Find in the news:
BY COUNTRY

Rabo Real Estate Group sells PalaisQuartier to ECE for €800m



An announcement has been made by Deutsche Asset & Wealth Management that their real estate investment division has acquired the site of "PalaisQuartier" in Frankfurt am Main.
ECE will hold a 10% share of the transaction and is set to take control of management of ‘MyZeil’, the shopping mall next door, which is also included in the complex.  STRABAG Real Estate has obtained vacant land belonging to the property, ‘Rundschau Site’.

The main property offers 115000m² in rental space and holds five individual buildings.  It is located in the city center of Frankfurt am Main, at the junction of Große Eschenheimer Straße and the Zeil. The Nextower office tower measures around 33790m² over 32 floors; the Jumeirah Frankfurt hotel tower around 26300m², with 218 rooms; the Thurn und Taxis Palace 6300m²; the shopping mall, MyZeil, 43800m², with more than 100 retail stores and restaurants, and the underground parking area offering 1400 spaces. 

MyZeil


With a purchase price of €800m, this has become one of the largest transactions in Europe during 2014.  The PalaisQuartier is nationally renowned for its modern architecture and it has received several awards, including DGNB Gold for Office Building Sustainability. ‘MyZeil’ played host to about 15 million visitors during 2013, making it one of the most-visited centers within Germany.  The ‘Nextower’ boasts an occupancy rate of 36%.

ECE are looking forward to enhancing the Quarter with their partners. KP Investments have stated that they have fulfilled their mandate to manage a portfolio including three of the largest assets of the Rabo Real Estate Group.


More about shopping malls in Germany



TODAY, India:
Bershka's inaugural brick-and-mortar store in India is slated to open in Mumbai this November.
YESTERDAY, USA:
Ross will open 21 new Ross Dress for Less stores and three DD's Discounts stores across 17 states.
DAY BEFORE YESTERDAY, Italy:
The 120-square-meter boutique is strategically situated near the iconic Spanish Steps in Rome.
Jul 19, 2024, France:
This prime location places it in the heart of the Marais district.
Jul 18, 2024:
The acquisition is expected to finalize by the end of 2024.
Jul 17, 2024:
Ariana Grande has been announced as the latest ambassador for Swarovski.
Friend
and Follow
Designer Outlet Malaga GLA:322 917 SF
ADDRESS: 29004, Málaga, Spain
Spain . Malaga
Designer Outlet Malaga
Dolphin mall GLA:1 400 000 SF
ADDRESS: 11401 N.W. 12th Street Miami, FL 33172
USA . Miami
Dolphin mall
Shopping City Süd GLA:1 862 156 SF
ADDRESS: Europaring 2334 Vösendorf
Austria . Vienna
Shopping City Süd
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us