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      Retail Estates

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      Retail Estates Snapshot

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      Paul Borghgraef

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      Real EstateIndustry
      Description If the word "estates" takes your mind down a winding country road to an ivy-covered manor, then you're half right about what Retail Estates does. Riding the European trend of shopping centers moving outside the urban core, Retail Estates invests in and develops real estate for suburban shopping malls. The company, structured like a US REIT (Real Estate Investment Trust), owns and develops nearly 200 properties in Belgium and Luxembourg through its subsidiaries Retail Warehousing, Retail Estates Luxembourg, and Wickes Land Development. Major tenants include Aldi, Blokker Group, Brico-GB, JBC, and Heytens. Retail Estates plans to continue adding more upscale customers to its portfolio.

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