Quick turnaround: MEC rents out former "Praktiker" stores to OBI and Hagebau

The MEC METRO-ECE Centermanagement GmbH & Co. KG and the METRO PROPERTIES GmbH & Co. KG have successfully found follow-up tenants for five former "Praktiker" stores: The spaces in Elisen Park Greifswald, Südring Center Rangsdorf, Bethanien Center Neubrandenburg and Förde Park Flensburg will be taken over by the DIY store retailer OBI. Hagebaumarkt has moved into the Beetzsee Center Brandenburg. The stores in Flensburg and Rangsdorf are already open and are experiencing great popularity.

"We are pleased about the quick and smooth reletting of these five stores. The new tenants are top quality representatives of the DIY sector", says Falk Deckstein, Head of Leasing Management of MEC METRO-ECE Centermanagement. The reletting of the remaining stores is also being pursued under high pressure.
Two of the relet stores are owned by Union Investment. “Förde Park” has been part of the portfolio of the real estate special fund UII Shopping No. 1, which Union Investment manages for institutional investors, since 2011. Also since 2011, the "Bethanien Center" has belonged to the institutional investment fund open to the general public UniInstitutional European Real Estate. The leasing contracts with OBI, covering a total area of 9,690 m² in the "Förde Park" and of 8,710 m² in the “Bethanien Center”, both have a duration of ten years.

„Wir sind mit der gefundenen Lösung sehr zufrieden", sagt Dr. Christoph Schumacher, Geschäftsführer der Union Investment Institutional Property GmbH. "Die Ertragsstärke des Förde Park und des Bethanien Center wird durch den langfristigen Mietvertragsabschluss mit einem bonitätsstarken Nutzer zusätzlich gesichert."