Hennes & Mauritz (“H&M”) has chosen two assets managed by CBRE Global Investors to open its largest store in Europe and the largest store in the southern part of the Netherlands.
De Koopgoot, Rotterdam’s main shopping centre will house H&M’s largest shop in Europe. This will be a flagship store, where they will sell several collections and brands (H&M, Monki, Weekday).
The store will cover three floors, the existing store at De Koopgoot level, extended to the ground floor and first floor. With this lease De Koopgoot has found a sustainable, long term tenant for its underused passage space that will strengthen the eastern part of the shopping mall.
The long-term lease agreement comprises approximately 6,250 m² GLA, and the opening of the shop is scheduled for October 2014.
In the Heuvel Galerie shopping mall in Eindhoven, H&M will extend its store from 2,000 m² to 3,300 m², which will make it the largest store in the southern part of the Netherlands. The extension comprises the lower floor of the shopping mall allowing the stores’ two floors to be better connected. The shop will also be the first store to sell H&M Home in the Netherlands.
Jaap Démoed, fund manager of the CBRE Dutch Retail Fund said: “We are very pleased to see an important international retailer like H&M choose two assets managed by CBRE Global Investors. This transaction is an excellent example of our strategy to source the key retailers which are in demand in order for us to enhance the retail mix within a prominent shopping environment.