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METRO PROPERTIES extends all its MEC mandates

With twelve mandate extensions, MEC enters the tenth year of its existence in a stronger position. METRO PROPERTIES extends all contracts for the center management of its twelve MEC locations, thus strengthening the continuity of MEC's core business.

The extended mandates cover customized services around integrated center management of retail parks and hybrid malls including commercial and technical management as well as leasing.

„Wir freuen uns, dass wir gemeinsam mit der MEC die Weiterentwicklung der Center in diesem Jahr erfolgreich voranbringen konnten und unsere gute Zusammenarbeit verlängern. 2020 war ein besonderes Jahr, die Corona-Pandemie hat uns, unsere Mieter und Geschäftspartner vor besondere Herausforderungen gestellt. Aber sie hat auch gezeigt, wie wichtig die Nahversorgung und ein guter Centermanager vor Ort ist. In all unseren Centern wurde herausragende Arbeit geleistet, um weiterhin ein sicheres Einkaufserlebnis für unsere Kunden zu schaffen.“, sagt Oliver Borg, Director Region Germany, METRO PROPERTIES.

"We thank METRO PROPERTIES for this signal of continued trustful cooperation," says MEC-CFO Sebastian Kienert. "The mandate extensions at the twelve locations nationwide strengthen our core business and allow us to successfully continue our center services based on customer needs with our interdisciplinary teams."

Over the years, MEC has become the national leader in retail center management with a continuous expansion of its client base and new market-oriented services. In addition to managing retail parks and hybrid malls, it is currently expanding its new property management product for smaller retail properties as another pillar of growth.

The locations of the contract extensions at a glance:

• Beetzsee Center Brandenburg
• Bethanien Center Neubrandenburg
• City Center Balingen
• Elisen Park Greifswald
• Förde Park Flensburg
• Gutenberg Center Mainz
• Halle Center Peißen
• Plauen Park
• Rheinhessen Center Alzey
• Saarbasar Saarbrücken
• SUMA Center München
• T.E.C. Erfurt

Image: The T.E.C. and eleven other METRO PROPERTIES centers remain under MEC management.