Main-Taunus-Zentrum, Sulzbach

At the end of 2010 Deutsche EuroShop acquired around 9% of the shares in the Main-Taunus-Zentrum (MTZ) near Frankfurt from an institutional investor for approximately €17.2 million. Our shareholding in this centre, which is part of the company’s original portfolio, has therefore increased to 52%.

Opening in 1964, MTZ was one of the first shopping centres in Germany and was extensively modernised and expanded between 2001 and 2004. It is located in Sulzbach on the western outskirts of Frankfurt, directly adjacent to the A66 (between Frankfurt and Wiesbaden), one of Germany’s busiest motorways, and has its own motorway exit. There are 2.2 million people living in the catchment area and up to 40,000 customers visit the Main-Taunus-Zentrum every day.

Once ongoing expansion work has been completed, which is expected to be in November 2011, the centre will boast retail space of around 91,000 m² and some 170 specialist shops featuring well-known retailers (currently including Ansons, Breuninger, H&M, Galeria Kaufhof, Media Markt, Peek & Cloppenburg and Zara). A wealth of prominent German and foreign brands will further increase the attractiveness of the centre in the region. A food court with restaurants and cafés as well as specialist delicatessens, various service providers, doctors’ practices, a multiplex cinema and a petrol station will ensure that MTZ will be seen by many customers as a kind of “alternative city centre”.

Following completion of expansion work on its northern side, the centre will provide more than 4,500 car parking spaces for visitors. We are expecting to achieve an occupancy rate of 100% by the time the newly expanded centre opens.

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