REDEVCO Switzerland has signed a lease agreement with H&M, for a retail unit in Brugg, a town on the river Aare in Canton Aargau. The unit, part of a former UBS branch acquired in January 2008, is located in the main shopping street and opposite to the train station. Refurbishment work started at the beginning of June.
Two other leases for units in the property were successfully renewed for 5 years, with Bistro Irion and the travel agency Knecht Reisen. The total property consists of 3,180 m². The retail units are spread over three floors, consisting of 1,700 m² in total. On top of this retail scheme, REDEVCO owns four levels of offices representing approx. 1,200 m².
REDEVCO Switzerland has also acquired a 6,730-m² retail park in Oftringen. The scheme comprises two separate buildings rented out to Casa, Denner, Polo, Life, Trophy Sports and Fressnapf, and outdoor and indoor parking for a total of 160 vehicles. The retail park is directly connected to the A1, the main motorway from Geneva to the Austrian border.