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



YESTERDAY, North America, North America:
A retailer has filed several new trademark applications, indicating that it intends to produce and sell virtual goods.
Jan 15, 2022, United Kingdom:
Selfridges will be the first-ever entry into the meta-universe, and for the department store's customers, it will be a unique token buying experience.
Jan 15, 2022, Japan:
Fast Retailing CFO: "It's time to review and raise prices on some products as we face higher costs."
Jan 14, 2022, USA:
Employees who have not been vaccinated could be laid off as early as January 15, 2022.
Jan 14, 2022, United Kingdom:
Among the top three streets in the world are London's Oxford Street, Madrid's Gran Via, and New York's Fifth Avenue.
Jan 13, 2022, China:
A total of 12 flagship department stores, 90 stores, and more than 60 catering facilities will be located at the complex.
Friend
and Follow
AEON MALL Okinawa Rycom GLA:839 585 SF
ADDRESS: 901-2300 Tochi-kukaku seirichinai Awase, Kitanakagusuku Village, Nakagami District, Okinawa
Japan . Ginowan
AEON MALL Okinawa Rycom
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul
Optimum Outlet GLA:421 127 SF
ADDRESS: ve Eglence Merkezi | Istiklal Sokak No.2/B Yenisahra/Atasehir
Turkey . Istanbul
Optimum Outlet
Charlotte Premium Outlets GLA:400 000 SF
ADDRESS: 5404 New Fashion Way Suite 100, Charlotte, NC 28278
USA . Charlotte
Charlotte Premium Outlets


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