Retail Park Plein Westermaat
Retail Park for big box retailers
Retail Park Plein Westermaat is a 68,000 sqm Retail Park in the Eastern part of The Netherlands. Phase 1 and 2 have already been realized, phase 3 (25,000 sqm) is scheduled for 2012/2013.
Plein Westermaat is located north of the city of Hengelo. The visibility and accessibility of the project are outstanding, as it is located alongside the A1 highway. The total size of the three phases in the project is 68,000 sqm GLA.
History
Plein Westermaat consists of three phases, of which two have already been developed. Phase 1 and 2 each consist of 25,000 sqm GLA. The first phase opened in the autumn of 2003, the second in spring 2004.
Future
A third phase of some 21,000 sqm is scheduled for construction in 2012/2013.
| Name |
| Retail Park Plein Westermaat |
| Main function |
| Retail Park |
| Address |
| Plein Westermaat Hengelo |
| Country |
| The Netherlands |
| Phone number |
| +31 (0) 30 230 93 00 |
| jeroen.vandekraats@tcnpp.com |
Facts & figures
Purchase date
2002 (Phase 2) - 2008 (Phase 3)
Investment date
2012/2013 (Phase 3)
Total size
The project consists of 68,000 sqm GLA retail and 1,000 sqm restaurant facilities.
Partner
TCN develops the project in close cooperation with Volker Wessels, who acts as equity and construction partner. The project was developed in close cooperation with the municipality of Hengelo.
Architect
Mecanoo Architects
Debt financing
Phase 2: Aareal Bank
Phase 3: FGH Bank
Investment value
Total value € 66 million
Main tenants (phase 1 and 2)
Ikea, BCC, Prenatal