13 September Berlin / Dresden - Corio.eu

Property tour Germany 

13/14 September 2010

Programme 

13 September Berlin / Dresden 

10.00 – 10.15 Arrival on Berlin Airport Tegel 

11.00 Transportation by bus from the airport to ‘Boulevard Berlin’ 

11.30 Visit ‘Boulevard Berlin’ (address: Schloßstraße 7-9 ) 

13.00 Transportation by bus from Berlin to Dresden (lunch, presentation 

and video in the bus) 

16.30 Visit ‘Centrum Galerie Dresden’ (address: Prager Straße 15) and 

‘Altmarkt Galerie’ (from DES) (address: Webergasse 1) 

18.30 Check in at Hotel Pullmann Dresden (address: Prager Straße 2c, 

t: 0049 (0) 351 4814 109) 

19.00 Guest speaker about German retail market (Ralf-Peter Koschny 

of BulwienGeSA , for more info: www.bulwiengesa.de) 

20.30 Dinner at Augustiner an der Fraukircher (address: An der 

Frauenkirche 16/17, t: 0049 (0) 351 4828970) 

13 / 14 September 2010 Property tour Germany 2

Programme 

14 September Dresden / Duisburg 

07.00 Check out Hotel (breakfast is included) 

07.15 Transportation by bus to Airport Dresden 

08:55 Flight to Düsseldorf (also breakfast on board) 

10.00 Arrival Düsseldorf (transportation by bus to Duisburg) 

11.00 Visit ‘Forum Duisburg’ (address: Königstraße 48) and 

‘Königsgalerie’ 

13.00 Lunch (address: Mercatorhalle Duisburg im CityPalais 

Landfermannstraße 6, D-47051 Duisburg) 

13.30 Presentation of Axel Funke (Managing Director of Multi Germany) 

15.00 Transportation to Airport Düsseldorf (trainstation is near 

shopping centre in Duisburg) 

13 / 14 September 2010 Property tour Germany 3

Why Germany?? 

� Presence in the four largest continental European consumer 

markets 

� Germany is our new home market 

� Together with other two home markets, serving 340 million 

consumers across Europe 

� Excellent quality assets 

� New shopping centres 

� City-centre locations (i.e. catchment areas) 

� High street footfall 

� Attractive timing in real estate cycle 

� Benefits from Multi’s existing platform 

� Retail to increase to 95% of total Corio portfolio 

� Stronger profile and better position towards retailers 

Arneken 

Galerie 

(Hildesheim) 

Königsgalerie (Duisburg) 

Forum Duisburg 

(Duisburg) 

Schlossstrasse 

(Berlin) 

Centrum Galerie 

Dresden 

(Dresden) 

Quartier an der Stadtmauer 

(Bamberg) 

Development Projects Operational shopping centres 

Corio to create a leading platform in 

Germany, benefiting from Multi’s 

significant experience and 

investment 

13 / 14 September 2010 Property tour Germany 

4

Prime yield evolution (%) 

8.0 

7.5 

7.0 

6.5 

6.0 

5.5 

5.0 

4.5 

4.0 

Source: Jones Lang LaSalle 

German retail property market 

Resilient with limited supply 

Portugal Germany UK Spain 

Belgium Italy Netherlands France 

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 

Below average existing shopping centre provision per 

capita 

Netherlands 

Sw eden 

UK 

Spain 

France 

Portugal 

Italy 

Czech Republic 

Germany 

Turkey 

Total GLA in m 2 /1,000 inhabitants 

Data as per January 2010 

0 100 200 300 400 500 

Key observations 

Over the last 15 years, spread between highest and lowest yields has 

been the lowest in Germany: 

� Germany 125 bps (mature, but not yet saturated market) 

� NL 200 bps (mature, but not very international market) 

� UK 200 bps (mature, liquid market) 

� France 350 bps (mature market) 

� Italy and Spain 400 bps (growth market) 

Comparatively small pipeline (%) 

Turkey 

Portugal 

Spain 

Italy 

Czech Republic 

Netherlands 

Germany 

France 

Sw eden 

UK 

Shopping centre pipeline 2010–2011 

as a % of shopping centre stock 

0 10 20 30 40 50 


5

Major tenants in German 

portfolio 


6

Overview German operational 

shopping centres and development projects 


7

� Operational shopping centre 

� Opening date: October 2009 

� GLA: 64,500 m² 

� NIY: 6.6% 

Centrum Galerie Dresden 

� Inner city retail development on Prager Strasse, Dresden’s 

prime retail high street (500,000 inhabitants) 

� Anchor tenants: Karstadt Sports, P&C, Media Markt, Müller 

Drogerie, The Sting, Next 

� BREEAM rating: ‘Excellent‘ 


8

October 2009 

CENTRUM GALERIE 

DRESDEN, GERMANY 

Inner city shopping center 

Fact sheet 

www.multi.eu

CENTRUM GALERIE - DRESDEN - GERMANY 

www.multi.eu 

Management summary 


• Inner city retail development on the 

Prager Strasse, Dresden's prime retail 

• Refurbishment/redevelopment of 

former state department store 

• Refurbishments and extensions of 

prime high street retail have high 

potential in the German market 

• Access via (pedestrian) city boulevards 

and tram line network; 

• Visibility from the main entrance roads 

to the city center and main high street 

• 1.150.000 inhabitants in the core 

catchment area, plus 420.000 

inhabitants in the residual area. 

