Bouwinvest Acquires Retail Unit in Utrecht

The Bouwinvest Retail Fund has acquired a retail unit located in the heart of Utrecht, in the popular Steenweg shopping street. The building at Steenweg 41 is around 275 sqm in size and will be leased to shoe store Dungelmann. The adjacent Steenweg 43 retail unit is also owned by the Bouwinvest Retail Fund.

The Bouwinvest Retail Fund targets popular shopping streets in the biggest Dutch retail cities, but also smaller and local convenience stores. The latest acquisition is an excellent fit with the Fund’s Experience strategy which targets the top 15 largest shopping cities and most vibrant shopping streets in the Netherlands. Utrecht is the fourth largest city in the Netherlands in terms of population and Steenweg is 10th in the ranking of top shopping Streets.