Multi acquires centre management for two Allianz Real Estate shopping centres in Braunschweig and Heidelberg

Multi acquires centre management for two Allianz Real Estate shopping centres in Braunschweig and Heidelberg

Multi acquires centre management for two Allianz Real Estate shopping centres in Braunschweig and Heidelberg

Düsseldorf, 27 September 2018

Multi Germany GmbH, part of Multi Corporation, one of the leading managers, owners and redevelopers of shopping centres in Europe and Turkey, will be taking over the management of the Welfenhof in Braunschweig on 1 October and of Darmstädter Hof Centrum in Heidelberg at the beginning of 2019. This comprises the centre management including leasing, marketing and facility management. Both properties are shopping centres with integrated residential and office space. This continues Multi Germany’s successful long-term partnership with asset manager Allianz Real Estate. The focus of Multi Germany’s strategic alignment is the growing demands arising from a consolidation of the retail market and the demand for innovative concepts.

Holger Hosang, Head of Asset Management of Allianz Real Estate GmbH: “Both shopping centres, Darmstädter Hof Centrum in Heidelberg and Welfenhof in Braunschweig, contribute to our attractive portfolio of retail properties, and are challenging to manage due to their mixed use. Multi Germany has the necessary experience and international expertise to meet these high demands. We started the partnership with Multi in January this year with shopping centre Allee in Budapest and are now looking forward to continuing this successful partnership.”

Hubert Stech, Managing Director of Multi Germany GmbH: “Today, it is no longer enough to ‘simply operate’ a shopping centre. Being able to meet the rising demands of customers takes experienced and strategic mall management, which utilises the full potential of a property. The two new properties in Heidelberg and Braunschweig are an exciting challenge for us to move one step closer to our aim of becoming the best mall management service platform in Europe.”

Darmstädter Hof Centrum Heidelberg
The Darmstädter Hof Centrum is the largest shopping centre in Heidelberg and is located in a listed building at the gate to Heidelberg’s renowned old town (Altstadt). The site on Bismarckplatz has excellent public transport links as well as sufficient car parking. The Darmstädter Hof Centrum contains 11 offices, 102 apartments and 25 shops, including leading anchor tenants such as Saturn, dm, Calzedonia, H&M and Sparkasse Heidelberg (Bank of Heidelberg). Medical practices and language schools such as Berlitz provide the necessary diversity. The attractiveness of the building is enhanced by the town’s swimming pool (City-Bad), which is also housed in the building.

Welfenhof Braunschweig
Located in the heart of Braunschweig, the Welfenhof has more than 25 shops over a sales space of more than 3,800 sqm. Apartments cover more than 6,200 sqm and offices cover almost 2,500 sqm. Alongside Braunschweig’s largest car park with 1,000 spaces, the centre offers an extensive range of food outlets, from Hopfen Gärtchen to the trendy Rudas Restaurant and bar. It also houses the FourSide Hotel, which opened in 2015 with its characteristic interior design.