MEC achieves strong rental performance for 2022

• MEC let 158,000m² of total space in the past calendar year
• 223 new and follow-up leases concluded
• Former Real spaces at ten locations upgraded with new anchor tenants

MEC, the retail property specialist and national market leader for the operation of retail parks, is still on the road to success. For the year 2022, MEC can record a total of 223 new and follow-up rental contracts in its more than 80 managed properties throughout Germany. As a result, the letting result reached a total area of 158,000 m². Compared to the previous year, this is an increase in letting performance of 26,000 m². The trading partners with whom MEC was able to conclude contracts include Globus, Kaufland, TK Maxx, SiNN, Ernsting's Family, Woolworth, Modepark Röther and Rusta.

Former Real space in Leipzig fully let again

The retail property specialist successfully implemented the professional revitalization and re-letting of former Real space at ten locations last year. In almost all cases, the area sizes have been adjusted to current requirements. A good example of how MEC is successfully developing its retail locations even in an increasingly challenging environment for stationary retail is the Löwen Center Leipzig. At the location, the interdisciplinary MEC team was able to successfully re-let the former Real space after its withdrawal. After Kaufland had already opened in a sub-area in 2021, two additional specialist retail areas were created for which Aldi and the bicycle dealer Multicycle could be won as new tenants. Both retailers will open in 2023, so that consumers will be offered an even more balanced mix of tenants and branches in the future. “By creating and implementing an individual re-letting and property strategy, we were able to align the Löwen Center and our other locations with stable value for the future. Retail properties with a strong new food anchor are developing particularly well,” says Christian Thiele, Head of Leasing Management at MEC.

Goal and solution-oriented cooperation as a success factor

The retail property specialist relies on close dialogue with its clients when developing locations. This also resulted in various consulting mandates, which could be successfully implemented in the form of subsequent letting concepts. “The renewed rental success is mainly due to the goal- and solution-oriented cooperation of everyone involved. In addition to rental expertise and creative approaches, there is a need more than ever for reliable local and national networks on the market that have grown over the years. Since our 14 letting experts have all of this, we can continue to exploit the full potential of the locations entrusted to us,” says Thiele.