FNG fashion group brands are tenants in 8 Wereldhave centers in the Netherlands, representing 1.5% of Wereldhave’s gross rental income in the Netherlands or 0.7% of Wereldhave’s total gross rental income as per 30 June 2020.
Wereldhave has recognized the challenges the multi-brand fashion segment faced over the past couple of years, which accelerated as a result of the Covid-19 pandemic. In order to proactively act on these challenges, part of Wereldhave’s LifeCentral transformation strategy is an asset-by-asset exercise to develop blueprints for transforming shopping centers into Full Service Centers. Current FNG locations will be repositioned to alternative use or, where applicable, Wereldhave will facilitate a potential restart of selected FNG fashion group brands.
