M&A Deal Summary

Weingarten Realty and Bouwinvest Real Estate Investment Management B.V. Acquire Queen Anne Marketplace

On June 4, 2013, Weingarten Realty and Bouwinvest Real Estate Investment Management B.V. acquired real estate company Queen Anne Marketplace

Acquisition Highlights
  • This is Weingarten Realty’s 4th and Bouwinvest Real Estate Investment Management B.V.’s 1st transaction in the Real Estate sector.
  • This is Weingarten Realty’s 4th and Bouwinvest Real Estate Investment Management B.V.’s 1st transaction in the United States.
  • This is Weingarten Realty’s 1st and Bouwinvest Real Estate Investment Management B.V.’s 1st transaction in Washington.

M&A Deal Summary

Date 2013-06-04
Target Queen Anne Marketplace
Sector Real Estate
Buyer(s) Weingarten Realty
Bouwinvest Real Estate Investment Management B.V.
Deal Type Joint Venture

Target

Queen Anne Marketplace

Seattle, Washington, United States
Queen Anne Marketplace is a shopping center with 70,000 square feet and anchored by Metropolitan Market, an upscale neighborhood grocer operating in a densely populated, high barrier-to-entry urban infill location.

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Buyer(S) 2

Buyer

Weingarten Realty

Houston, Texas, United States

Category Company
Sector Real Estate
Employees243
Revenue 434M USD (2020)
DESCRIPTION

Weingarten Realty is a real estate investment trust with 315 income-producing properties in 18 states that spans the southern part of the United States from coast to coast. Included in the portfolio are 254 neighborhood and community shopping centers, 60 industrial properties, and one office building, aggregating 42.0 million square feet. Weingarten Realty is based in Houston, Texas.


DEAL STATS #
Overall 4 of 5
Sector (Real Estate) 4 of 5
Type (Joint Venture) 2 of 2
State (Washington) 1 of 1
Country (United States) 4 of 5
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Hilltop Village Center Site

Alexandria,, Virginia, United States

Hilltop Village Center Site comprises a mix use project which includes 113,000 square feet of office space, retail, banks, restaurants, spa, dentist office, hair salons, and dry cleaners.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-08 Mueller Regional Retail Center

Austin, Texas, United States

Mueller Regional Retail Center,a 700 acre master planned community that will include over four million square feet of commercial space and 4,600 residential units when fully built out. The property is adjacent to Interstate 35, Austin’s major north-south artery and benefits from the average daily traffic count of over 240,000 vehicles as well as the trade area population of 150,000 people.

Buy -
Buyer

Bouwinvest Real Estate Investment Management B.V.

Amsterdam, Netherlands

Category Company
Sector Real Estate
DESCRIPTION

Bouwinvest Real Estate Investment Management (REIM) B.V. is specialised in managing real estate portfolios for institutional investors. Bouwinvest currently manages three Dutch sector funds and mandates for institutional real estate investments in Europe, North-America and Asia/ Pacific.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Joint Venture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1