H&M to open flagship stores in Bonneterie fashion emporiums
H&M has entered into a long-term lease agreement with Maison de Bonneterie Onroerend Goed B.V. for two landmark stores in Amsterdam and The Hague. In autumn 2015, H&M will open two spectacular flagship stores of the highest standard at these iconic locations. The retail spaces will have luxurious finishings and fittings in keeping with the buildings' splendid historic details and will offer the very best in interior design to the shopping public.
I am extremely proud that we will open two new flagship stores of international appeal in these landmark properties next year. I am pleased to be able to add these absolutely world class properties to our portfolio in the Netherlands. In the coming months we will set our team to working on the designs and the interiors. All our efforts will be aimed at making the best possible use of these magnificent buildings and to show them off to their best advantage.
Maison de Bonneterie is delighted that H&M is to establish two special flagship stores in both of its landmark retail properties. The striking buildings provide a beautiful environment for H&M to implement its spectacular plans for the future
The tremendous new designs of these stores will add great value to the city centres of both Amsterdam and The Hague. We are proud to have been given the opportunity to advise on this transaction.
The former Maison de Bonneterie department stores occupy special locations in the heart of Amsterdam's and The Hague's shopping districts. Built in 1905, the store on the Rokin in Amsterdam offers approximately 5,000 sq m of floor space over 7 floors. The iconic building, which has special architectural features, has entrances on both the Rokin and in Kalverstraat. Its hallmarks include the royal façade, high ceilings and the stained-glass dome. The store in The Hague opened its doors in 1913. Featuring a remarkable entrance on the corner of Gravenstraat and Buitenhof, the department store has about 4,500 sq m of floor space on 6 floors.
H&M opened its first stores in the Netherlands in autumn 1989. H&M Nederland currently employees over 3,600 staff at its 124 H&M stores, 5 COS stores, 3 Monki stores and 1 Weekday store in 75 towns and cities across the Netherlands.
CBRE acted on behalf of the landlord in this transaction. H&M was supported by Cushman & Wakefield.