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| Real I.S. acquires “Hamburger Meile” shopping center  A Real I.S. property company acquired the "Hamburger Meile" shopping center from German shopping centre developer ECE and the Bruhn Group at a property value of approx. € 250 million. The property is to be offered as closed Real I.S. fund already in the third quarter 2011."The 'Hamburger Meile' center in the district Barmbek is one of the most attractive shopping centers in Hamburg, " explains Andreas Heibrock, member of the Real I.S. management board, the investment. The shopping center was completed in 1970 under the direction of the Bruhn Group and was reopened in April 2010 after comprehensive refurbishment works by the ECE/Bruhn joint venture. Today, "Hamburger Meile" is characterized by a modern appearance as well as the segmentation in different subject areas under the headline "Hamburg – city on the waterside". Behind the 600 meter long façade you can find around 50,000 square meters of leasable retail space on which currently 150 specialist stores are located. The investment property includes also an office tower providing around 15,000 m² of space of offices and medical practices. Main tenant is the city of Hamburg. "The office tower together with the four other towers forms the largest administrative complex in Hamburg. Around 2,500 employees are working here, " explains Dr. Ludwig Vogel, ECE Director responsible for the transaction. "Due to the good infrastructure and the high-density residential area in the direct environment, high customer frequency is ensured in the long-term." write your comments about the article :: © 2011 Construction News :: home page |