The complex currently let to Primark dates back to 1924. Image: Redevco
Development

A CHALLENGING RE-DEVELOPMENT

In Münster, Redevco subjected a heritage-protected complex to a makeover.

Rowan Verwoerd, Redevco’s Portfolio Director Germany, explained: “A redevelopment directly in the downtown area has to be actively managed in order to minimize negative impacts on the historic value of the property, the neighborhood, and the people who live and work there.”

The former building of fashion house SinnLeffers, located in the heart of the historic city, no longer fulfilled the requirements of a modern retailer. As a result, Redevco initiated a challenging redevelopment.

The façade and outer walls of the basement remained untouched as part of the building was heritage-protected. The transformed retail destination covers five levels of 8,000 sq m leasable area. Through the use of state-of-the-art lighting, air-conditioning, and elevator technologies, the projects built-in sustainability has been safeguarded, from start to finish – and beyond. All of this benefits the tenant, Primark, that opened their store in November 2017.

 

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Development MORE

Development update: BRATISLAVA’S EUROVEA II heading to the finish line

The construction of Eurovea’s expansion is in full swing. The shopping mall will be opening in April 2023 in full size and in a new design. The project is a clear symbol and indicator for the ungoing mixed-use trend.

“Developers look for Game Changers”

Reify. is Sonae Sierra´s rebranding of its real estate expertise activity which reinforces its commitment to offering multidisciplinary services to investors and developers. ACROSS spoke with Jorge Morgadinho, Reify.’s Executive Director, about the first business year after the rebranding.

55,000 sq m mixed-use project Waterfront Genoa (IT) serviced by Nhood

Nhood Services Italy became a service provider for the urban transformation project of Waterfront di Levante, located in Genoa. Due to the special architectural solutions made by Renzo Piano, Waterfront can be described as a low environmental impact project for the city.

Masterplan for Mixed-Use Development of St. Enoch Center in Glasgow

Property developer and asset manager, Sovereign Centros, has submitted a planning application outlining its masterplan proposals for the reimagination of St. Enoch Center in Glasgow. The mixed-use development puts focus on retail, leisure, entertainment, hotel, offices, and city center living.

Iulius launches €500 Million Urban Regeneration Project in Romania

Iulius Group is launching a new investment in Cluj-Napoca: more than half a billion Euros for their urban regeneration project in Romania.

DI Group expands “Rathaus Center Pankow” for more than €12 million

Deutsche Immobilien-Gruppe (DI Group) is now investing more than €12 million in the expansion and renewal of its shopping center "Rathaus Center Pankow". The extension will create about 2,100 sq m, 7% more space.