Credit: Schuessler/NWZ

Unibail-Rodamco-Westfield Germany takes over quarter management in Frankfurt’s NordWestZentrum

The company will be in charge of NordWestZentrum (NWZ) in Frankfurt am Main as of September 1, 2019.

The management contract covers operational center and quarter management, asset management and the letting of the mixed-use urban center, with a gross usable area of 340,000 sq m. Unibail-Rodamco-Westfield thus extends the existing management portfolio in Germany to 27 assets and expands its presence to Hessen and the economically strong Frankfurt region.

“With its diverse mix of uses, NordWestZentrum has been a central point of reference for people in the northwest of Frankfurt for decades, whether as a workplace, a destination for excursions or for everyday errands,” said Josef Buchmann, owner of the center.

“With NordWestZentrum, we are taking over the management of a well-managed mixed-use property in a promising market position,” said Andreas Hohlmann, Managing Director of Unibail-Rodamco-Westfield Germany. “The center is an exceptional addition to our existing management portfolio and fits in perfectly with our strategic focus on the development and operation of urban districts. We are therefore very pleased about the great trust that is placed in our work”.

Strategic focus: marketing, positioning, tenant mix and multi-channel

With 94,500 sq m of commercial retail space, NordWestZentrum is one of the largest shopping centers in Germany and is now one of the largest properties in Unibail-Rodamco-Westfield Germany’s management portfolio. Thanks to the direct connection to the city motorway as well as two underground lines and six bus lines directly in the center, NordWestZentrum is optimally integrated into the regional and cross-regional infrastructure. In addition, the quarter has 3,500 parking spaces. The center itself attracts more than 15.6 million visitors annually. Around 3,000 people work in the quarter.

“In the coming years, we will present the center even more strongly as an urban experience area, further develop the digital offerings with targeted measures and further expand the diverse mix of uses that gives NordWestZentrum its special character,” said Olaf Ley, Director of Investment and Asset Management at Unibail-Rodamco-Westfield Germany. The company, based in Düsseldorf, will take over quarter management in NordWestZentrum and, in coordination with the owner company of Josef Buchmann, will promote marketing and positioning as well as the development of tenant mixes, mall spaces and multichannel solutions in the district.

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

Ticker MORE

Close to 80% of Polish consumers shop at outlet centers

This is one of the main findings of the research carried out in Poland by Neinver together with the Polish research firm IQS.

ECE takes over management and leasing of Erlangen Arcaden shopping center

The shopping center accommodates over 90 shops on a sales area of 30.000 sq m.

Rowing themed foodcourt opened in Galeria Mazovia

The new food court was designed by vsf-creative and takes its theme from Płock Rowing Club, one of the oldest in Poland.

Andreas Mattner to stay at ECE until 2023

Mattner continues his work at ECE as Managing Director.

Construction of Galeria Chełm, Poland, progresses dynamically

The 17,500 sq m GLA shopping center will offer 55 commercial premises and over 550 parking spaces.

On June 13, the largest Shopping, Entertainment Centre in Baltic States in Estonia opened After Reconstruction

Linstow expanded Ülemiste shopping centre by 13,000 sq m of shopping and entertainment space, with most of the additional floorspace taken up by entertainment and food and beverage services.