Project Details
- GLA: 25,000 sq. m
- Current Owner: REWE Group
- Our Mandate: Q2 2017 – present
The Challenge
The leasing process was closed by Cushman & Wakefield Echinox retail team and we were further on appointed to provide property management services.
The Solution
Securing the asset on a very competitive local market involved a strategic approach in order to drive unique value into the scheme, process assured by Cushman & Wakefield Echinox retail and property management experience and strong letting abilities.
The Results
The five Penny Market Centers that have undergone reconfiguration have an excellent commercial position, and, given the fact that customers are looking for easy shopping alternatives and a mix of attractive brands, we attracted a mix of tenants complementary to Penny Market’s consumer profile. Many of the tenants who opened stores alongside Penny also marked their presence on the local market: Decathlon, JYSK (3 units), Pepco ( 3 units), Deichmann, Zoocenter, Takko.
