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Henderson strengthens retail offering in Belgium with series of lettings

Henderson Global Investor’s c. £12.5 billion Property Business, on behalf of its c. €900 million European Retail Property Fund (Herald) has completed a number of key leasing transactions at Parc de L’Hydrion, Arlon in Belgium.

Henderson Global Investor’s c. £12.5 billion Property Business, on behalf of its c. €900 million European Retail Property Fund (Herald) has completed a number of key leasing transactions at Parc de L’Hydrion, Arlon in Belgium.

Parc de L’Hydrion is a c. 33,000 sq m retail park, situated just within the Belgian/Luxembourg border. Recent lettings include those by French cycling specialist - Veloland - who have taken a 1,067 sq m unit corner unit by the main entrance to the retail park and contemporary Danish kitchen and bathroom retailer - KVIK – who have recently taken occupation of a 468 sq m unit in a prime central position on the retail park. The lease was signed in April 2012 and trading commenced in early June. Belgian electronics retailer - Krefel – who currently anchor the retail park, have also agreed to extend their existing unit by an additional 468 sq m, taking their total occupation to 2,381 sq m.

The retail park was constructed in 2004 and acquired by the fund in January 2008. There are 42 units on the park, with a number of strong anchor tenants including C&A, Sports World, Gemo and GB Carrefour. Following recent leasing success and re-configurations of existing units, the park is now fully let.

Samuel Cotton, Henderson Asset Management, commented: “Notwithstanding the challenging consumer environment we continue to see good levels of demand across our centres,, testament to the quality of the locations.”

“The addition of these new retailers as well as the extension of Krefel, is testament to the continued success of Hydrion as a desirable location for retailers to operate from. Its profile as a prime retail park continues to increase in its catchment area and we look forward to a continued increase in footfall from consumers who can come to the park and satisfy a breadth of their shopping requirements. This in turn allows us to maximise returns for our investors, a strategy that we remain committed to.”

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