We celebrated the opening of two new locations in 2008: In March, the Stadt-Galerie Hameln welcomed its first visitors and the Stadt-Galerie Passau followed in September. All 16 shopping centers in our portfolio are now open for business.
| Germany | Abroad | Total | |
|---|---|---|---|
| No. of centers | 12 | 4 | 16 |
| Leasable space in m2 | 491,400 | 153,300 | 644,700 |
| No. of shops | 1,125 | 550 | 1,675 |
| Occupancy rate including office space | 99% | 100% | 99% |
| Inhabitants in catchment area in mio. | 9.8 | 3.3 | 13.1 |
Our shopping centers, which include twelve in Germany, two in Poland, and one each in Austria and Hungary, provide space for a total of 1,675 stores in a rental space of 644,700 m². We are especially proud to note that we currently have a rental rate of over 99%, which has been at this level consistently for many years. With a 84% the focus of our investments clearly lies in Germany.
Tailor-made individual
Each of our shopping centers is specifically designed to suit its particular environment....
more...Right where the action is
In our culture the marketplace has been the central location for the society for centuries...
more...Thinking about tomorrow today
The topic of environmental protection plays a vital role for us.
more...Flexibility with the future
For several years now there has been a growing demand in the retail market for...
more...Optimal accessibility
An additional success factor with our shopping centers is the fact that...
more...Strategic choice of location
The total catchment area for our shopping centers is 13.1 million people...
more...Growth in Hameln and Passau
In celebrating the openings of the Stadt-Galeries in Hameln and Passau we were joined by...
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Long-term rental agreements
We generally sign agreements of over 10 years with our tenants...
more...External management of shopping centers
Management of our 16 shopping centers has been entrusted to our partner ECE Projektmanagement
more...Lease optimisation
The primary task of the center management is to put together a customised retail mix...
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Who‘s Who in the retail business
It is our tenants who are primarily responsible for the success of our shopping centers...
more...Shopping in perfection
While each business in the German city centres has its own business hours...
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