AEW has acquired the Arena, a central inner-city shopping center in ‘s-Hertogenbosch, the Netherlands, from Aberdeen Standard Investments.
The acquisition is on behalf of one of its private client funds, Actipierre Europe.
The property is located adjacent to the historic city center of ‘s-Hertogenbosch and comprises a total lettable area of approximately 8,200 square meters (88,264 square feet), of which 95 percent is leased. Occupiers include Albert Hein, H&M and New Yorker, as well as the restaurant La Place. Additionally, the center is situated above one of the main car parks in the historic city center.
The asset was refurbished and modernized in 2015, but also has further potential for active asset management to optimize the property.
“The Arena shopping center is strategically positioned in a central location serving the demand from the local community in and visitors of ‘s-Hertogenbosch,” said Frédérique Weber, country manager for t
