London, 27 November, 2015 – With a record number of about 350,000 visitors during the reopening of the shopping centre and the launch of a permanent light sculpture during light festival GLOW by Mayor Rob van Gijzel, the upgrade of the Heuvel Galerie in Eindhoven is now officially completed.
The successful renovation has attracted new tenants and have made existing tenants decide to expand their stores. H&M has expanded its store significantly, making this shop its largest store in the southern part of the Netherlands (3300 sqm), Italian restaurant Vapiano opened its first restaurant outside of the Randstad area (1100 sqm) and the first TK Maxx store in the Netherlands was recently opened in the centre with more than 2300 sqm divided over two levels.
An important part of the renovation was the full upgrade of the public space of the centre. Also, in cooperation with Q-Park, the car park was greatly improved, both the ceiling and the lighting of the centre were completely renewed and the loft was transformed into a central square where all the major retailers are located on, with a modern look and fully transparent storefronts.
Another important theme during the upgrade was sustainability, as a result of various energy-saving improvements the energy consumption significantly decreased, as did the service costs for the tenants.
In addition, the shopping centre has this year welcomed 10% more visitors compared to 2014, thanks to the new retailers and by involving the visitors during the renovation works in the process in various ways.
Martijn Vlasveld, Senior Asset Manager at CBRE Global Investors said: “The upgrade of the shopping centre, the arrival of new retailers and the increase in visitor numbers show that it is certainly worth investing in our centres, also during challenging market conditions. The centre is ‘future-proof’ and we hope to welcome more successful retailers and consumers to our centre.”
The design was created by British architects DunnettCraven together with the Eindhoven architect Van Aken. The leasing agent for the centre is Cushman & Wakefield.
*Assets under management (AUM) refers to the fair market value of real estate-related assets with respect to which CBRE Global Investors provides, on a global basis, oversight, investment management services and other advice, and which generally consist of investments in real estate; equity in funds and joint ventures; securities portfolios; operating companies and real estate-related loans. This AUM is intended principally to reflect the extent of CBRE Global Investors’ presence in the global real estate market, and its calculation of AUM may differ from the calculations of other asset managers