Altmarkt-Galerie Dresden: Center extension opens (DE)

On Thursday, March 31, 2011, at 8 am, Dresden's First Mayor Dirk Hilbert and Center Manager Thorsten Kemp opened the extension building of the Altmarkt-Galerie with the symbolic cutting of the red ribbon. On the new three-story mall, around 100 new specialist stores, cafés, restaurants and service businesses are presented on around 18,000 m² of additional sales area.

Computersimulation Altmarkt-Galerie Dresden

Around €165 million was invested in the extension.

More than 3,300 m² office space and a hotel (Etap) with more than 200 rooms, which will start operation in July, are also part of the extension. The listed former Intecta building has been comprehensively refurbished and integrated in the overall concept.

Around €165 million was invested in the extension. All-in-all, Altmarkt-Galerie now provides more than 200 shops on approximately 44,000-m² sales area. In future, around 2,000 people will work in the Altmarkt-Galerie - approx. 800 more than before.

Project partners are Deutsche EuroShop, TLG IMMOBILIEN and ECE. Long-term management of Altmarkt-Galerie will be realized by ECE, who also developed, planned and leased the center. The first construction section of Altmarkt-Galerie was opened in 2002.

Dirk Hilbert, First Mayor of Dresden, the capital of the German federal state of Saxony: "The extended Altmarkt-Galerie does not only increase the attractiveness of Dresden's city center for the citizens and tourist from all over the world, but also strengthens trade and industry. I am particularly delighted about the fact, that at the same time 800 new jobs have been created."

Alexander Otto, ECE CEO: "The extended Altmarkt-Galerie is a great trademark for Dresden's quality and spirit of optimism. It will continue to sustainably strengthen the attractiveness of the complete city center."

Niclas Karoff, Managing Director of TLG IMMOBILIEN: "The interest of TLG IMMOBILIEN in the Altmarkt-Galerie and its extension is a fundamental component of our commitment in Dresden. The Saxon capital is one of our most important investment focuses in eastern Germany."

Claus-Matthias Böge, Spokesman of the Management Board of Deutsche EuroShop: "As investor right from the beginning we are very pleased with the Altmarkt-Galerie's development. It is part of our portfolio treasure and will gain further luster with the extension."

New shop concepts in Dresden
Retail demand for the new shop spaces in the Altmarkt-Galerie is enormous. More than half of the 100 new specialist stores are new in Dresden. The providers include among others the Californian computer brand Apple with its first store in eastern Germany, as well as the US cult label Hollister, which will open its fashion store in September.

The new providers include moreover international retail concepts such as Boss, Gant, Marc Cain, Tommy Hilfiger, Guess, We Fashion, Promod, O'Neill, One Green Elephant, the shirt specialitsts Eterna and Olymp or also Högl shoes from Austria as well as John Baker & Son from London with handmade shoes. Butlers and Depot close the gap in the living and gifts assortment.

Café Kreutzkamm in the style o

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