Shopping Center

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 30 centres and 2 developments with over 2,235 stores and 1250,000 square metres of gross floor space. Shopping centres make up approximately 29% of our current total real estate fund holdings, with a value of some 5.0 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, Pirelli RE, Sonae Sierra, Multi Development und APSYS.

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.

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
E-mail: lars.richter@union-investment.de
Tel.: +49 40 3491 94176


Shopping centre investment locations in Europe
Our investment in retail property is focused on Germany, which accounts for around 67% of the total, but we have significantly extended our investment reach since 2006 as part of our policy of international expansion. 16 of our 32 retail properties and projects are in other European countries – with more set to follow.