Unifore successfully acquires two DIY stores

Unifore is pleased to announce that it has successfully completed the acquisition of two DIY stores in the Netherlands.

The first asset consists of a DIY store and garden centre of in total 12.535 sqm, located in the Amsterdam Westpoort business park and fully leased to Praxis. The second asset is fully leased to Gamma and consists of a DIY store and garden centre of in total 6.558 sqm, located on business park Snippeling in Deventer.

The transfer took place by means of a share transaction of the two SPV’s that own the two properties, after which the two entities were recapitalized with amongst others a new senior loan Unifore arranged with Deutsche Postbank.

In this transaction Unifore was assisted by Wintertaling (Notary), Sight (Legal), Londen & Van Holland (Financial) and Amstelius (Technical advisor).

For more information you can contact Jeroen van Spaendonck at vanspaendonck@unifore.nl or + 31 6 25092504