Credit: MEC

MEC receives three new locations from KGAL

Property management for an area of 40,000 square meters.

MEC METRO-ECE Centermanagement GmbH & Co. KG received a property management mandate from the investment and asset manager KGAL for three new locations as of 1 December 2019. This relates to three predominantly fully let retail properties in Waiblingen, Roth and Brackenheim. The contract includes commercial and technical property management for a total lettable area of around 40,000 square meters. 

“We chose MEC because it manages properties professionally, efficiently and with high quality. We are looking forward to this cooperation,” explains Michael Hausmann, Head of Asset Management Retail & Office International at KGAL Investment Management GmbH & Co. KG.

Fully let shopping centre in Waiblingen

The largest of the three new mandates was for a multi-tenant location in Stuttgarter Strasse in Waiblingen. The location was newly built in 2016. The rentable area is approximately 29,400 square meters. The property is fully let and the main tenants are Dehner and Multipolster as well as Roller. The gastronomy is represented by KFC, a bakery and an Asian restaurant. There is also a fitness chain, a hairdresser, a kitchen studio and a nail studio at this location. Customers can park their cars on approximately 650 outdoor parking spaces.

Modern locations in Roth and Brackenheim

The location on Friedrich-Wambsganz-Strasse in Roth was modernised in 2016. The rentable area amounts to approx. 5,500 square meters, there are approx. 300 outside parking spaces available. The property is fully let.

The third location for the new property management mandate is a modern retail park, which was newly built in 2017. The property is located in Hermann-Bauer-Straße in Brackenheim. There are approx. 95 outdoor parking spaces available. The rentable area is approx. 4,900 square metres. Current tenants are Müller, Deichmann, Ernstings Family, AWG under their “Drehkreuz” label, an Asian restaurant, the AOK, a bakery and an organic market.

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

Ticker MORE

PingProperties has sold the Eudokiaplein shopping and health centre in Rotterdam

The Eudokiaplein shopping and health centre situated in Rotterdam-Noord, consisting of an office complex and a shopping centre, has been sold by PingProperties, on behalf of one of the companies under management, to the Pension Fund for the Metals and Electrical Engineering Sector (PME).

Icon Outlet celebrates a record-setting August

Icon Outlet has revealed it experienced a record-setting August across three key metrics compared to the same month in 2019. Sales increased by 24%, average transaction value grew by 11%, and footfall rose by 10% versus the same benchmarks in August 2019.

Citycon resolved on the long-term incentive plan for the new CFO

The Board of Directors of Citycon Oyj has approved a new Restricted Share Plan 2021—2024 for the Citycon´s incoming CFO, Bret McLeod who will commence his appointment as CFO on 1 January 2022.

Tommy Hilfiger to triple footprint in London Designer Outlet

London Designer Outlet has welcomed a number of new brands since the start of the pandemic

Westfield Centro continues strengthening its leisure and entertainment offering

In November 2021, the Dutch arcade game operator Gamestate will open its first branch in Germany in Westfield Centro on an area of over 700 square meters. Over 45 arcade stations will then enable visitors to prove their skills at the latest virtual arcade products or popular gaming classics. Gamestate is another highlight in the center's leisure and entertainment segment and once again demonstrates the international appeal of the location.

Edutainment Concept and Strategies at FİBA Commercial Properties

FİBA Commercial Properties continues to follow up the trends in all their global investments in China, Romania, Moldova and Turkey in terms of sustainable future projects.