Centrum Galerie Dresden 

• 64.100 m² total GLA, including: 

• 21.000 m² anchors plus supermarket 

• 10.180 m² Peek & Cloppenburg 

• 9.800 m² mid size units 

• 8.600 m² shop units 

• 14.500 m² gastronomy, leisure, 

storage and services 

• 1.057 parking spaces; 

• Key tenants: Peek & Cloppenburg and 

Karstadt Sport; 

• Opened in September 2009 

• BREEAM certificate ‘excellent’ for 

sustainability 

Multi’s competence 

• Concept and design: creating retail and 

public space that is embedded in the 

existing urban structure; 

• Multi Germany has a prominent position 

in the German market through strong 

strategic partnerships 

• Strong local and corporate leasing 

department, creating synergy with 

concept and location by attracting a mix 

of international, national and local 

brands; 

• Effective quality control and 

management building process; 

• Optional experienced mall and asset 

management after opening guarantees 

Multi’s long term commitment to 

Centrum Galerie.




City profile 

Geography and location 

• Located in eastern Germany on the 

shores of the Elbe river and close to the 

Czech border; 

• Situated 200 km south of Berlin, 150 

km northwest of Prague and 100 km 

east of Leipzig; 

• Germany’s 13th largest city; 

• Capital of Saxony and second largest 

city after Leipzig; 

• Famous for it’s baroque-style 

architecture, therefore often referred to 

as ‘Florence of the North; 

• With the incorporation of neighbouring 

communities, Dresden is the 4th largest 

urban district conglomeration of the 

country. 

Population 

• Dresden 510.000 inhabitants 

• Dresden agglomeration 800.000 

inhabitants; 

• Metropolitan area (Ballungsraum) 1,2 

million inhabitants; 

• Administrative region (Direktionsbezirk 

Dresden) 1,7 million inhabitants 

Economy 

• After the unification of Germany in 1990, 

Dresden quickly recovered and 

regained its function of political and 

cultural center of Saxony; 

• Major tourist destination with nearly 10 

million tourists in 2007; 

• Among the most dynamic economic 

districts of Germany, dominated by high 

tech branches; 

• Key economic sectors are micro 

electronics, communication and 

information technology, biotechnology 

and the pharmaceutical industry; 

• Important (higher) educational center, 

with Technical University Dresden 

(35.000 students, one of the largest in 

Germany), College of Fine Arts, etc. 

• Unemployment stands, with 11%, 

above the national but well below 

eastern Germany’s average 

• Purchasing power per capita of 95 

(Germany = 100), but well the above 

average in eastern Germany; 

• Purchasing power is 2 nd highest, higher 

than to other East German cities


Google Maps 2008 


Location 

Situation 

• Located in the city center on the high 

street (Prager Strasse); 

• Adjacent to the prime pedestrian retail 

zone of Dresden; 

• Synergy with the existing city center retail 

structure; 

• The realization of Centrum Galerie 

Dresden will have a positive impact on 

the appearance and retail supply in the 

high street area 

Access 

• Direct pedestrian access from the prime 

high street, Old City (Altstadt) and New 

City (Neustadt); 

• Dresden has an extended tram network, 

consisting of 12 tram lines; 

• Opposite Prager Strasse tram stop is 

used by 4 tram lines, nearby 

Walpurgisstrasse by 5 tram lines; 

• Dresden central railway station is 500 

meter in southern direction; 

• Accessibility by car is guaranteed by 

regional roads B173 (west), B170 (northsouth) 

and B172 (east); 

• Centrum Galerie is located near two 

important city center junctions. 

Visibility 

• Frontage and prominent profile to the 

Prager Strasse, the prime high street; 

• Adjacent to Waisenhausstrasse and 

clearly visible by car traffic.



Centrum Galerie 

High street 


Context 

Characteristics 

• City center development adjacent to the 

prime high street area. 

• Refurbishment/redevelopment of the 

former state department store (later 

Karstadt department store). 

• Façade of previous department store is 

partly listed. 

• Strong synergy of Centrum Galerie with 

other city center retail. 

Site access 

• Direct pedestrian access via the prime 

high street (Pragerstrasse). 

• Tram stops Pragerstrasse and 

Walpurgstrasse at walking distance. 

• Dresden central station at walking 

distance (ca. 500 meter). 

• Centrum Galerie parking entrance/exit 

on Reitbahnstrasse, which connects 

with Waisenhausstrasse and 

Ammonstrasse; 

• Waisenhausstrasse provides direct car 

access from regional roads B170 and 

B172. 

• Ammonstrasse is part of the city center 

ring road and connects with regional 

road B173. 

Vicinity 

• Historic city center with monumental 

Liebfrauenkirche, Residence Castle, 

and Zwinger Palace amongst others in 

the north 

• Adjacent to the prime high street in the 

east, with a continuation of the fun 

shopping area in northern and southern 

direction. 

