Passage Corridor. Credit: Westbridge
Ticker

Westbridge renews the energy supply for the shopping centre “Passage Corridor“ in Veenendaal

Westbridge Advisory International AG has restructured the electricity and natural gas supply contracts for the Dutch shopping centre “Passage Corridor” in Veenendaal on behalf of an international real estate investor at the end of March 2020.

The operating cost specialist succeeded in saving the owner more thanEUR 11’000 over the next 30 months from the start of supply on May 1, 2020. The 31 electricity and 19 natural gas supply points in the shopping centre consume an aggregated annual amount of around two gigawatt hours.

“At the client’s request, we have changed the invoicing for all electricity and natural gas supply points from separate invoices to a single collective invoice. This enabled us to reduce the monthly administrative workload and associated costs for the client significantly”, says Hajo Engelke, Managing Director at Westbridge International. “Furthermore, we replaced the “Piek-” and “Dal” prices, which are common in the Netherlands, by a constant price per kilowatt hour and thus established a much simpler cost structure over the entire contract duration until the end of 2022.”

Westbridge already optimised the energy procurement for a large number of logistics and office buildings in the Netherlands. The contract in Veenendaal adds the asset class retail to the operating cost specialist’s track record.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

PropTech solution enables easier and faster sales reporting across retail real estate sector

Retail property owners and managers across Europe are removing friction from the process of collecting tenants’ turnover data by using Chainels, the tenant experience app.

Placewise Wins ​​PropTech Breakthrough “Commercial Property Management Platform of the Year”

The annual awards program recognizes innovation in the global real estate technology industry. The company wins the awards for second year in a row with Tenant Connect.

FOCUS with new tenant – Ukrainian start-up Bafood set to open another restaurant in Warsaw

Bafood, a Ukrainian delivery-first restaurant concept, has joined the list of tenants of the FOCUS building in Warsaw. JLL Poland, a leader in the country’s real estate consulting sector, assisted in the leasing side in the transaction.

CHARLES TYRWHITT UNVEILS FIRST OF ITS KIND STORE AT CENTRE:MK

British menswear brand, Charles Tyrwhitt, has officially unveiled the first of its new store design at centre:mk, one of the top 10 retail destinations in the UK.

ANCHOR BRAND SUPERDRY OPENS AT ICON OUTLET AT THE O2 AS THE DESTINATION CONTINUES TO OUTPERFORM

Icon Outlet at The O2, developed by AEG and Crosstree Real Estate Partners, has announced the opening of Superdry, the premium apparel brand. The opening coincides with a record-breaking summer trading period across The O2’s Entertainment District and Icon Outlet.

VIA Outlets Appoints Thierry Seang as Investment Director

VIA Outlets, the industry-leading owner-operator in redefining the outlet shopping experience across 11 premium outlets in Europe, announces the appointment of Thierry Seang as Investment Director.