This is the 748th most frequent Dutch word.
gevestigd
"Established" or "located."
In this context, 'gevestigd' is used to indicate the location of a business or entity.
Het bedrijf is gevestigd in Amsterdam.
The company is located in Amsterdam.
Here, 'gevestigd' denotes the establishment or long-standing nature of something intangible like a tradition.
De traditie is al eeuwen gevestigd in dit dorp.
The tradition has been established for centuries in this village.
In this usage, 'gevestigd' describes someone who has a recognized or reputable position in their field.