Equity Estate acquires two retail assets in the city centre of The Hague

15-8, 2023

Equity Estate Holding has acquired – through one of its subsidiaries - two A1-retail assets located at Venestraat 50-52 in the historic city centre of The Hague.

The assets are leased to Blue Tomato and Gusti Leder. This A1-shopping area is characterized by the diversity of (inter)national retail formulas combined with smaller boutiques, art galleries and a wide range of catering establishments.

Together with the Wagenstraat the Venestraat forms an important shopping axis with Uniqlo, H&M and Zara, amongst others closeby.

Blue Tomato is an international formula for snowboard, ski, surf, skate & streetwear with physical shops in six countries and a strong online platform. In the Netherlands, besides The Hague, it also has branches in Amsterdam, Haarlem and Utrecht. Other cities expected to open soon.

Gusti Leder is a German (online) retailer of exclusive leather goods and opened its first physical shop in the Netherlands last year in The Hague.
Gusti Leder now has several stores in Amsterdam, The Hague and Haarlem.

The assets comprise in total some 520 sqm of lettable area, retail space on the ground floor and the upper floors are used for storage.

Both assets are leased based on long-term lease contracts. The acquisition price amounted to EUR 2,800,000 net to vendor.

Seller was advised by Retail Capital and Equity Estate was advised by Brickstone.