Heijmans Property Development Belgium has sold a shopping center in the Belgian Municipality of Beveren to ING Real Estate. The transaction includes 10,000 m² of commercial property valued at over 38 mln.
The shopping center sold is part of the 'Warande' Project: an inner city redevelopment project undertaken by Heijmans Property Development in the center of Beveren. 'Warande' includes 10,000 m² of commercial property, 43 apartments and 269 parking spaces. The development of the project has been started. Its commercial portion will be completed in 2009. Heijmans Property Development Belgium has since leased around 70% of the commercial space to companies such as H&M, Esprit, Torfs and JBC. Options on 30 of the 43 apartments in the project are currently sold.