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
Ticker

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.

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

Ticker MORE

BAML appoints new management team

Ballymore Asset Management Limited (BAML) has appointed Tony Hymers as Managing Director and Ross MacCaskill as Finance Director.

BIG Shopping Center raised 55 million euros at the Israeli stock exchange for further expansion in Serbia and the Balkans

The BIG Group intends to use the proceeds from this bond issue to continue its expansion in Serbia and in the Balkan region.

MAPIC 2021 back in Cannes and towards new retail mix

The international retail property market event will gather 8,200+ retail, property, food & leisure leaders from over 80 countries at the on-site event in the Palais des Festivals from November 30 to December 2, 2021.

CBRE becomes largest shopping center manager in Iberia

CBRE reaches the number of 50 shopping centers under management and leasing in 2021, amounting to 2.3 million sq m throughout the Iberian portfolio.

Newly umdasch shopfitted Julius Meinl on Vienna’s Graben reopened

After several months of renovation work, the traditional Viennese gourmet food store Julius Meinl on the prestigious Graben in Vienna presents itself in new light in the middle of the exclusive pedestrian zone.

AM Alpha acquires Nutgrove Retail Park in Dublin

The Munich-based family office AM alpha has completed a further transaction in Dublin this year with the acquisition of the Nutgrove Retail Park in a consistently strong trading location. This is the first major retail park trade in Dublin since 2018.