Eurocommercial Properties

Company Description

Eurocommercial Properties is a real estate investment company specializing in shopping centres across four European countries—Italy, France, Sweden, and Belgium. The company owns and actively manages 24 shopping centres that serve as dominant retail destinations in their local communities. Unlike some real estate companies that simply collect rent, Eurocommercial takes an active management approach, constantly working to improve the tenant mix, enhance the shopping experience, and increase footfall. The company focuses on 'community-based' shopping centres that serve daily needs rather than destination malls, making them more resilient to e-commerce competition. Italy is the largest market at 45% of portfolio value, followed by France (21%), Sweden (20%), and Belgium (14%). Founded in 1991, Eurocommercial made its first investment in France that year with Les Atlantes shopping centre in Tours, followed by Italy in 1994, Sweden in 2001, and Belgium in 2018. The company is listed on Euronext Amsterdam, Brussels, and Milan, providing access to investors across Europe. Headquartered in Amsterdam with approximately 100 employees and total assets of nearly €4 billion, Eurocommercial is led by CEO Evert Jan van Garderen, who has been with the company since 1994. The company's long-term focus on dominant, well-located shopping centres in strong catchment areas has helped it navigate the shift in retail from physical stores to online shopping.