PingProperties renews leases with Douglas and Intertoys for Stadshart Zoetermeer
03-07-2023
PingProperties has renewed the leases with both Douglas and Intertoys for Stadshart Zoetermeer shopping centre. Douglas has leased approx. 700 m² of retail space along the outer strip of Stadshart Oost since 2001. Intertoys occupies approx. 600 m² of retail space in the covered shopping area, and has also been doing business here for many years. By renewing these leases, both retailers are committing themselves to the shopping centre for the long term and demonstrate their confidence in PingProperties’ convenience strategy.
About Douglas
Douglas is the most high-profile premium beauty platform in Europe. With more than 2,400 branches and websites for online shopping in 21 countries, Douglas is one of the largest multiple retailers in the European cosmetics market and has around 100 shops in the Netherlands. It has been advised by Retail Property Management (RPM Retail).
About Intertoys
With more than 220 stores and a webshop, Intertoys is the largest chain of specialist toyshops in the Netherlands, with something fun for everyone. Go Play! With a distinctive range of toys and games for young and old, a future-proof hybrid omnichannel business model and more than 1,300 specialists in toys and games, Intertoys is the prime specialist and market leader in the sector.
PingProperties’ convenience retail strategy
PingProperties invests in convenience retail in urban district centres. It believes in a strategy with a strong mix of tenants focusing on a constant exchange of people, goods and services. The focus on a fuller range for day-to-day shopping, together with strong retail chains bringing additional choice as well as local heroes and public amenities will lead to a better profile for a shopping centre. Maarten Matze, CIO of PingProperties: ‘By pursuing this strategy our organization anticipates huge growth potential for Stadshart Oost in Zoetermeer’.
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