
Special Situation
![HEMA](https://assets-global.website-files.com/65b0f8a3661b879f344eabdb/65c24bb2b6d427ec5d38506a_hema-crossroads-re-hero.jpg)
![HEMA](https://assets-global.website-files.com/65b0f8a3661b879f344eabdb/65c24bc8008ef522aee3e566_hema-overview-1.jpg)
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](https://assets-global.website-files.com/65b0f8a3661b879f344eabdb/65c24bca6ec7a447108494e7_hema-overview-2.jpg)
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](https://assets-global.website-files.com/65b0f8a3661b879f344eabdb/65c24be6966790b77c685f72_hema-crossroads-wide.jpg)
Achievements
- 15 assets sold to date in nine transactions
- Re-geared 17 assets to 10 year leases with HEMA
![HEMA](https://assets-global.website-files.com/65b0f8a3661b879f344eabdb/65c24bebf9cfe505c39cc5b8_hema-achievements-1.jpg)
ESG
Portfolio