Deutsche EuroShop acquires 16th shopping center (DE)

Deutsche EuroShop takes an interest of 94.9% in the Stadtgalerie Hameln (Lower Saxony). The ground-breaking ceremony is planned for spring 2006, the opening is scheduled for spring 2008. The investment volume amounts to €82 million. Investment partner is the ECE-Group, which is also responsible for planning, realisation, letting and center management. With this investment the portfolio of Deutsche EuroShop comprises of 16 shopping centers with a proportionate investment volume of €1.4 billion.

With around 90 stores on three levels, the Stadtgalerie will serve as an elegant, light-flooded shopping and experience complex in the Hameln city center. Attractive shops, restaurants and cafés on total sales area of approx. 20,000 m² will considerably strengthen the status of the city centre against greenfield locations. The shopping center will have parking for 500 cars.

50% of the store spaces are already – two and a half years before grand opening – let long term to renowned retailers from the sectors fashion, shoes, drugstore/healthcare and foods.

The Stadtgalerie Hameln will be built in the middle of the city with 60,000 inhabitants at the market place (Pferdemarkt) and has a direct connection to the pedestrian zone. The shopping center is easily accessible by public transport and car. In the catchment area of the center are 370,000 people living. More than 3.8 million tourists visit Hameln – world famous for to the legend of the Pied Piper – each year.

Source: Deutsche EuroShop

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