Dutch real estate fund manager Annexum and debt fund advisor Aukera today announced that they have successfully arranged the refinancing of a portfolio consisting of supermarkets in the Netherlands. Annexum concluded a senior financing of EUR 38 million through a fund advised by Aukera. The purpose of the transaction was to refinance existing debt on the Dutch part of the portfolio of ‘German Dutch Supermarket Fund’.
The financed portfolio consists of twelve supermarkets in ten cities in the Netherlands. The assets span 25,200 sq. m and generate a gross rental income of c. EUR 4 million. The portfolio is with 99% highly occupied by a strong tenant mix of prominent supermarket and retail chains.
“This refinancing is an important milestone for the financial outlook of the fund and simultaneously offers a strong foundation for further growth”, says Ronald Jansen, partner at Annexum. “Supermarkets continue to be an attractive investment offering stable and long-term cash flows. We are very pleased to have completed this financing together with the experienced team of Aukera”, he concludes
In 2022, Aukera granted loans totaling of more than EUR 410 million and increased commitments of its funds to approximately EUR 1.2 billion. “Annexum takes an active approach to constantly optimize portfolios with strong cash flows. This highly matches with our own principled investment approach”, says Patrick Züchner, CIO Aukera. “At the same time, this financing further strengthens the presence of our team in the Netherlands, which has now been ongoing since 2015”, Lars Armgart, CEO Aukera adds.
In this transaction, Aukera was advised by Bryan Cave Leighton Paisner and Voorhorst Van Waegeningh Advocaten. Annexum was advised by CMS and PwC.
