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Case Study

JLL acted as buy-side advisor for private holding Baltisse in the acquisition of this retail project in Hasselt

JLL acted as buy-side advisor for private holding Baltisse in the acquisition of this retail project in Hasselt. 

The deal concerned the current Kruidvat shop, the former Go Sport shop and the public parking above these shops (Easy Parking).  The entire scheme will be  redeveloped into a project of 8.000 m² spread over 2 units.  A couple of months after the acquisition by Baltisse, the entire project was pre-let to Kruidvat and the department store INNO.

The property was sold by Group GL for a value of approximately 20 million euros.  After the redevelopment, this project will have a value of more than 40 million euros.  

For more information, please contact Jean-Philip Vroninks (+32 2 550 28 80)

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