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Retail park transaction in Mouscron

Image: RetailDetail
Image: RetailDetail

The attraction of retail parks outside of the main shopping hubs has been confirmed by a transaction in Wallonia. Deka Immobilien has announced that it has acquired the ‘Les Dauphins’ Mouscron, from the Fidelity International Real Estate Fund. The parties agreed not to disclose the purchase price.

The retail park was built in 2013 and consists of two buildings with covered walkways arranged around an open area with 620 parking spaces, a playground and a café. The scheme offers c. 23,000m² of space and is leased to 29 tenants, including the Delhaize supermarket home appliance store Krefel and furniture and home decor company Maison du Monde. Fashion retailer H&M also has a unit in the centre.

Mouscron is located in Wallonia close to the French border, around 20 km from Lille. ‘Les Dauphins’ offers excellent transport access and is well-established regionally with a large share of stores for daily needs.

This transaction allows the fund management of WestInvest TargetSelect Shopping to enter the market in Belgium. It also increases the share of the fund invested in retail parks.


This transaction allows the fund management of WestInvest TargetSelect Shopping to enter the market in Belgium. It also increases the share of the fund invested in retail parks.
Tim Harrup
04-06-2019


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