• Kristallpalast, a large cinema complex, 

parking spaces and apartments in the 

eastern vicinity. 

• Directly south of Centrum Galerie, Ibis 

Hotel with shops on ground level. 

• Further south Dresden central train 

station and Wiener Square. 

• Residential area with apartment 

buildings in the west.


0-15 minutes 

15-25 minutes 

Secondary 

Primary 

Residual 


Catchment area 

Primary catchment 

• Population of Dresden, including 

students; 

• 510.000 frequent visitors. 

Secondary catchment 

• Eastern part Landkreis 

Meissen:180.000 inhabitants; 

• Landkreis Sächsische Schweiz- 

Osterzgebirge: 260.000 inhabitants; 

• Western part Landkreis Bautzen: 

200.000 inhabitants; 

• Total 640.000 less frequent visitors. 

Residual catchment 

• Rest of Landkreis Bautzen: 130.000 

inhabitants; 

• Landkreis Gorlitz: 290.000 inhabitants 

due to a lack of modern shopping 

center space in that area; 

• Total 420.000 inhabitants.

1b 



GLA (m2) Nr Area/project Type 

Opening 

Owner/ 

developer 

A 

1a 

2 

3 

4 

5 

High street 

Altmarkt Galerie 

- extension - 

Quartier an der 

Frauenkirche 

Elbe Park 

Kaufpark 


O.D.C. Center 

3 

1 2 

Centrum Galerie A 

High street retail 

Inner city shopping 

center 


center 


center 

Shopping center / 

retail park 

Shopping center 

Shopping center 

n/a 

2002 

2010 

2006 

1995 

1996 

2001 

5 

n/a 

4 

33.600 

18.000 

8.000 

85.500 

55.513 

32.436 

Shopping centers 

Existing 

Pipeline 

n/a 

ECE 

ECE 

Reggeborgh 

n/a 

Lidl & Schwarz 

Feulner GmbH- 


Market situation 

• Dresden has an extensive and 

rejuvenated high street area, centered 

around the Prager Strasse, See 

Strasse and Altmarkt. 

• Altmarkt Galerie, developed and 

managed by ECE, has a diverse supply, 

and is a key competitor and will be 

extended. 

• Elbe Park and Kaufpark Dresden are 

the main suburban retail competitors. 

• Elbe Park is situated near a highway 

exit in the northern part of the city. Elbe 

Park is a retail park with big box anchor 

retailers and no fun shopping elements 

of importance. 

• Elbe Park (with IKEA) and Kaufpark 

Dresden (C&A, MediaMarkt, strong 

retailers) are the main suburban retail 

competitors in the city, both located 

near a highway exit; 

• Two convenience shopping centres 

situated in housing areas east of city 

center. 

• Centrum Galerie will be the largest city 

center retail scheme in Dresden. 

• Because of its scale and its location in 

the heart of the traditional retail area of 

Dresden close to urban public transport 

facilities will make Centrum Galerie the 

dominant scheme in the city.


-1 floor 

Ground floor 

First floor 

Second floor 


Program & concept 

Fundamentals 

• City center shopping center adjacent to 

and synergy with the main high street 

area of Dresden; 

• Refurbishment/redevelopment of 

former state department store with 

listed façade. 

Program 

• Prime inner city location and scale, 

dimension and extensive program will 

position Center Galerie as the prime 

retail destination in Dresden; 

• 64.100 m 2 retail, including 

• 20.100 m 2 anchor units plus 

supermarket 

• 10.180 m² Peek & Cloppenburg 

• 9.800 m 2 mid size units 

• 14.500 m 2 restaurants, fitness, 

storage and other services 

• 120 units; 

• 1.057 parking spaces. 

Concept 

• Inner city shopping center with four 

floors; 

• Largest anchors are trading over 

several floors with internal access, 

improving routing throughout the 

shopping center; 

• Parking both on top and underneath the 

retail floors, which provides a stable 

amount of visitors over all floors; 

• BREEAM certificate ‘excellent’ for 

sustainability 

Tenants 

• Leasing is in progress and undertaken 

by Multi Germany with support of Multi 

Corporation; 

• Anchor tenants Peek & Cloppenburg 

Karstadt Sport, and Mediamarkt 

signedup for Centrum Galerie. 

