Fitness club lease improves occupancy rate of VastNed Retail's Getafe 3 shopping centre
Pan-European retail property fund VastNed Retail has improved the occupancy rate of its Getafe 3 shopping centre, which is located in the greater Madrid area, by leasing 1,722 square metres to low-cost gym operator I-Fitness.
VastNed Retail is a pan-European retail property fund listed on NYSE Euronext. Its focus is on high street shops in five core countries, namely the Netherlands, Spain, France, Belgium and Turkey. The value of the investment properties at the end of March 2011 was approximately €2 billion. Of these properties, 55% are high street shops.