Acquisition Armeduivelstraat 6 in Antwerp
With the acquisition of Armeduivelstraat 6 in the centre of Antwerp as at 30 December 2015, Vastned Retail Belgium clearly continues its strategic course of focusing on premium city high street shops.
The commercial building at Armeduivelstraat 6 is located in the vicinity of the Schutterhofstraat and Graanmarkt, a premium location in the heart of Antwerp. Prior to the acquisition, the building was been fully renovated. Currently the tenant converts the building to a modern shop with a retail space of 132 m² and a storage space in the cellar.
The area is clearly in high demand among prominent retailers in the upper segment. The Arme Duivelstraat connects the Kelderstraat to the Schuttershofstraat, Antwerp’s luxury shopping street, and features retailers such as Hermès, Gucci, Jimmy Choo and Chanel. The building obtained is in the direct vicinity of properties where the likes of Karl Lagerfeld, Ladurée and Essentiel Hommes are located.
Acquisition Schuttershofstraat 55 in Antwerp
In addition to numbers 22, 24, 30 and 32 leased to, among others, Terre Bleue, Manila Grace and jeweller Slaets, Vastned Retail Belgium also acquired as at 16 September 2015, number 55 on Schuttershofstraat. The property is located near Hopland and the Wapper, a prime location in the centre of Antwerp. This authentic building exudes character and is being renovated and converted by the seller into premises housing 100 m² of retail space on the ground floor, 38 m² of storage space in the cellar and residential units on the upper floors. The retail space has been leased to 7 For All Mankind. This acquisition, excluding the residential units comes with a price tag of approximately € 5 million. With this purchase, Vastned Retail Belgium continues to pursue its strategy of focusing on premium city high street shops.
Schuttershofstraat is Antwerp’s luxury shopping street and features retailers such as Hermès, Gucci, Jimmy Choo and Chanel. The acquired property is close to premises housing, among others, Karl Lagerfeld, Ladurée and Essentiel hommes. It has been leased to 7 For All Mankind, a brand of jeans that takes high-end denim to a higher level and represents a distinctive lifestyle. The street is clearly in high demand among prominent retailers in the upper segment.
Acquisition Graanmarkt 13 in Antwerp
As at 3 August 2015, Vastned Retail Belgium has acquired a first-rate property in Antwerp located at Graanmarkt 13, a prime location in the heart of the historic city centre. The acquisition of the property at Graanmarkt 13, an investment of approximately € 6 million, is entirely in keeping with the real estate company’s strategy to invest in premium city high street shops. Graanmarkt 13 is a unique architectural project by Vincent Van Duysen of approximately 1.000 m² in which each floor is attributed a different purpose.
A high-end store is located on the ground floor, one storey above a gastronomic restaurant that has received a green Gault&Millau award. ‘The gallery’ is located on the 2nd floor while the two upper floors are a luxury apartment with hotel service and customised service provision. The operation of the “Graanmarkt 13” concept remains under the responsibility of the current owners, who wish to further develop their concept in Belgium and abroad.
The Graanmarkt is located behind Schuttershofstraat,a luxury shopping street near the popular shopping streets Meir and Huidevettersstraat, where the majority of Vastned Retail Belgium’s real estate portfolio in Antwerp is located. Graanmarkt is a very pleasant, tree-lined square, which is also colloquially called the ’Antwerp Quartier Latin‘. An amiable ambiance rules here, where young and old, businesspeople, artists, shoppers and theatre-goers feel at home. The Graanmarkt neighbourhood is expected to further increase in value and take up an important position in the luxury retail segment.