Multi opens phase 1 of biggest inner city retail development in Germany Boulevard Berlin (DE)

The first phase of 76,000 m² GLA, opened April 1 in the middle of the Schlossstrasse, one of the most important shopping streets in Berlin.

The sole tenant of the first phase, with about 24,000 m² gross leasable area, is a Karstadt store - with a new store-design - together with LeBuffet and PERFETTO. This is the most modern Karstadt store in Germany.

The second phase, which is intended to make Boulevard Berlin one of the most integrated inner-city shopping centres in Germany is designed to offer four layers of retail, gastronomy and services. The investment value is ca. €450 million. The opening of the whole project is planned for autumn 2011.

Source: Multi

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