• Shop tenants include: Müller Drogerie, 

The Sting, Konsum Supermarket, (well 

known brand at this location in 

Dresden),Marc o Polo, Gaastra, 

Timberland, S'Oliver, DM Drogerie

� Operational shopping centre 


� Opening date: September 2008 

� GLA: 58,500 m² 

� NIY: 6.4% 

� Inner city shopping centre over three floors in Duisburg 

(500,000 inhabitants) 

� Anchors tenants: H&M, C&A, Karstadt, The Sting, New Yorker, 

Saturn 

� BREEAM rating: ‘Very Good’ 

� ICSC Awards: ‘Best large development ‘ and ‘Resource’ 


9

Duisburg - Surrounding Cities/ 

Shopping Centers 

• Dense population in Rhine-Ruhr Area 

with more than 6 mio inhabitants 

• Concentration of shopping centers 

east and south of Duisburg 

• Athough catchment area of Duisburg 

not overlapping with catchment areas of 

other SC‘s 

• Forum Duisburg currently as the only 

inner city SC in Duisburg 

• Forum Duisburg becoming the ”retail 

destination“ 

• Increasing market share of the local 

purchase power 

• Reaching catchment area west of 

Duisburg and Niederrhein area/ 

Netherlands 

• Autobahn A 3 being the “natural“ 

barrier to the catchment areas of the 

SC‘s east of Duisburg 


10

July 2009 

FORUM DUISBURG 

DUISBURG – GERMANY 


Fact sheet 


FORUM DUISBURG – DUISBURG – GERMANY 



City center revitalisation 

• Located in the city center of 

Duisburg, facing the city’s retail 

high street Königstrasse; 

• Opposite of the casino and 

festival hall, which are 

destinations for tourists in the 

Rhine-Ruhr area as well as the 

neighboring areas; 

• Forum Duisburg is the new clear 

retail heart of Duisburg, attracting 

shoppers from Duisburg and it‘s 

agglomeration; 

• Very good visibility from the main 

street thanks to 130 m frontage to 

the Königstrasse; 

• Very good car, public transport 

and pedestrian access (subway 

access at-1), 

• Less than 400 m to the central 

station of Duisburg. 


• 58.600 m2 total GLA; 

• Inner city shopping center over 3 

floors 

• with public access and two 

additional floors with internal 

connection; 

• Anchors: Karstadt, Saturn, C&A, 

H&M, Mayersche Buchhandlung; 

• 1.153 underground parking 

spaces; 

• Opened in September 2008. 


• Concept and design: creating 

retail and public space and 

embedness in existing urban 

structure; 

• Prominent position in the German 

market through strong strategic 

partnerships; 

• Strong local and corporate 

leasing department; 



• Experienced mall and asset 

management after opening 

guarantees Multi’s long term 

commitment to Forum Duisburg.


Duisburg 


City Profile 

Geography and territory 

• Duisburg is an industrial city, 

situated in western Germany 

and connected to one of the 

most important railway routes 

in Germany (ICE station); 

• Surrounded by different 

motorways, the nearest 

motorway junction at 500 

meter distance is currently 

being revitalized; 

• The city is situated within the 

densely populated Ruhr Area. 

Population 

• Duisburg 496.500 inhabitants; 

• Ruhr Area 4,8 million 

inhabitants. 

Economy 

• Industry-based, though 

diversifying economy; 

• Main economic sectors: iron 

and steel production, logistics, 

microelectronics, 

telecommunications and call 

centers; 

• Positive development of the 

city being strongly influenced 

by: 

• National and international 

well known Technical 

University 

• Redevelopment of former 

harbor area with residential 

and office space designed 

by Sir Norman Foster 

• Modernization of the 

pedestrian area 

• Strengthening of the city 

center with new projects 

such as the city library 

• Income levels are about 1% 

below the national average; 

• Unemployment rate is slightly 

above the average of the Ruhr 

Area.



Location context 

Situation 

• Located in the city center of 

Duisburg on the Königstrasse, 

the city’s retail high street; 

• Part of Duisburg’s pedestrian 

retail high street zone; 

• Retail area used to be to 

fragmented, after opening of 

Forum Duisburg a clear retail 

heart is created. 

Accessibility 

• Forum Duisburg has 

pedestrian access from the 

city center and central train 

station via pedestrian 

shopping street Königstrasse; 

• Located near motorway A59 

(north-south traffic), close to 

exit 11; 

• Direct car access from the 

highway exit via Saarstrasse 

and Friedrich Wilhelmstrasse; 

• Car access is supported by 

signage; 

• A59 motorway connects with 

the A40 motorway (west–east 

traffic); 

• From U-Bahn stop König- 

Heinrich-Platz trams leaving in 

the direction of several city 

districts within Duisburg and 

neighboring Krefeld. 

Visibility 

• Very good visibility thanks to 

130 m frontage to the 

Königstrasse; 

• Forum Duisburg’s parking 

garage and free spaces 

indicated on Duisburg’s central 

parking routing system.





High street 

Site context 


• City center shopping 

destination; 

• Opened in September 2008; 

• Total of 58.600 m2 GLA retail 

and gastronomy; 

• Anchors: Karstadt, Saturn, 

C&A, H&M, Mayersche 

Buchhandlun; 

• Kindergarten, professionally 

managed and long term rented 

to church; 

• Parking spaces: 1.153 (under 

management, further 1.200 

adjacent); 

• BREEAM certificate “Very 

Good“ for sustainability. 

Site access 

• Public transport access is 

very good because Forum 

Duisburg is directly linked to 

the U-Bahn stop König- 

Heinrich-Platz; 

• Entry to and exit from parking 

garage situated on 

Lenzmanstrasse via Friederich 

Willem Strasse. 

