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ePaper created 2012-04-27, 18:36:07 | version 1.23.1
partners DWS, Deutsche EuroShop and ECE. The expansion and modernisation measu- res have made the center into a high-quality piece of retail real estate. In order to widen the tenant mix and make it more attractive, the center urgently needed a larger supply of retail space. In order to achieve this, it had to build over the north car park between Bundesstrasse 8, the existing multi-storey car park and the center. A mall was created on the ground floor which transformed the existing row of shops into a circular route. The two floors above are used as parking levels. With the new four- storey car park to the south side, the Main- Taunus-Zentrum now has 4,500 free parking spaces. Like the existing center, the extension’s energy needs are met through green electricity and district heating. The Main-Taunus-Zentrum was one of Germany’s first shopping centers, opening in May 1964. It has a potential catchment area of 2.2 million people and attracts an average of 39,000 shoppers per day, making it one of the most visited retail locations in the country. It is regarded as a textbook example of how a retail property can be successfully managed over the decades with the help of continual modernisa- tion and adaptations to the market. The center’s anchor tenants are Galeria Kauf- hof, Breuninger, Media Markt, Karstadt, Peek & Cloppenburg, C&A, AppelrathCüpper, Zara, Anson’s and Rewe. H&M and New Yorker have both increased their floor space following the extension, while new additions include an Apple Store, Thalia, the fashion labels Hollister, Bench, G-Star and Koo- kai, and Weinkellerei Höchst, a regional wine merchant and quality grocer. include an Apple Store, Thalia,include an Apple Store, Thalia, the fashion labels Hollister,the fashion labels Hollister, €75millioninvested Shopping fun in the open air TThe Main-Taunus-Zentrum is now the lar- gest shopping center in the state of Hessen, following the opening of its new extension on 17 November 2011. Some 12,000 m² of retail space has been added, to give a total of around 91,000 m². Around 70 new businesses have opened, and the center now holds 170 speci- alist shops, cafes, restaurants and service outlets. There are around 4,500 visi- tor parking spaces, up by about 500, and 540 new jobs have been created, with the result that some 2,800 people are now employed at the Main- Taunus-Zentrum. Around € 75 million was invested in the modernisation and expansion, which was conducted by the project alist shops, cafes, restaurants and servicealist shops, cafes, restaurants and service outlets. There are around 4,500 visi-outlets. There are around 4,500 visi- tor parking spaces, up by abouttor parking spaces, up by about 500, and 540 new jobs have500, and 540 new jobs have Taunus-Zentrum. AroundTaunus-Zentrum. Around € 75 million was invested in€ 75 million was invested in the modernisation and expansion,the modernisation and expansion, which was conducted by the projectwhich was conducted by the project 91 ZENTRUMZENTRUMZENTRUMMAIN-TAUNUS- MAIN-TAUNUS- MAIN-TAUNUS- Sulzbach / MAIN-TAUNUS- MAIN-TAUNUS- MAIN-TAUNUS- MAIN-TAUNUS- Frankfurt thousand m2 of retail space 52 DES Annual Report 2011 THE CENTERS portfolio news