The Retail department of Cushman & Wakefield successfully assisted Redevco with the sale of their former Viva Shopping – situated Gentseweg 589 in Waregem - to the joint venture between a group of private investors and the Ulvenhout Retail Invest Fund.
Viva Shopping is an out of town retail location in Waregem whereof historical and main tenants are Carrefour and Lunch Garden. After a thorough renovation of the site and a successful extension, Redevco welcomed several new retailers such as C&A, ZEB, JBC, Lola & Liza, Bent & Pronti, creating a strong fashion cluster for the site. After this extension, Viva shopping offered over 16.000 m² of retail surface, divided into 13 stores with 600 parking spaces.
The volume of this transaction was about 22 million EUR.
Stijn Thomas and Kenneth Verloo, Partners within the Capital Markets Retail team, were able to assist Redevco for the sale of the retail park, as well as the leasing of the extension.
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