Amsterdam, 23 April 2024
Multi Corporation continues expansion of its fast food portfolio in the Netherlands
Amsterdam, April 23, 2024 – Multi Corporation, a leading European retail management and development company, is delighted to announce the acquisition of a newly developed fast food asset in Kampen, the Netherlands. The property is leased for 15 years to KFC, which opened its restaurant in March, and represents Multi Corporation’s third fast food property acquisition following two acquisitions in 2023. The property was developed by TBW Projects, part of Dutch independent investor tB Investments.
As part of its broader strategy, Multi Corporation, which manages a range of retail and mixed-use assets across Europe, has identified the fast food sector as a significant growth opportunity. The acquisition reflects the Company’s confidence in the outperformance of conveniently located and high-specification fast food properties. The fast food sector has shown resilience in the last 10 years, outpacing the retail and general F&B sectors in the Netherlands, based on turnover value.
Kampen is a small city centrally located in the Netherlands and the newly built asset is optimally located next to the main freeway intersection of the city, with over 30.000 vehicles passing each day. The property is part of a larger retail cluster, which includes a retail park and several standalone food and beverage outlets. The newly developed KFC includes a drive-thru and 42 parking spaces, including six electric vehicle charging stations. The building has high sustainability accreditations, including an A+++ EPC rating.
Rogier Hetterschijt, Head of Acquisitions at Multi Corporation, commented: “We are excited to add the newly built KFC in Kampen to our fast food portfolio. This property is ideally located and with an A+++ energy rating the asset aligns excellently with our portfolio objectives. We continue to search for additional suitable assets across the Netherlands and neighboring countries to expand our portfolio of fast food assets.“
