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Super Winkel Fonds
Key Statistics
Fund Size
€281.85M
Target Return
6.0%
Launch Year
2007
Min. Investment
€13,125
Availability
Open for public
Structure
NV (BMVK)
Product Category
Open-end
Domicile
Netherlands
GP Type
Single
Liquidity Level
Semi-liquid
Currencies
EUR
Investor Eligibility
Retail
Liquidity Options
Year
Highlights
Allocations
Geographic Focus
Investment Strategy
Industry Focus
Information about fund
About the Super Winkel Fonds
The Super Winkel Fonds is a Dutch supermarket real estate fund managed by Annexum, in operation since 2007 with an indefinite term. As at 30 June 2026 the portfolio comprised 43 supermarkets spread over 41 properties with a value of approximately EUR 281.85 million, roughly 117,000 m2 of lettable area (per 1 March 2026) and gross annual rental income of circa EUR 19.3 million (per 31 March 2026). The occupancy rate was 94.5%. Tenants include the established Dutch grocery chains Albert Heijn, Jumbo, Aldi, Dirk and Plus, often combined with neighbourhood retail. The fund and its manager, Annexum Beheer B.V. (AFM licence under article 2:65 Wft), are supervised by the AFM and De Nederlandsche Bank.
Key Figures
Supermarkets
43
Across 41 Dutch properties
Portfolio Value
EUR 281.85m
Approximate, as at 30 June 2026
Occupancy
94.5%
Gross annual rent circa EUR 19.3m (31 March 2026)
Cash Dividend
6.5%
Per year, paid quarterly
Investment Strategy
- Core portfolio of neighbourhood supermarkets across the Netherlands, frequently combined with adjacent neighbourhood retail units.
- Rental income from grocery tenants forms the basis of the fund's quarterly cash distributions.
- Portfolio financing consisted of three long-term loans with an average interest rate of 2.35% and a loan-to-value of circa 52% (per 31 March 2026).
Terms
| Minimum investment | EUR 13,125 (300 participations at an issue price of EUR 43.75, valid through 30 September 2026) |
| Emission costs | 2% per transaction |
| Distribution | 6.5% per year in cash, paid four times per year (January, April, July, October) |
| Target total return | 6.0% to 8.0% per year (a projection, not a guarantee) |
| Legal structure | Dutch public limited company (N.V.), investment company with variable capital (BMVK); investors participate through certificates |
| Term | Indefinite; in operation since 2007 |
| Supervision | AFM and De Nederlandsche Bank |
Liquidity
The Super Winkel Fonds is an open-end fund with limited tradability. Investors can offer certificates for repurchase through the fund's repurchase facility, for which a liquidity reserve is maintained; repurchase capacity is limited. Per the 2023 brochure, exit terms are tiered by amount: up to EUR 100,000 within 3 months, EUR 100,000-500,000 within 6 months, and EUR 500,000 or more within 12 months. Certificates can also be transferred to third parties, including via the NPEX trading platform. Investors may receive back less than they invested; prospective investors should read the prospectus before investing.
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