Two hotel acquisitions in Flanders.
In the first half of this year, Vabeld acquired two more hotels in Flanders. It bought the Martin’s Relais in Bruges, a **** hotel with 44 rooms located by the idyllic Speigelrei and the Court Saint George in Ghent, a *** 29 room hotel very centrally located at the Hoogpoort near city Hall. The Vendor was an institutional French fund.
KFC opens first restaurant in Wallonia in Vabeld property
Vabeld is proud to announce that the first KFC (Kentucky Fried Chicken) in Wallonie will open in Liège, Place de l’opéra in a property owned by Vabeld in September. Works are already well underway.
Sale of Bucharest Industrial Park
A the end of June, Vabeld sucessfully sold its semi-industrial and logistics platform in Romania to CTP Investors.
The 78.000 square meter park was developed over a 4 year time period with a Romanian partner and fully let to a mix of both national and international tenants such as Delamode, Qeops, Noriel, Augsburg and others.
Vabeld remains active in Romania with a plot for future development near Bucharest of 54 hectares and a recently acquired site for retail development in Timisoara. Other projects are also under investigation.
New lettings in Liverpool city center
In Liverpool city center, three new leases were signed earlier this year. In 81 Lord Street, TSB bank is taking part of ground floor of the listed red brick building. Behind this property, in Rainford Square, Roxy Lanes is opening a bowling alley in combination with several other leisure activities. This two story building was formerly home to the BHS café and is located in the Beatles area, for which the city has announced big plans. Finally, at the north end of Church Street, O2 are taking the unit previously occupied by Poundworld.
These lettings show that in times of increasing uncertainty about city center retail, Liverpool’s prime pitch continues to be attractive to a variety of potential tenants.
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In light of our continuous growth, your retail asset(s), whether located in Belgium or elsewhere might be of interest to us. Are you considering selling commercial real estate or do you know someone who wishes to do so, do not hesitate to contact us, with no obligation on your part. We do not act as a broker and discretion can be guaranteed. If you are interested in one of our properties for sale or for rent, do not hesitate to phone or e-mail us.