Amsterdam,
07
October
2019
|
10:52
Europe/Amsterdam

HEMA signs long-term lease contracts at nine Crossroads locations

HEMA has prolongated tenancies ahead of the scheduled lease expiry to a long-term at nine locations within the Crossroads Real Estate portfolio in the Netherlands.

In total it concerns a lettable floor area of ​​more than 25,000 m², spread over nine high street locations in Beverwijk, The Hague, Dordrecht, Emmen, Haarlem, Helmond, Hilversum, Nijmegen and Roermond.

The store locations are in the hands of a consortium of investors, advised by Crossroads Real Estate. The consortium has owned the stores since the end of 2016. Parties proactively engaged into discussions to regear lease contracts early to the benefit of both landlord and tenant.

Damon van Oss, Director of Asset Management at CBRE: "The transactions underlines HEMA’s long term commitment in the Netherlands and Crossroads’ confidence in HEMA as a strong tenant in the Dutch retail landscape."

CBRE acted as asset manager and advisor to the owner in this transaction. The consortium of investors was legally assisted by Allen & Overy.

About CBRE

CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.