In 2006, a decision was made to sell Maatschap Homburg Fairmont earlier than
planned. The Manager received an attractive offer in the second half of 2005
from a party that wanted to occupy the shopping centre itself.
The investors in Homburg Fairmont made a wise decision in selling the shopping
centre. Due to the rapidly increasing vacancy rate in the shopping centre, the
manager did not expect to be able to achieve the projected returns.
The sale has now been completed and the partnership is expected to close within
a few weeks.
Finally, the participants earned a gross yield of 13.66% over two years, while
the estimate for the entire term indicated a projected gross yield of 18.2%.
Another factor is that the exchange rate for the Canadian dollar is currently
preferable compared to when the Fairmont project was launched, which means a
good return is also acquired on the exchange at this time.