Image: Kintyre
Ticker

Kintyre lets additional space in Bochum shopping centre

Kintyre Investments, the specialist real estate investor and asset manager, has agreed to let additional space in the “Drehscheibe” shopping centre, Bochum, to Postbank taking the total area it occupies to 2,200 sq m.

Postbank has taken a long lease on 950 sq m of ground floor accommodation in the shopping centre. It has been in occupation of around 1,250 sq m on the 2nd floor since 2017, prior to the reconfiguration works Kintyre is currently undertaking in the 12,000 sq m shopping centre.

Taking the additional space will allow Postbank to open a flagship office, with a Postbank branch on the ground floor. The second floor space is occupied by Postbank’s financial advisory department, including its estate agency, together with DSL bank and the commercial and corporate client specialists.

Marius Ohlsen, Partner at Kintyre, comments: “The repositioning of the ‘Drehscheibe’ is progressing rapidly. The reconfiguration works we initiated are already bearing fruit for the tenants, shoppers and owners of the shopping centre, who are all benefiting from our proactive, full-service management approach. We will continue to work towards a complete letting of the centre so that it provides a distinctive shopping experience to the residents of Bochum and visitors to the city. Through the repositioning we are looking to create a more mixed environment bringing a greater vibrancy to the centre and generating an exciting retail and leisure environment for local residents and visitors to the city.”

The repositioning aims to improve the quality of the shopping experience for customers and to increase the dwell time by optimising the sector and tenant mix. The project includes increasing the proportion of cafes and restaurants in the centre and Kintyre is already in negotiation with several potential tenants interested in space at the centre, which currently has 35 tenants, including the anchor tenant Rewe.

Kintyre acquired a stake in the shopping centre in summer 2017, when it also agreed a long-term management contract for the provision of letting, asset and centre management services. Since then, Kintyre has successfully worked on repositioning “the “Drehscheibe” (literally “hub”) in the pedestrianised zone at the heart of Bochum’s main shopping street.

Following the lettings to the Postbank the weighted average unexpired lease term (WALT) has increased to around six years from four years when Kintyre took over the asset and centre management just twelve months ago.

 

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

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

Ticker MORE

Eataly Paris Marais, the Italian marketplace, will open its doors on April 12, 2019

The Galeries Lafayette group, which has an exclusive franchise agreement to operate the Eataly brand in France, will open its first Italian marketplace in the heart of the Marais district in Paris, on Friday, April 12, 2019.

Cushman & Wakefield Welcomes Back Gilliard to London Retail Team

Cushman & Wakefield has re-hired Duncan Gilliard as a Partner in its Central London retail team to bolster its market leading offer.

Market Halls launches new concept – The Hall – at intu Lakeside

intu has signed up the first of a new concept from thriving food hall business Market Halls for intu Lakeside’s £72 million leisure extension.

Construction of Galeria Chełm has started

Construction works of the Acteeum Group and Equilis Polska joint project – Galeria Chełm – have just begun. Investors have signed a contract with KARMAR S.A. which is becoming the general contractor of the project. Galeria Chełm with a GLA of 17.5 thousand sq m will be the first shopping center in Chełm and at the same time the first joint venture of both investors.

City Point Bochum shopping centre turns 30: That calls for a celebration!

City Point Bochum shopping centre is turning 30 – that calls for a celebration! Between 2 and 30 March 2019, the City Point Bochum shopping centre in the heart of Bochum will offer numerous activities for visitors of all ages.

Swiss eyewear brand VIU signs for London flagship store

Swiss premium eyewear label, VIU, has leased a unit in London’s Soho for its flagship UK store.