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credit: MEC
credit: MEC

MEC achieves 36 mandate extensions and acquires new location

The MEC confirms its position as a retail property specialist and national market leader for retail parks. Because with 36 mandate extensions, business development is going very well at the start of the second half of 2022.

Clients such as Nuveen, R+V Lebensversicherung AG, M&G International Investments and CORESTATE Capital Investors are extending all contracts for site management by several years, thereby strengthening the continuity of MEC’s core business. These include locations such as ORO Schwabach, Mercatura Aalen, Ostsee Park Rostock, Dreieich Nordpark and the Duckwitz Bremen shopping park. In addition, MEC will continue to look after mandates from larger portfolios in the coming years, such as one from KGAL Investment Management GmbH & Co. KG. For all orders, the retail property specialist continues to rely on the formula for success of tailor-made services. The integrated location management includes, for example, commercial and technical management as well as leasing.

“We are very pleased with the trust that our customers are placing in us with these mandate extensions,” says Christian Schröder, Managing Director (COO) of MEC. “We see this positive feedback both as a mandate and as an incentive to professionally manage the centers in our common interest and to develop them further in the long term.”

New location acquired with Remsgalerie

The MEC team has also had success in acquiring new mandates: on August 1, 2022, the retail property specialist will take over the management of the Remsgalerie in Schwäbisch Gmünd. The sales area of the center is around 8,100m². It is a property management mandate. This means: The trading location is managed efficiently and with a tailor-made concept by a team of experts from the MEC headquarters, on-site management is not necessary.

“MEC has been looking after a large number of our properties for a long time. The team has repeatedly demonstrated its efficient, interdisciplinary and result-oriented way of working in location management. We therefore look forward to a successful cooperation on our latest acquisition, the Remsgalerie in Schwäbisch Gmünd,” says Björn Fraeb, Head of Investment Management, Retail Northern Europe at Nuveen Real Estate.