MEC creates planning security for the Bethanien Center in Neubrandenburg, Germany

With the statute resolution on B-Plan No. 10 “Bethanienberg” now passed by the Neubrandenburg City Council, a clear framework for action is available for the future further development of the 44,000 sq m retail location. A Globus hypermarket was acquired as a new anchor tenant last year. A clear framework has been set for further modernization of the retail location and the associated changes in the tenant structure. In addition, the fitting out of the shopping center with an extensive, modern charging infrastructure for e-mobility is to be promoted in the coming months.

The Bethanien Center has 41 shops and has a catchment area of over 200,000 inhabitants. With the development planning process, which is closely monitored by the MEC, through to the final resolution in the articles of association, the location will continue to be an essential part of the local retail landscape in the future. This will, according to MEC, be a clear guarantee of value for Union Investment.

“We are very pleased about the received resolution on the planning law to secure the Bethanien Center retail location”, states Ralf Schaffuss, Head of Asset Management Retail Germany at Union Investment. “With this result, we have planning security and sufficient flexibility for the future, which the dynamic retail market ultimately also needs.”