FUN closes its doors tomorrow. But what should prospective acquirers (buyers, tenants, …) take into account, given the recent amendment of the Decree on Integrated Retail Establishment Policy?
The socio-economic permit of the FUN stores, which they are assumed to hold, currently falls under the existing (residual) category 4 ‘other products’.
From 4 March 2024, this (residual) category will be split into 3 new categories. The existing 4 categories thus become 6:
Category 1: sale of food;
Category 2: sale of personal equipment;
Category 3: sale of plants, flowers and goods for agriculture and horticulture;
Category 4: sale of vehicles and means of transport;
Category 5: sale of bulky goods;
Category 6: sale of non-bulky goods.
A prospective acquirer can in principle continue with the same permit. They do not need to apply for a new permit to specify the category. From 4 March 2024, the existing offer is automatically assigned by law to the category that covers the current store assortment.
The sales area in which (toy) items are sold whose height, width and depth add up to at least 2.5 metres therefore falls under the new category 5 ‘Bulky goods’. Think of wooden playhouses, trampolines, garden sets, … The sales area in which the other items (toys, books, …) are sold falls under category 6 ‘Non-bulky goods’.
o
Want to know more? Feel free to contact me!
What does this mean for your project?
Ask your question
