Press release
Non-regulated information Ternat, 10 April 2026, 7 a.m. CET
Retail Estates enters the French market with the acquisition of a retail park in Île-de-FranceRetail Estates has acquired a fully let 12,734 m² retail park in Osny (Île-de-France, France) for
€29 million.
The Company has also committed to acquiring a 2,800 m² extension, yet to be built, for which planning permission has been granted.
This first acquisition in France confirms the Company's strategic decision to accelerate its
international expansion.
On 9 April 2026, Retail Estates completed its first investment in France with the acquisition of the L'Oseraie retail park, located in Osny in the Val-d'Oise department (Île-de-France), for €29 million. The retail park covers 12,734 m², comprises 10 units and is fully let. The annual contractual rental income amounts to €1.95 million.
The retail park, which opened in 2019, houses a mix of international and national chains, including Action, Gémo, Maxi Zoo, Chaussea, Centrakor and La Halle. Furthermore, the park forms part of a larger commercial zone (ZAC Osny-l'Oseraie) featuring, in particular, an Auchan hypermarket and major retailers such as Boulanger, Leroy Merlin, But and Grand Frais, on a site benefiting from a strong and stable catchment area.
"France offers growth perspectives"
This acquisition fits within the property company's growth and internationalisation strategy. CEO Nicolas Beaussillon: "We are determined to continue growing in our core business: retail parks on the outskirts of cities. In Belgium and the Netherlands, we now have significant market shares and growth opportunities are limited. France, on the other hand, offers this potential. The combination of a very large population, a highly dynamic domestic rental market, and a significant presence of retail parks makes this market particularly relevant to our strategy."
The choice of France follows a multi-year analysis of European markets. The Paris region, with its strong
demographics and purchasing power, fits perfectly with Retail Estates' strategy.
A gradual and structured growth strategy in France
Following this first acquisition in the Île-de-France region, the real estate trust will continue its search in the periphery of other major French cities with a view to acquiring further retail parks and thereby replicating the success achieved in the Netherlands. There, Retail Estates began its international expansion in 2017 before experiencing very rapid growth. Currently, the company's Dutch real estate portfolio now accounts for a third of its total value. Nicolas Beaussillon continues: "Just as in the Netherlands, we wish to rapidly expand our presence in France and build a local team with the market knowledge and expertise that will enable us to create future value for our shareholders."
About the transaction
Seller: Compagnie de Phalsbourg
Price: € 29 million
- Area: 12,734 m²
Number of units: 10
Occupancy: 100%
Annual contractual rental income: €1.95 million
Financing: combination of equity and bank loans
Impact on loan-to-value (LTV): slight increase to 42.31% (pro forma on 31/12/2025)
Download high-resolution photos here.
About Retail Estates
The Belgian public real estate investment trust Retail Estates nv is a niche player specialised in making in out-of-own retail properties located on the periphery of residential areas or along main access roads to urban centres available to users. Real Estates acquires these real properties from third parties or builds and commercialises retail buildings for its own account. A typical retail building has an average area of 1,000 m² in Belgium and 1,500 m² in the Netherlands.
As of 31 December 2025, Retail Estates nv has 1,017 rental units in its portfolio with a total retail area of 1,210,870 m², spread over Belgium and the Netherlands. The occupancy rate of the entire portfolio was 97.79% on 31 December 2025. The fair value of the consolidated real estate portfolio of Retail Estates NV as at 31 December 2025 is estimated at € 2,083.24 million by independent real estate experts.
Retail Estates is listed on Euronext Brussels and Euronext Amsterdam and is registered as a public regulated real estate company.
Forward-looking statements
This press release contains a number of forward-looking statements. Such statements are subject to risks and uncertainties which may lead to actual results being materially different from the results which might be assumed in this interim statement on the basis of such forward-looking statements. Major factors that may influence these results include changes in the economic situation, and commercial, tax-related and environmental factors.
Ternat, 10 April 2026
Nicolas Beaussillon, CEO of Retail Estates nv
For more information, please contact:
Nicolas Beaussillon, CEO - tel. +32 (0)2 568 10 20 or +32 (0)479 80 08 88
Kara De Smet, CFO - tel. +32 (0)2 568 10 20