Vastned acquires premium city high street shops
VASTNED ACQUIRES PREMIUM CITY HIGH STREET SHOPS IN PARIS AND MADRID AND DIVESTS PORTUGESE PORTFOLIO
Amsterdam, 20 December 2016 –Vastned, the listed European retail property company focusing on ‘venues for premium shopping’, bought her fourth premium city high street shop in Le Marais, Paris, on rue Vieille du Temple 26 and acquired two premium city high street shops on calle José Ortega y Gasset 15 and calle de Fuencarral 37 in Madrid. Additionally the total Portugueseportfolio was divested for a total of € 11 million.
Rue Vieille du Temple 26 in Paris
In the last twelve months Vastned was able to acquire four premium city high street shops in Le Marais. The most recent acquisition is on rue Vieille du Temple 26. Thispremium city high street shop on the corner is approximately 200 square meters and leased to the international fashion retailer UGG. Other retailers in the surroundings are amongst others Karl Lagerfeld, Rituals Cosmetics, Lush, Lacoste and Wolford. Vastned acquired