Vicinity 

• North of Forum Duisburg is 

City Palais (2007) situated, 

which houses besides retail 

also a casino, a congress 

center and a music hall; 

• Also in the vicinity of regional 

court house, city hall and city 

theatre; 

• Central train station (Bahnhof) 

is situated in eastern direction 

at a distance of only 400 meter; 

• Continuation of fun shopping 

area in western direction; 

• Housing area in southern and 

northern directions.




Primary 

Secondary 


Key facts 

• Total catchment area of almost 

1.000.000 inhabitants. 

Primary catchment area 

• Primary catchment of Forum 

Duisburg is the total population 

of Duisburg: almost 500.000 

people; 

• Because of the well organized 

road network as well as the 

extended subway and S-bahn 

network, Forum Duisburg can 

be reached from every place in 

the city within 15 minutes 

traveling time; 

• Duisburg is divided into seven 

city districts, whereby 

Duisburg Mitte (center) houses 

most inhabitants; 

• Forum Duisburg is situated in 

the Mitte district in Duisburg. 

Secondary catchment area 

• The secondary area consists 

of the area which can be 

reached within 15-25 minutes 

traveling time by car or public 

transport; 

• Secondary catchment 

comprises: Moers (107.000), 

Oberhausen (218.000) and 

Mulheim an der Ruhr 

(169.000); 

• Total number of inhabitants of 

the 3 cities above is circa 

500.000.

C 


A 

B 

C 

1 

2 

3 


Nr GLA (m2 Scheme 

Type of retail 

) 

Düsseldorf city centre 

Essen city centre 

Krefeld city centre 

CentrO 

RhineRuhr Zentrum 

Forum Mulheim 

A 

Attractive centre with extended tenant mix 

1 

3 

High street retail + big inner city project 

Highstreet retail 

Out of town gallery combined with leisure 

Out of town gallery 

City centre gallery 

2 


- 

B 

> 100.000 

- 

90.000 

92.000 

19.400 


Ruhr area - northwest 

• Duisburg has, beside Forum 

Duisburg, no modern retail 

premises; 

• Retail competition for Forum 

Duisburg is all situated in 

neighboring cities, mostly 

situated east of Duisburg; 

• Competing city centres are 

Krefeld, Essen and Düsseldorf, 

from which Düsseldorf has the 

most attractive city centre and 

best retail supply; 

• Regional shopping center 

competition comes from 

shopping centers CentrO and 

RhineRuhr Zentrum; 

• At the moment no competitive 

pipeline projects are planned 

within the catchment area; 

• The expectation is that the 

large out of town shopping 

centers Oberhausen and 

Mulheim will be visited for 

other purposes (functional 

shopping) than Forum 

Duisburg (fun shopping).


Ground floor 

-1 floor 

First floor 


Program and concept 

Fundamentals 

• Landmark for the city of 

Duisburg, only meeting place 

within the city center; 

• Central location in city 

provides natural flow of visitors; 

• Very good access for cars, 

public transport and 

pedestrians; 

• Key revitalization project and 

presented as such by the 

municipality. 

Program 

• Significant and diverse retail 

and leisure space positions 

Forum Duisburg as prime 

retail destination in the city; 

• 58.600 m2 GLA; 

• 90 units retail, gastronomy and 

other services; 

• 1.153 underground parking 

spaces. 

Concept 

• Fully integrated inner city 

shopping center, adjacent to 

the main street; 

• Four shopping levels (1 with 

internal access), with 

strategically positioned 

anchors; 

• Two entrances on street level, 

with the main entrance located 

on the main retail high street; 

• Two entrances from –1 with 

direct connections to the 

underground parking garage; 

• Parking garage will be a prime 

source for city center visitors; 

• Garden and terraces on top of 

Forum Duisburg are a prime 

destination; 

• Sustainability in all respects: 

leading element in design. 

Tenants 

• Karstadt, Saturn, Mayerische 

Buchhandlung, H&M, C&A, 

Esprit, Reno, New Yorker, DM, 

Pohland. The Sting.

� Turn-key project 

� GLA: 80,000 m² 

� Pre-agreed yield: 6.0% 

Schloßstraße Berlin 

� Prime location in Steglitz, South of Berlin on the City’s second 

most important shopping street 

� Anchor: Department store Karstadt 

� Status: Under construction 

� Expected opening: Q2 2012 


11 

11

November 2009 

BOULEVARD BERLIN 

Innercity shopping center 

Fact sheet 


BOULEVARD BERLIN, BERLIN- GERMANY 



Boulevard Berlin 

• Total gla of 82.300 m² of which 

76.343 m² retail. 

