Acacia Point Capital secures investor for Takko European headquarters

10 May 2016

With an approaching fund expiry, on behalf of its Dutch investor clients, Acacia Point Capital has disposed of the office headquarters of Takko, a leading European fashion retailer. The purchaser was Publity AG, Performance Fonds Nr. 6.

Takko has 1,900 stores across 15 countries with 16,700 employees and is ultimately controlled by Apax Partners. Its headquarters and major logistics facility is located in Telgte, near Münster in North Rhine-Westphalia. The office was purpose-built in 2007 and has a triple net lease with a term of more than 16 years remaining (expiry Yr. 2032). Takko own an adjoining piece of land, which is planned to accommodate a 7,000 sqm extension to the existing office building.

Tim Klaassen, Investment Manager at Acacia Point Capital said “Takko’s head office is a well-designed building adjoining their major logistics facility and is critical to Takko’s long term business operations. With more than 16 years remaining on the lease and the prospect of extending the building for Takko on adjoining land, it offered both core and value-add investment characteristics. The sale delivered a healthy return to its Dutch shareholders and now enables the fund to be liquidated”.

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