Retail Estates SA is a real estate investment trust that invests mainly in retail properties located on the periphery of residential areas or along access roads to urban centres, mainly in the Flemish and Wallonia Regions of Belgium. The company buys these properties from third parties or builds and markets retail buildings for its own account. It rents its properties in a structural (i.e. shell) state, with the furnishings, fittings, and maintenance left to the discretion of the tenants. The company's tenants include retail chains, ad Brantano NV, Piocheur NV, Carpetright and Krefel, among others.