Union Investment Real Estate – strong growth in the European retail segment
Union Investment Real Estate GmbH is one of Europe’s leading property investment management companies. Union Investment’s shopping centre portfolio currently comprises 19 centres with over 1,600 stores and 686,000 square metres of gross floor space. Shopping centres make up approximately 25% of our current total real estate fund holdings, with a value of some 3.6 billion euros.
Our centres in Germany, Austria, Belgium and the Czech Republic benefit from a lettings rate of 97% at present, thereby demonstrating the success of our external partnerships with highly professional centre managers ECE, mfi, Donaldsons, SCMS, Pirelli DGAG and Solid.
We seek to acquire centres with a balanced mix of tenants on main shopping streets with high footfall or in prime locations with a catchment area of at least 500,000 inhabitants. As well as Germany, we are increasingly focusing on shopping centre investments elsewhere in Europe and in North/South America and Asia.
Experts in centre development
Union Investment Real Estate is your professional partner when it comes to financing and developing high-quality shopping centre projects in Europe.
We are currently involved in developing three large-scale centres in Essen (Germany), Mersin (Turkey) and Jerez de la Frontera (Spain), comprising some 185,000 square metres of lettable space. Our shopping centre division engages with all aspects of the development process through to completion. Their tasks include location analysis together with overseeing external managers and the future development of centres.
At Limbecker Platz (http://www.limbeckerplatz.de) in Essen we are working with Karstadt and ECE to realise one of Germany’s biggest inner-city shopping malls. On completion in 2009 the centre will offer around 74,000 square metres of lettable space.
If you have a query or real estate offer please contact:
Union Investment Real Estate GmbH
Postfach 30 11 99
20304 Hamburg
Germany
Lars Richter, Head of the Shopping Centre Division
Our investment in retail property is focused on Germany, which accounts for around
72% of the total, but we have significantly extended our investment reach since 2006 as part of our policy of international expansion. 9 of our 22 retail properties and projects are in other European countries – with more set to follow.
Locations:
Germany
Quer PASSAGE, Kiel
Wandsbek QUARREE, Hamburg
Fachmarktzentrum Eidelstedt, Hamburg
Spandau Arcaden, Berlin
Allee Center, Remscheid
Köln Arcaden, Köln
Luisencenter, Darmstadt
CityQuartier FÜNF HÖFE, München
StadtQuartier Riem Arcaden, München
LAGO, Konstanz
Limbecker Platz, Essen
FMZ Seerose, Eschborn
Rhein- Gallerie, Ludwigshafen
Other countries
Bühl Center, Krems
Centro Commerciale Carrefour, Pavia
Les Grands Prés, Mons
OLYMPIA, Teplice,
OLYMPIA, Mladá Boleslav
Area Sur, Jerez de la Frontera
FORUM MERSIN, Mersin
FORUM KAYSERI, Kayseri
3 Stawy, Katowice,
Retail Center Sisjo Entré, Göteborg
Geographic distribution of real estate assets (shopping centres)
