The Bouwinvest Retail Fund has agreed new leases, or extended existing contracts, for 2,100m² of retail space in its refurbished Muntpassage shopping centre in Weert, in the southeast of the Netherlands. The lease contracts include a range of new and current tenants, such as Norah Mode, Nelson, WE, Van Haren, Tui, Cigo and Megaphone, and account for roughly 15% of the total portfolio, which comprises 15,800m² divided over 50 stores. A significant number of the stores are leased to fashion retailers, the largest of which is the 2,300m² H&M store which opened last month. In addition, the Muntpassage includes an Albert Heijn supermarket and a fresh food market.
Collin Boelhouwer, Director Dutch Retail Investments at Bouwinvest, said: “After attracting a number of new retailers to the Muntpassage, virtually all the retail space is now leased and only a few units are still available.”
The refurbishment was carried out by Top Vastgoed and FiMek Estate. The festive reopening of the renovated shopping mall is scheduled for October 11.