• Project under construction in 

Schloßstraße, second most important 

shopping street in Berlin 

• Anchor tenants: Karstadt department 

store, Karstadt Sport and Saturn 

• Rooftop parking spaces: 1.041 

• April 2009 opening phase 1 

• Spring 2012 opening phase 2 

City centre revitalization 

• Due to it’s central position and size 

Boulevard Berlin takes on special 

importance with respect upgrading of 

the Schloßstraße 

• Very good accessible by car (1.030 

parking spaces) and public transport 

(internal subway station access) 

• The project contains the long-awaited 

redesign of the Wertheim and 

Karstadt stores 

• In order to ensure that the Karstadt 

store can continue to operate 

throughout it’s reconstruction, the 

Boulevard Berlin centre will be 

constructed in two phases 

• Opening of Karstadt department store 

expected during spring 2009 

Multi’s competence in Boulevard Berlin 

• Concept and design: creating retail 

and public space and embedness in 

existing urban structure 

• Multi Germany has a prominent 

position in the German market 

through strong strategic partnerships. 



concept and location by attracting a 

mix international, national and local 

strong brands. 


management building process 

• Optional experienced mall 

management and asset management 

after opening guarantees Multi’s long 

term commitment to Boulevard Berlin

BOULEVARD BERLIN, BERLIN-GERMANY 

Berlin 


City profile 


• Berlin became the capital of Germany 

after the reunification of Germany in 

1990 

• Berlin is situated in the east of 

Germany about 70 km from the Polish 

border 

• Berlin is a major tourist destination 

• Berlin’s unique recent history has left 

the city with a highly eclectic array of 

architecture and buildings 

• Boulevard Berlin is situated in the 

Steglitz Zehlendorf district which is 

located south west of the city 

Population 

• Berlin city: 3,4 million inhabitants 

• Berlin agglomeration: 4,5 million 

inhabitants 

Economy 

• Urban development patterns are very 

different between the west and the east 

as Berlin was divided for more than 40 

years in a free market western sector 

and a centrally planned eastern sector. 

• Berlin underwent an economic and 

physical transformation after the 

reunification of Germany 

• Berlin is Germany’s political centre as 

well an important cultural and scientific 

centre 

• Fast growing sectors: communications, 

life sciences, mobility, media & music, 

advertising and design 

• Purchasing power index per inhabitant 

of Berlin is 95 compared to German 

average of 100 

• Purchasing power index of Steglitz 

district is substantially above average 

with an index of 107,8

U 

S 

BOULEVARD BERLIN, BERLIN - GERMANY 


U-Bahn 

S-Bahn 

Car access 


U 

U 

S 

U 

S 

A 103 


Location 

Situation 

• Located in the Steglitz-Zehlendorf district 

south west in the city of Berlin 

• Part of the highstreet zone within the 

district, ranked as most frequented 

prime/secondary shopping area after 

Berlins prime pitches Kurfüstendamm, 

Alexanderplatz and Friedrichstraße 

• Retail area used to be dated but after 

refurbishment of Schloßgalerie (36.000 

m²), Forum Stiglitz (22.000 m²) and the 

newly built Schloss- Strassen-center 

(13.700 m²) plus the upcoming opening 

of Boulevard Berlin a significant upgrade 

of the Schloßstraße will be achieved 

Access 

• Very good car access to rooftop parking 

via Schildhornstraße which has direct 

connection to motorway A103 and A104 

• Internal connection with U-Bahn station 

Schloßstraße which is a stop on line U9 

starting on Osloer Straße and ending at 

Rathaus Steglitz 

• Within 200 metres also two other subway 

stations and two S-Bahn railway stations 

Visibility 

• Very good accessibility thanks to 

frontage to Schloßstraße

BOULEVARD BERLIN, BERLIN- GERMANY 

Schloßgalerie 

Forum Stiglitz 


shopping centers 

High street 


Context 


• City center shopping destination with 

sales levels from the basement up to 

the second floor 

• Anchor tenants: Karstadt department 

store (30.200 m²), Karstadt Sport 

(4.000 m²) and Saturn 

• Opening entire complex scheduled for 

spring 2012 

• Also important within projects concept 

is the connection with and revitalization 

of the park to the rear of the site 

• In addition to the main entrance on the 

Schloßstraße, there will also be another 

main entrance towards the adjacent 

park 

Site access 

• Very good car access to rooftop parking 

via Schildhornstraße 

• Very good public transport due to 

internal subway access via U-Bahn 

stop Schloßstraße 

• Schloßstraße is a 2x2 lane street 

Vicinity 

• South of Boulevard Berlin is the so 

called Bierpinsel (Beer brush) 46 

metres high tower situated which 

houses a restaurant 

• As well in northern direction (till 

Walther-Schreiber-Platz) as in southern 

direction (till Hermann-Ehlert-Platz) a 

continuation of the main shopping area 

situated on the Schloßstraße 

• Housing areas (mainly 19 th century style 

apartments) all around Boulevard Berlin 

project




• The catchment area, primary and secondary, of 525.000 


• Total primary catchment area of Boulevard Berlin: 460.000 

• Within the primary catchment of Boulevard Berlin are the inhabitants of the strong income areas of Grunewald, 

Zehlendorf and Stiglitz 

• About 100.000 inhabitants can reach Boulevard Berlin within a 5 minutes drive and an additional 360.000 

potential consumers in 10 to 15 minutes 

• The catchment area contains the southwestern area of Berlin 


• Total secondary catchment area of Boulevard Berlin 65.000 

• Secondary catchment area concentrated towards the south because of very dense retail competition in northern 

