Vabeld grows portfolio in Romania.
In addition to its previous investment in A1 business park on the western fringe of Bucharest, Vabeld acquired another 70 hectares of land for logistics and semi industrial use. The vast majority is a contiguous block located just 2 kilometres off the western part of the Bucharest ring road. Negotiations with some large anchor tenants are already underway.
In A1, the development of the 20,000 square meter warehouse named S1 is making good progress. A lease for over 10,000 square meters and an additional cross docking facility was signed with Delamode Logistics, as announced during a press event on October 11th in the Bucharest Marriott Hotel. Delivery is scheduled for March 2017. All other properties in the business park have now been delivered to the tenants and are income producing. Vabeld has more land in A1 for future construction.
Two new acquisitions in Belgium
The last few weeks Vabeld has successfully acquired two properties in cities where Vabeld was actively looking for opportunities.
Antwerp: Vabeld acquired the property situated on the corner of the De Keyserlei (43) and Breydelstraat (30) in Antwerp. The building consists of a ground floor area of over 200 sqm. The property will, after obtaining the necessary permits, be redeveloped into a commercial ground floor with apartments above. Negotiations with a prospective tenant for the trading floor are in an advanced stage.
Bruges: Vabeld is the new owner of the property located in Bruges’ high street called Steenstraat number 14. The property has a surface area of 96 sqm on the ground floor and was until recently let to ‘Planet Yogurt “. The lease was terminated amicably and a new tenant, “La Maison du Savon de Marseille ‘, starts trading on July 15. This will be the fourth shop for this new tenant, with other stores located in Brussels and Liège.
On Bruges’ famous market square, the Post office has vacated the premises and the keys were delivered to the new tenant, Sissy Boy, who has started fitting out this monumental building
‘ Green light ‘ for the redevelopment of the EuroShop site in Sint-Niklaas (Belgium).
Vabeld got the license for the redevelopment and expansion of the Euro Shop site Puitvoetstraat and Kapelstraat, facing Waasland Shopping in Sint-Niklaas (Belgium). The plan includes partial demolition and reconstruction of the existing buildings to a net sales surface of 7,600 m² combined with a new building for Albert Heijn (1,650 m²) and sitting tenant Brantano (750 m²).
Vabeld in the Belgian press (Markt 5 , Bruges).
We would like to hear from you. Feel free to contact us.
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.