DGAP-News: Deutsche EuroShop acquires majority stake in Main-Taunus-Zentrum
(firmenpresse) - DGAP-News: Deutsche EuroShop AG / Key word(s): Miscellaneous
Deutsche EuroShop acquires majority stake in Main-Taunus-Zentrum
15.12.2010 / 10:00
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Deutsche EuroShop acquires majority stake in Main-Taunus-Zentrum
- Shareholding increases to 52%
- EUR17.2 million purchase of 9% stake
Hamburg, 15 December 2010 - At the end of 2010, shopping center investor
Deutsche EuroShop will acquire from an institutional investor a stake of
around 9% in the Main-Taunus-Zentrum shopping center (MTZ) near Frankfurt
for some EUR17.2 million. Deutsche EuroShop's shareholding in the center
will consequently increase to 52%.
'The Main-Taunus-Zentrum belongs to Deutsche EuroShop's original portfolio.
We are delighted that we are now able to acquire a majority stake in this
excellent shopping center', said Claus-Matthias Böge, Executive Board
Spokesman, Deutsche EuroShop.
Once ongoing expansion work has been finalised in autumn 2011, MTZ will
present some 180 specialist shops of well-known retailers (e.g. Ansons,
Breuninger, H&M, Kaufhof, Karstadt, Media Markt, Peek&Cloppenburg, Zara)
on a retail space of around 91,000 sqm. Following completion of expansion
work to its northern side, the center will offer its visitors more than
4,500 car parking spaces. 'The pre-letting level already stands at around
70%, and - in keeping with all our shopping centers - we expect 100%
occupancy by the time the extension is opened', Böge added.
MTZ was one of the first ever shopping centers to be opened in Germany in
1964, and was modernised and expanded from 2001 to 2004. It is located in
Sulzbach on the western outskirts of Frankfurt, directly on the A66
(motorway between Frankfurt and Wiesbaden). Managed by ECE, the European
market leader in the shopping center segment, since 1998, the shopping
center has a catchment area encompassing a population of 2.2 million. Up to
40,000 customers visit MTZ each day.
Deutsche EuroShop - The Shopping Center Company
Deutsche EuroShop is Germany's only public company, that invests solely in
shopping centers in prime locations. The MDAX-listed Company currently has
equity interests in 18 European shopping centers in Germany, Austria,
Hungary and Poland.
Facts&Figures of the Main-Taunus-Zentrum (incl. the extension)
Location Sulzbach (close to Frankfurt)Note for editors
Investment of DES 52%
Selling space in sqm approx. 91,000
Parking approx. 4,500
Number of shops approx. 180
Occupancy rate (extension) 100% (70%)
Catchment area 2.2 million inhabitants
Opening/refurbishment 1964/2001
Website www.main-taunus-zentrum.de
Digital pictures (incl. micro- and macromap) can be requested by e-mail:
ir(at)deutsche-euroshop.com or downloaded at
http://www.flickr.com/photos/desag/
End of Corporate News
15.12.2010 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Deutsche EuroShop AG
Oderfelder Straße 23
20149 Hamburg
Deutschland
Phone: +49 (0)40 413 579-0
Fax: +49 (0)40 413 579-29
E-mail: ir(at)deutsche-euroshop.de
Internet: www.deutsche-euroshop.de
ISIN: DE0007480204
WKN: 748020
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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106514 15.12.2010Unternehmensinformation / Kurzprofil:
Datum: 15.12.2010 - 10:00 Uhr
Sprache: Deutsch
News-ID 32863
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Kategorie:
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