Like more than 75 MEC retail properties nationwide, the T.E.C. Erfurt was able to register an increasing leasing volume in the past fiscal year. As part of the extensive refurbishment of the center in Erfurt, MEC was able to attract new tenants such as FitX, Das Futterhaus and Hugendubel. Credit: MEC

MEC’s leasing business reaches record level

Despite Corona, MEC has broken a leasing record in 2020. In the past fiscal year, the retail property manager concluded more than 200 new and follow-up leases with a total space of 85,000 m².

This was 20 percent more than in the previous year. The majority of the new leases came from the local supply and gastronomy sectors. Within the total number of lease extensions, all sectors are represented.

Christian Thiele, Head of Leasing Management, sees the reason for this success in the proactive approach taken in recent years: “We drew up individual reletting concepts for our clients at an early stage and are thus best prepared for the changes in the large-scale retail sector. In addition, the positive special position of retail parks in Corona times has benefited us.” Unlike shopping centers, retail parks can boast a high ratio of system-relevant stores that are allowed to remain open even during the crisis.

Thiele sees MEC’s way of working as another success booster. “Not least because of the interdisciplinary cooperation within MEC, as well as the close coordination with our clients, we have succeeded in this strong performance,” says the head of MEC Leasing Management.

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