Klépierre, the leading pure play shopping center property company in Europe, today announced that it has signed a leasing agreement with mobile and cable operator VodafoneZiggo for a total of 17,000 square meters at Hoog Catharijne in Utrecht, the Netherlands. According to the agreement, VodafoneZiggo will use 16,000 sq.m. to accommodate its new central office and open a 1,000-sq.m. flagship store in the mall.

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Klépierre signed with VodafoneZiggo a lease for 16,000 sq.m. of offices at Hoog Catharijne. This space, aimed at accommodating 1,400 of VodafoneZiggo employees, is leased for a firm 10-year period. It is part of the 50,000 sq.m. of office space currently under redevelopment managed by Klépierre, which, in total, at full occupancy, is expected to generate net rental income of €8.5 million upon completion in 2019. Taking this operation into consideration, the occupancy rate of Hoog Catharijne’s office area reaches 91%.

To allow for VodafoneZiggo’s employees to move in, in October 2018, Klépierre’s Dutch Headquarters will be relocated in another part of Hoog Catharijne.

Hoog Catharijne is part of one of the largest inner city redevelopment in Europe undertaken by the city of Utrecht. For Klépierre, Hoog Catharijne, with more than 26 million visitors per year, is already the busiest shopping center in the Netherlands and in the top 5 in Europe. When its redevelopment is completed in 2019, Hoog Catharijne will boast more than 50,000 sq.m. of office space and 77,000 sq.m. of retail space.

The modern, yet authentic architecture features generous volumes, unique design and a water canal meandering through the center. The customer path has been completely reinvented to offer a smooth and pleasant promenade from the Central Station to Utrecht’s historic city center. The entire project illustrates Klépierre’s customer-centric approach and latest Clubstore® standards.

Source : Company