H&M Flagship store for Liverpool on Lord Street
Vabeld UK is proud to announce that its former BHS store on Lord Street will be the new H&M flagship store in Liverpool. Opening is scheduled for November 30.
After BHS’ demise in 2016, Vabeld worked together with H&M to get planning for a complete renovation of this impressive property, including a brand new façade. The rear area located on Rainford Square, where BHS café used to be , will be let separately to a leisure operator. Vabeld worked together with architects from FCH, GIA project management and Mason Owen to achieve this result. We are convinced that this will be a game changer for Lord Street, bringing it much closer in terms of retailer’s appeal to nearby Church Street and Paradise Street. Vabeld is now focused on redeveloping and letting the adjacent listed red brick building on 81-89 Lord Street.
More prime leisure locations in Antwerp and Bruges
Vabeld has purchased its third property on the famous De Keyserlei in 2 years.
Five Guys having opened earlier this year, works on De Keyserlei 43 have started with the objective of having our tenant, Boulangerie Paul open before year end. Still a bit further towards the station, Vabeld has now acquired another property let to Boston Steak house from an private owner. It underlines our belief in this location as a solid leisure location for the future. Furthermore, Vabeld has also already concluded a smaller fourth acquisition on the De Keyserlei, for which more details are to follow at a later time.
In Bruges, we were able to buy Simon Stevinplein 12 from a professional retail investor. The unit has been rented to Otomat, the pizza chain serving pizza based on dough infused with beer which opened already in Ghent, Antwerp and Leuven. Fit out works are underway and the opening is scheduled for July.
In addition to 2 restaurants, Vabeld also acquired 2 hotels in the first half of the year.
In Antwerp, we purchased the Quality Inn from a private owner operator. The hotel has 47 rooms, is located very close to the Operaplein and a minute away from the famous Meir/Leysstraat and has a 4**** classification. The hotel is now let to a private operator which already rents another hotel from us but still under the Quality brand, which is part of Choice Hotels, one of the largest hotel brands in the world.
Finally, in Bruges again, we acquired Hotel du Grand Sablon, the oldest hotel in the heart of the town which currently has 20 rooms but with building consent to convert the hotel into a 4**** high end product with 43 rooms. A long term contract is signed with an independent operator.
More leisure investments are currently being considered.
Ghent Veldstraat: Two hours of queueing for the opening event of Monki
Continued expansion in Bucharest
This year, Vabeld will again bring almost 20.000 square meter of logistics and semi industrial space to the market.
Two 8.000 sqm buildings, known as buildings W and Y are facing each other at the entrance of Bucharest Industrial Park. They will be delivered in May and June of this year and are to be fully let on delivery. A smaller building will also be developed this year.
This will complete the development potential we have in Bucharest Industrial Park and plans are made to start developing on another large plot on the western fringe of Bucharest.
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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.