TERSTAL LEASES MULTIPLE LOCATIONS FROM KROONENBERG GROEP

Kroonenberg Groep has reached an agreement with terStal for three long-term leases in Rotterdam and Zaandam. In all three leases, terStal will occupy retail space previously leased to Blokker.

In the Hoogvliet shopping centre, it concerns a shop at Binnenban 8-10 with an area of 444 m2. Further on in Rotterdam, it concerns a 400 m2 shop at Hesseplaats 32-24 in the Hesseplaats shopping centre. Both shops will be delivered by 1 March.

In the Vermiljoenweg shopping centre in Zaandam, it involves a retail space of 504 m2 located on the first floor. This shop will be delivered on 14 February.

Almelo-based terStal Familiemode is a strong, nation-wide player with a successful online presence, in the Netherlands and Flanders. TerStal stands for fun, affordable fashion. With a new collection every fortnight, they bring a lot of innovation. The more than 220 shops are not located in major shopping streets, but rather in neighbourhood shopping centres and medium-sized towns. For example, next to the supermarket, making it very easy for people to pop in after doing their grocery shopping.

Kroonenberg Groep was advised in this transaction by Maxx Bedrijfsmakelaars.