07 Nov 2019
The Bouwinvest Retail Fund has leased circa 550 sqm of retail space in De Promesse shopping centre in Lelystad to drugstore Kruidvat on a long-term contract. The store was previously leased to the failed Dutch discount chain OP=OP and has since undergone a comprehensive refurbishment. Kruidvat will officially open its new store in Lelystad on Wednesday, 13 November.
In addition to a 3,500 sqm municipal library, De Promesse comprises a total of some 12,000 sqm of retail and office space, including over 35 retail units leased to HEMA, Hunkemöller, Bakker Bart and New Yorker. A number of new food and beverage chains including YamiYami and Snackbistro are currently working on the interiors of their latest locations which are scheduled to open before the end of the year.
The Bouwinvest Retail Fund is an investment fund that is open to institutional investors. The fund focuses on the best high streets and neighbourhood centres for convenience shopping. At end 2018, the fund’s invested capital stood at €1 billion, generating a total return of 7.0%. The fund is one of the most sustainable retail funds in the Netherlands, with a 4-star GRESB rating.