Brief: Retail Estates Says Leen Bakker Belgium To Transfer 44 Sales Outlets Under Judicial Authority

Retail Estates NV

27/08/2025 06:40

Aug 27 (Reuters) - Retail Estates NV RETE.BR:

THIS END, PROTECTION AGAINST CREDITORS HAS BEEN PROVIDED, WHICH EXPIRES ON 7 DECEMBER 2025

LEEN BAKKER BELGIUM STARTS PROCEEDINGS TO TRANSFER ITS 44 SALES OUTLETS IN BELGIUM UNDER JUDICIAL AUTHORITY – 11 RETAIL ESTATES UNITS INVOLVED

AT PRESENT, NOT POSSIBLE TO ESTIMATE CHANCES OF SUCCESS OF PROCEDURE, AS DEPENDS ON MANY FACTORS

PROPERTIES REPRESENT ANNUAL RENTAL INCOME OF EUR 2 MILLION

AWAITS COURSE OF PROCEEDINGS, HAS OFFERED COOPERATION TO LEEN BAKKER BELGIUM MANAGEMENT, LIQUIDATORS TO FIND TAKEOVER CANDIDATES FOR STORES

NO SIMILAR INITIATIVE IS PLANNED FOR DUTCH SISTER COMPANY LEEN BAKKER NEDERLAND BV

Source text: ID:nPLXC91FA9

Further company coverage: RETE.BR

 (Gdansk Newsroom)

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