PingProperties sells upgraded Carnisse Veste shopping centre to KGAL

19-03-2026

PingProperties has sold the Carnisse Veste shopping centre in Barendrecht to KGAL, an international asset manager with a strong focus on long-term sustainable investments. With this transaction, PingProperties successfully concludes an optimisation phase of the approximately 16,000 sqm neighbourhood shopping centre.

In recent years, PingProperties has comprehensively upgraded Carnisse Veste into a modern daily convenience centre with a strong focus on groceries, convenience and accessibility. The centre serves a broad catchment area in Barendrecht-West and comprises approximately 40 retail units spread over two levels.

Now that the modernisation has been completed, the upper level is once again fully let, easily accessible and attractive to visitors. Thanks to the installation of a modern inclined rolling carpet, which physically connects both levels and the car park, the shopping centre now operates as a single cohesive unit, with all shops easily accessible using one shopping trolley. As a key element of the modernisation, PingProperties introduced discount supermarket Lidl to the tenant mix, alongside the existing full-service supermarkets Jumbo and Albert Heijn. This responds directly to strong local demand, as Barendrecht-West previously had no discount supermarket provision.

The investments have resulted in a clear improvement in commercial performance, increased footfall and a stable, long-term tenancy profile. Carnisse Veste therefore represents a solid and attractive long-term investment asset, making this an opportune moment for PingProperties to proceed with the sale.

Sander Rovers, Chief Transaction Officer at PingProperties, commented: “The centre has received a boost and I truly believe it is now well positioned for the coming decades. Now is the right moment to transfer ownership to an investor who understands our vision and will take good care of the asset. My sincere congratulations and thanks to KGAL on this transaction.”

PingProperties was advised on the transaction by CBRE (commercial), NewGround Law (legal) and Rechtstaete (tax). On behalf of KGAL, JLL (commercial) and Houthoff (legal) acted.

About KGAL
KGAL is an independent German asset manager (established in 1968) specialising in long-term investments in real estate, sustainable infrastructure (including wind, solar and hydrogen) and aviation (aircraft leasing), serving both institutional and private investors. With approximately €15 billion in assets under management, KGAL focuses on European markets, with a strong emphasis on active asset management, ESG (Environmental, Social and Governance) principles and value creation.