Daily Convenience Center Passage

18.500 m2

Floor area

Energy label A

Sustainability

280

Parking spaces

Daily Convenience Center Passage

Broersvest 22
Schiedam

Passage Schiedam is superbly situated in the historic centre of Schiedam and is the largest and oldest indoor shopping centre in the town. Around 68 retail units nare found in the shopping centre spread across a ground floor and three upper floors. It has a floor area of approx. 18,500 m² LFA. The complex also has a five-level underground car park with 280 parking spaces.

 

PingProperties believes in the power of local shopping centres, where active management and personal attention to shopkeepers can add value.

 

Passage Schiedam shopping centre has undergone a genuine metamorphosis. 

PingProperties has had Passage Schiedam in its portfolio since 2021, when it saw the potential of transforming the severely outdated shopping centre with no less than 30% vacancy into a bustling shopping destination to meet the needs of its visitors.

 

During the past 3.5 years PingProperties has worked intensively on optimizing the range of shops so that the shopping centre better suits the needs and opportunities of its catchment area. This has involved renewing the leases of successful shops and replacing poorly performing shops with new, strong retail chains, bringing in stores such as Wibra, Gefixt, Iper Megastores and Scapino. PingProperties reached agreement with a number of shops to relocate so that new tenants could move into suitable units.

Additions to the shopping centre include new catering outlets such as EatKip and Indian Chef, as well as a modern beauty salon. The opening of a gym is also planned for this year, a major addition that expands the range into leisure. A new supermarket named ‘Istanbul Supermarkt’ will also be opening to meet the day-to-day shopping needs of its visitors.  

 

Apart from optimizing the mix of tenants, PingProperties has made significant investments in improving the appearance of the centre and renovating or replacing all the technical and mechanical systems. The glazed roof in the older part of the centre, for example, has been entirely replaced and the lift and escalators upgraded.

 

All these measures have resulted in a modern, fully let shopping centre with a more diverse and attractive range of shops. This is a fantastic achievement and underlines the successful transformation of the shopping centre.

Tenant(s)
Multi-tenant (50 tenants)
Hema
H&M
Action
Iper Megastores
Wibra
Scapino

Sector
Convenience center
Status
In portfolio

PingProperties Daily Convenience Center fund III

Investments
Daily Convenience Center Passage

Investors
2

Status
In portfolio

Track Record

2021

Incorporation

Acquisition of Convenience Center Passage, Schiedam
Long-term lease extension with Nelson Schoenen

2023

Refinancing with NIBC
Long-term lease extension with Intertoys
New long-term lease with Eat Kip

2024

New long-term lease with Indian Chef and Iper Megastores

2025

New long-term lease with Indian Chef, Iper Megastores, Wibra, Gefixt, Scapino, Yo Beauty Salon and Istanbul Supermarkt

See also

All investments