In Mülheim an der Ruhr, we are currently preparing the refurbishment of the Rhein-Ruhr Zentrum shopping centre. We acquired the centre in the first quarter of 2018 in our joint venture with the “North Haven Real Estate Fund IX Global” managed by Morgan Stanley Real Estate Investing (MSREI). Purchasing the centre together with the Karstadt Arkaden and the adjoining office tower, we have reunited all parts of the site under one ownership structure for the first time. With a total rental space of around 138,000 square metres, the site gives us excellent modernising and repositioning opportunities in the relevant catchment area.
redos / MSREI IX
1st quarter of 2018