(city center) direction 

• Secondary catchment includes areas as Kleinmachnow, Teltow and Stahnsdorf 

• Potential consumers in secondary catchment have a travel time of 15-25 minutes to Boulevard Berlin 





) 

1 

2 

3 

4 

5 

Kurfürstendamm 

Friedrichstraße 

Alexanderplatz 

Zehlendorf Mitte 

Tempelhofer Damm 

4 

1 


City center prime 

retail area 

City centre prime 

retail area 

City centre prime 

retail area 

City district center 

City district center 

5 

2 

3 

> 100.000 

> 100.000 

> 100.000 



• Because of the urban development 

patterns of Berlin during the Cold War 

period, Berlins inner city retail scene is 

traditionally divided into two areas: City 

West and City Ost 

• City West: Kurfürstendamm / 

Tauentzienstrasse 

• The absolute prime pitch is situated in 

between the famous department store 

KaDeWe and the beginning of the 

Kurfürstendamm 

• City Ost: Alexanderplatz / Alexia: 

• Alexanderplatz: downtown and parade 

square of East Berlin during the DDRera, 

still seen as city center by East- 

Berlin residents. 

• Redevelopment and refurbishment in 

area on way 

• Friedrichstraße – Potsdamer Platz: 

• Pre World-War II prime retail area. 

Derelict during Cold War period 

because of divided city and 

construction of the wall 

• Friedrichstrasse and Potsdamer Platz 

revived after 1990: relatively upmarket 

shopping area, targeting visitors and 

tourists 

• In catchment area of Boulevard Berlin 

are next to competition within 

Schloßstraße a couple of district 

shopping centers situated 

• Zehlendorf mitte: local highstreet 

focused on convenience retail. 

• Tempelhofer Damm: local retail area 

focused on convenience


Minus 1 Ground Floor 

First Floor Second Floor 



Fundamentals 

• Further revitalization of Schloßstraße as 

one of key retail highstreets in Berlin 

• Renovation of urban park behind 

project will bring surrounding residential 

areas closer to the Schloßstrasse. 

• Retail area catering for upper middle 

and upper class Steglitz residential 

district. 

• Boulevard Berlin will be among the 

largest innercity retail projects in 

Germany. 

Program 

• Total 82.300 m² gla inner city retail 

scheme 

• Karstadt (excl. Karstadt Sports) 

30.200 m² 

• Anchors: 29.200 m² 

• MSU's + shops: 16.800 m² 

• Leisure: 2.100 m² 

• Other: 3.860 m² 

• 1.041 lot parking roof top garage 

Concept 

• Urban concept, with direct connection 

to highstreet and metro station. 

• 4 retail trade floors 

• Mall situated in between department 

store anchors. 

• Boulevard Berlin is the result of careful 

city planning and high quality 

architecture 

• Pedestrian highstreet location in 

combination with direct city motorway 

access. 

Tenants 

• Leasing of Center Galerie to be initiated 


Corporation 

• Key tenants: Karstadt, Karstadt Sport

� Turn-key project 

� GLA: 12,500 m² 


Bamberg 

� Bamberg is a UNESCO protected historic town in Bavaria with 

a regional catchment area of 300,000 inhabitants. Project 

located in the historic town centre 

� Status: Preparation 



12

QUARTIER AN DER STADTMAUER 

March 2010 

BAMBERG - GERMANY 

Town center retail project 

Fact sheet 


QUARTIER AN DER STADTMAUER – BAMBERG – 

GERMANY 



Town center retail project 

• Bamberg is a historic Unesco listed 

town in Bavaria – Southern Germany, 

about 60 km north of Nürnberg. 

• Bamberg has 69.000 inhabitants and 

serves a total regional catchment of 

300.0000 inhabitants. 

• Because of the historic structure of 

Bamberg, city center retail space is in 

short supply, while demand is high. 

• In cooperation with Sparkasse 

Bamberg (savings bank), Quartier an 

der Stadtmauer will be Multi 

Development’s first project in Bavaria. 

It will also be the first project located 

within an Unesco world cultural 

heritage protected zone 

• The area to be developed is situated 

in the historic town center of Bamberg 

between shopping street Franz- 

Ludwig-Strasse, the central bus 

station and the Lange Strasse 

commercial street. 


• The concept is based on 11.000 m² of 

new retail and gastronomy areas 

divided over approximately 40 units 

• The concept has three sales levels: 

ground floor, basement floor, and first 

floor. City apartments will be built on 

the upper floors 

• By filling in missing retail segments 

and brands, ‘Quartier an der 

Stadtmauer’ will strengthen the 

Bamberg inner city retail area 

significantly. 







through strong strategic partnerships; 




mix of strong international, national 

and local brands; 






commitment to ‘Quartier an der 

Stadtmauer’


GERMANY 

Bamberg 


City profile 


• Bamberg is a a medium sized town 

Oberfranken region, northern Bavaria, 

Germany. 

• The city is situated about 60 km north 

of Nürnberg and 55 km east of 

Schweinfurt. 

• Bamberg is situated on the Regnitz 

river. About 7 km northwest of the 

center, the Regnitz merges with the 

Main river. 

