VastNed invest in Ghent and Lyon

VastNed invest in Ghent and Lyon

Real estate enterprise VastNed has invested 30 million in Ghent and Lyon, focused on premium shopping locations for which the enterprise grew the amount of possible locations.

44 million euro portfolio

VastNed bought a 1,875 sqm 2-floor location in the Veldstraat for 27.7 million euro. Currently, the space is rented by Swedish H&M. VastNed has other real estate in Ghent, renting to G-Star RAW and Sportsdirect.com. In total, VastNed owns 44 million euro in locations in Ghent.

 

In Lyon, the company purchased a 165 sqm location in the Rue Edouard-Herriot for 2.6 million euro and the location is currently occupied by French fashion retailer Sandro.

 

"I'm extremely satisfied we were able to buy these two high street locations, as they fit our strategy to focus on premium city growth, like Lyon. Ghent is one of the three largest shopping cities in Belgium and Lyon is one of France's largest cities. Both cities have an excellent historic city center, attracting tourists all year long", Taco de Groot (VastNed CEO) said.

Questions or comments? Please feel free to contact the editors


Hudson's Bay defends itself and adds cheaper brands

27/12/2017

Hudson's Bay is on track in the Netherlands, the company’s marketing director Edo Beukema states after a lot of criticism. He says there is no truth to the rumour the department store chain is planning to leave, but it will adjust its marketing approach and pricing.

Unibail-Rodamco acquires competitor Westfield

12/12/2017

Unibail-Rodamco acquired its competitor Westfield for 14 billion euro and will gain control over 35 shopping center (33 in the United States). The resulting company will become the world’s largest real estate company.  

Mitiska REIM announces two new retail parks in Romania

29/11/2017

Mitiska REIM has announced the opening of two new retail parks in Romania. The new additions consolidate Mitiska REIM’s position as the leading retail park investor in Romania, with 21 sites across the country.

Mitiska Reim buys its first French retail park

06/11/2017

Belgian real estate firm Mitiska Reim will enter the French retail market with its recent acquisition of a retail park near Caen. It has been an eventful year so far, with acquisitions in Germany, Romania and Spain as well. 

Delhaize is highlight of new shopping center in Luxembourg

07/09/2017

Shopping center Borders has just opened its doors, right near Schengen. The largest Delhaize store in the Grand Duchy of Luxembourg is its major attraction and should house about two dozen retailers in the near future.

Mitiska Reim acquires its first German retail park

06/09/2017

Belgian real estate firm Mitiska Reim bought a retail park in the German city of Mönchengladbach. It was a collaboration with Luxembourg Investment Group and the group’s first German acquisition.

Back to top