Over a selling space of around 10,000 sq m, a modernised complex has been created with a wide range of brands, products and services. The new shopping gallery offers quality time and a shopping experience. The crowning achievement and special eye-catcher is the new façade, with a total of four different designs, giving a contemporary appearance. It is made up of very different construction materials such as wood, stone and metal, as well as elements of colour and typography. Windows and spacious entrance areas ensure transparency and airiness. The revitalisation of the complex has delivered six new rental units on two levels, and 284 additional parking spaces, alongside the existing 750 extra-wide spaces. “Upon successful completion of the project development, and following the recently acquired tenant Dänisches Bettenlager, final negotiations are ongoing with one more tenant, meaning that full occupancy is within reach,” enthuses Center Manager Paul Michael. Following the opening of H&M, New Yorker and Sportsdome, Fit/One is now the next big move: a top-end fitness temple has been created on a floor space of 3,500 sq m, with modern equipment, a wide range of class studios, and a wellnes.
Established as the largest food retail operation in the surrounding area, the EDU Duckwitz Shopping Center in Bremen has an area of just under 50,000 sq m, and has developed continuously since the 1970s. Over multiple project phases, the center has grown into an attractive location with an extensive selection of retail products, services, and eateries. Since being taken on by Metro Properties in 2006, it has been successively expanded and modernised. What was once a gigantic Real store has thus now become an entirely new, modern retail park. The tenants of the mall include various specialist retailers and shops such as Schuhcenter Siemes, dm-drogerie markt, Saturn, Ernsting’s family, and service providers such as sk-Apotheke, the hairdresser Hair Express and the Apollo opticians.
“We are now at the right point in the life cycle to realise the value that has been created. With the conclusion of the third construction phase, and full occupancy with anchor tenants such as H&M, New Yorker, Fit/One and Real, Saturn, dm and Hornbach, the EDU Duckwitz Shopping Center is an attractive piece of retail real estate for investors,” said Wolfgang Baumgartinger, Director of Transactions at Metro Properties. An investor has already been found: the Corestate Group has now become the new owner to take over the successful property.
