Jul 2022
Citymall Almere July 2022
Sole Financial Adviser
€ 156 million
Acquisition of Almere Centrum

Almere Centrum

Sole Financial Adviser

Kempen & Co acted as Sole Financial Adviser to UMB Group in the acquisition of Almere Centrum from Unibail-Rodamco-Westfield

Transaction highlights

  • Shopping mall Almere Centrum counts 87,000 sqm of GLA, offers a home to a wide range of approximately 100 tenants in cosmetics, electronics, department stores, fashion and various food and leisure outlets and clearly marks the center of Almere’s retail district
  • UMB Group will exert further emphasis on the symbiotic relationship between retail and leisure and aims to expand the food and leisure segment in Almere Centrum to increase the diversity of the offering in order for Almere Centrum to appeal to a wider audience
  • Almere is one of the most attractive geographies in close proximity to Amsterdam and one of the few Dutch cities with the ability to offer a solution to the structural housing shortage with plans encompassing the development of c.75,000 units in the “Amsterdam Bay Area”
  • The acquisition price amounts to €155.7 million, therewith being equal to the latest appraised value and the transfer has been arranged by means of a share deal

About UMB

  • UMB Group, incorporated in 2008, is an Amsterdam based real estate developer, investor and asset manager with substantial local knowledge
  • UMB Group is active across sectors and has recently been most active in the residential office and retail sectors in

Kempen & Co Real Estate credentials

  • Kempen & Co has advised on more than €125 billion real estate transactions across 15 different countries in Europe