Cologne, 3 May 2022

New in the Multi portfolio: The German team of the European integrated service platform for retail real estate assets, will take over the management of QUINCY, a mixed-use asset in the heart of the cathedral city of Cologne from May 01, 2022. Multi will be responsible for the centre management as well as the property and technical management of the former DuMont Carré.

“We are very proud of our steady and successful expansion. This is further proof that our approach of proactive and entrepreneurial management is the right way to go. With QUINCY we have gained a very attractive and modern retail property. Due to its inner-city location in the metropolitan region, QUINCY offers excellent potential for a successful and sustainable positioning as a smart quarter of the city.” explained Hubert Stech, Managing Director Multi Germany & Benelux. 

In a joint venture with Tristan Capital Partners, CONCEPTA Projektentwicklung GmbH revitalized the former DuMont Carré in Cologne since 2019 and repositioned it as QUINCY in Cologne’s retail sector. Dr. Martin, Managing Director of CONCEPTA, the nationwide project developer, is very pleased with the decision to entrust Multi Germany with the management of QUINCY. “The mixed-use nature of QUINCY is very challenging. With Multi Germany and its many years of experience, as well as its national and international expertise, we have exactly the right partner to meet these high demands. We are looking forward to the new cooperation and to fully exploiting the great potential of this mixed-use property with Multi as our partner and to continue to successfully establish the QUINCY brand in the Cologne cityscape,” says Dr. Martin.  

QUINCY combines shopping, residential and offices with a total area of 42,000 sqm. retail with around 40 stores is spread across three levels and 20,000 sqm. of the centre. The centre is easily accessible in the middle of Cologne’s inner city. The varied tenant mix from the retail and service sectors offers a modern shopping experience. Tenants include international concepts such as Decathlon, Karadag, Søstrene Grene, Smyths Toys, Woolworth, Zalando-Outlet, fitness studio – Fitness First and several gastronomic establishments.


Related news articles

1

Multi’s faceted approach after management buyout

React News spoke to Multi board members and co-CEOs Elmar Schoonbrood and Steven Poelman about the road ahead. After completing a management buyout from Blackstone in March, Multi Corporation is mapping out its new strategy...

Read more

1

Multi appointed asset manager for Vulcano Buono

Vulcano S.p.A. has appointed Multi Corporation, via its subsidiary Multi Italy, as the asset manager for the iconic shopping centre Vulcano Buono located in Nola, Italy. The scope of the mandate includes the development and...

Read more