Strategy Retail

Cairn Real Estate located in Amsterdam, is the Dutch subsidiary of MPC Capital.

The Cairn Real Estate retail strategy is based on food anchored neighborhood shopping, focusing on assets that have one or two supermarkets and some other smaller retail units that offer basic, daily needs to the people that come and shop in the area. Cairn anticipates a consistently stable development in demand from the local supply of everyday items via supermarkets, drugstores and bakeries. Over the past eight years, supermarket revenues in the Netherlands have grown by around 2.5% per annum.

The centers are usually located in residential areas and serve the people that live nearby. The focus lies on locations where value can be added by stabilizing the lease agreements, optimizing the tenant mix and (potentially) adding value through repositioning the center and/or the development of residential units around it.

Activities

In a joint venture with the private investment firm AT Capital Group, Cairn has acquired a portfolio of ten supermarket-anchored retail assets for local supply in the Netherlands. The portfolio, with gross retail space of around 27,500 sq.m, was acquired for EUR 60 million. The bulk of the properties are classified as core properties. For a further portion, Cairn intends to gain added value through targeted improvements to the building quality and tenant structure. Approximately 98% of the space is let to high value clients including supermarket chains such as Albert Heijn, Aldi, EMTE and Jumbo.

Management

Maarten Briet

Maarten Briet

Managing Director Cairn Real Estate (Netherlands)

Maarten Briet is Managing Director at Cairn Real Estate. He joined Cairn in 2010 as Managing Director Netherlands and has 15 years of Asset Management experience. Previously to this he worked as a senior investment professional at the real estate investment team of the Qatar Investment Authority and started his career in 2001 as an analyst and associate at Lehman Brothers investment banking. Maarten Briet holds a degree in private and commercial law from the University of Utrecht