The owners of the rental spaces at Billstedt-Center Hamburg are on the same page: As of now, in addition to the leasing of the entire shopping center, which is owned by Deutsche Euroshop, ECE will take over the leasing of the former Karstadt space, which was recently acquired by Signature Capital. It is planned to build approximately 13 new shops on a sales area of 15,000 m². Karstadt closed its Billstedt branch in June 2015.
The first anchor tenant for the space has been confirmed: The Irish fashion retailer Primark has decided to move to this attractive location in Billstedt to open its first store in Hamburg with 7,900m². Especially big fashion brands and a sports store are expected to move into the other spaces.
Henrie W. Kötter, Member of the Management Board of ECE: “We are delighted that Signature Capital has entrusted us with managing the former Karstadt space. It has always been a part of Billstedt-Center for its visitors and we are pleased that we can manage all spaces now. We will now look at the further development of the center together with the two owners. “
Timo Herzberg, Director of Signature Capital in Germany: “The cooperation with ECE provides us with the opportunity for the best-possible positioning of Billstedt-Center. The fact that all spaces are managed by the longstanding Center Manager ensures an effective coordination between the owners. We are very much looking forward to the long-term cooperation with ECE and Deutsche EuroShop.”
Wilhelm Wellner, CEO of Deutsche EuroShop AG: “This cooperation is a real benefit for Billstedt. Visitors to the center can look forward to strong brands which will premiere in Hamburg.”
The refurbishment of the space is already underway and will be completed by the beginning of 2017. The space will then constitute a modernized section of Billstedt-Center.
Billstedt-Center was opened in September 1977 and has been managed by ECE since April 1989. The center is owned by Deutsche EuroShop AG. It accommodates approximately 110 shops on a sales area of 40,000 m². About 35,000 visitors come to the center every day; 1,500 parking spaces, a subway connection, and a number of bus connections are available in the immediate vicinity of the center.
ECE has been developing, building, leasing, and managing shopping centers since 1965. The company is European market leader for shopping centers with 196 shopping centers under management (43 of which are managed by MEC METRO-ECE Centermanagement GmbH & Co KG) and is active in 16 countries. On an overall sales area of around 7 million m², about 20,000 retail tenants generate approximately 23 billion euros in annual sales at all ECE centers combined. Among these centers are Potsdamer Platz Arkaden in Berlin, Milaneo in Stuttgart, Promenaden at Leipzig Central Station, and Marmara Park in Istanbul. A number of shopping centers are currently under construction or planned throughout Europe, among them Holsten-Galerie or Aquis Plaza in Aachen. ECE also develops other commercial properties in its business areas Office, Traffic, and Industries, such as the new German headquarters of Philips in Hamburg, ThyssenKrupp Quartier in Essen, and the Steigenberger Hotel at the new Berlin Brandenburg Airport.
About Signature Capital
Signature Capital is an international real estate investment company with offices in Dublin, London, and Berlin. To date, the company has completed transactions worth one billion euros. With more than 30 employees in Germany, Signature Capital's expertise lies in asset, property and facility management. The company's portfolio includes Zeilgalerie in Frankfurt, Smart Center in Hamburg, Neumarkt Galerie in Köln, Umspannwerk Ampere in the Berlin district of Prenzlauer Berg, the Karstadt space at Billstedt-Center in Hamburg, and the Karstadt store at Bahnhofsplatz 7 in Munich.
About Deutsche EuroShop AG
Deutsche EuroShop is Germany’s only public company that invests solely in shopping centers in prime locations. The MDAX-listed company currently has equity interests in 19 European shopping centers in Germany, Austria, Poland, and Hungary. Besides other properties, its Portfolio comprises Main-Taunus-Zentrum near Frankfurt, Altmarkt-Galerie in Dresden and Galeria Baltycka in Gdansk.