Racine assists Pertinea Property Partners on two of its latest acquisitions

Racine is proud to have assisted RE-tail Return Partners II – a private equity real estate fund sponsored by Pertinea Property Partners – on the acquisition of the retail park Parenthèse located in Gosselies (Belgium) from developer Equilis.

The retail park encompasses ca. 10,000 sq.m. of shopping area divided over 9 stores and is let to chains such as Carrefour, Hubo, JYSK, Vanden Borre Kitchen, Impermo, BNP Paribas and Sushiworld.

Read press release.

This transaction follows the earlier acquisition this year of the shares of Immo Bree Invest nv, the company controlling the Gerkens retail park in Bree.

Gerkenspark encompass together ca. 11,500 sq.m. of shopping area divided over 9 stores, including Jumbo, McDonald’s, Jysk, X2O, Torfs, ZEB, vanHaren, Yess! and Impermo.

More at: https://www.pertinea.com/news/bree-draft/

Racine assisted Pertinea on both transactions with a multidisciplinary team led by partner Anthony Van der Hauwaert with the support of Stijn Claeys, Sien Vermeesch, Arne Baert, Joeri Leten and Alexis Debier.

We would also like to thank the colleagues at Cazimir for their tax support.