07 June 2024

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Bouwinvest, on behalf of the Bouwinvest Retail Fund, has extended the long-term lease agreements with its tenants The Sting and SoLow for Hoofdstraat 107-115 in Apeldoorn. The stores, operated by the national fashion retailer and non-food discounter respectively, are approximately 3,200m² and 1,150m² in size and are centrally located on the main shopping street of Apeldoorn.

The location where these stores were established in 2010 previously housed the 'Domus Passage', dating back to the 1960s. During the redevelopment, a choice was made for historicizing new construction, which complements the local streetscape. Bouwinvest purchased the stores in 2013.

Bouwinvest's Retail Fund focuses on the best shopping cities and busiest shopping streets (Experience) and neighborhood shopping centers for daily necessities (Convenience). The fund has a volume of €1.1 billion, has a clear investment vision, and has received the MSCI award for best-performing specialist fund in the Netherlands for four consecutive years. Additionally, the fund ranks in the top 20 percent of the best-performing real estate funds worldwide in terms of sustainability, with five stars in the Global Real Estate Benchmark (GRESB).

Bouwinvest was advised on the lease extension by MVGM Property & Asset Management.