Penny Centers Portfolio

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.