• Bamberg is one of the few cities in 

Germany that was not extensively 

damaged during World War II 

• The historic city core area is listed as 

UNESCO world heritage since 1993. 

• The municipality is divided into 10 city 

divisions. 

Population 

• The city has currently a total population 

of 69.000 inhabitants. 

• Over he last decades, the number of 

inhabitants living in Bamberg has been 

more or less stable. 

• Most of the statistical fluctuations are 

related to changes in the definition of 

an inhabitant in the statistics. 

Economy 

• Bamberg is a significant cultural, 

educational and economic center, as 

well as the seat of Bamberg Arch 

Bishop. 

• The economy in Bamberg is based on 

industries, tourism, and services. 

• Most significant industries in the city are 

supply manufacturers for the car 

industry, electronics, and food 

processing. 

• Bamberg is famous for Rauchbeer 

(smoked beer), the city is currently 

home to ten traditional breweries. 

• The university of Bamberg, named Otto 

– Friedrich University, houses about 

9.500 students. 

• Most important employers are Robert 

Bosch GmbH, Sozialstiftung Bamberg, 

GHP Unternehmengruppe and Wieland 

Electric GmbH 

• Purchasing power index Bamberg: 

102,6.


GERMANY 


Location 

Situation 

• Site located in the city centre of Bamberg 

in between Franz-Ludwig-Strasse, the 

central bus station and the Lange 

Strasse. 

• One direct connection to the pedestrian 

highstreet area of Bamberg via Franz- 

Ludwig-Strasse which is connected to 

highstreet Grüner Markt. 

• Quartier an der Stadtmauer will be a 

major stimulus for the highstreet retail 

area by adding new brands and 

gastronomy to the city centre. 

• By creating retail space in the city center, 

the competition position of the city centre 

vis-à-vis non city center retail supply will 

be improved. 

Access 

• Because of central location in town next 

to innercity ring, good car access from 

Bamberg suburbs to the project. 

• Good regional access to Bamberg via 

A70 (east-west) and A73 (north-south). 

Straight and non congested road 

connections from motorway exits to 

central town and project area. 

• Limited parking facilities within the city 

centre because of historic structure. 

• Best parking opportunities are Parkhaus 

Zentrum Süd (473 spaces), Tiefgarage 

Zentrum Nord (461 spaces), City Altstadt 

Tiefgarage (340 spaces), Tiefgarage 

Karstadt (205 spaces). 

• New parking garage foreseen outside 

historic Unesco core 2 blocks away. 

• City bus station (local and city buses) 

right next to project area, very good 

public transport access. 

• Site connected to prime retail area via 

Franz-Ludwig Strasse and via Lange 

Strasse.. 

Visibility 

• Good visibility of Quartier an der 

Stadtmauer from Lange Strasse (one 

way street center inbound). 

• Excellent visibility from the central bus 

station. Frontage and access directly next 

to the bus station. 

• From Grüner Markt prime pitch signing to 

Quatier an der Mauer should be 

supported


GERMANY 

Karstadt 

P 

H&M 

High street 

C&A 

Bus station 

site 

P 


Context 


• The project area consists of several 

plots and a small parking in the middle, 

which are all owned by Sparkasse 

Bamberg. 

• Total size of the plots is approximately 

4.900 m². 

• Sparkasse decided in favor of Multi 

because of its innercity project track 

record. 

• Part of the old city wall used to be 

situated on the site, which is referred to 

in the name of the project: Quartier an 

der Stadtmauer 

Site access 

• Pedestrian site access is provided via 

Lange Strasse from southern direction, 

via Franz-Ludwig-Strasse from northern 

direction, and via Kesslerstrasse from 

western direction. 

• Direct pedestrian access to the site 

from the bus station at the northeast tip 

of the site, where its frontage faces the 

bus station. 

• Car access is easy via Lang Strasse, 

which is part of the city roadring, oneway 

circulation centre inbound. 

• The nearest parking garage is 

Parkhaus Zentrum Süd with 473 

parking spaces 

• Tiefgarage Centrum Nord is situated 

north west of the site near Karstadt and 

is often a starting point to visit the city 

centre. 

Vicinity 

• South of the site is Lange Strasse: one 

way traffic and commercial street with 

small shops, catering, and services. 

Innercity housing on other side street. 

• East of the site is a hotel situated, in 

direction of Friedrichstrasse commercial 

area ends, mainly urban residential. 

• North of the site is the central bus 

station situated, surrounded by mixture 

of housing, retail (back entrances), and 

offices. 

• West of the site is C&A situated on the 

Franz-Ludwig-Strasse. C&A: nearest 

main anchor to Quartier an der 

Stadtmauer. 

• West and northwest of the site is the 

shopping area of Bamberg situated with 

the Grüner Markt as main street


GERMANY 


0-10 

10 - 20 

20 - 30 

• Total catchment area: 197.000 based on 0-20 minutes drive time. 

• Bamberg as regional center serves a large region, as nearby bigger towns are located at some distance. 


• 69.000: 0-10 minutes drive time area. 

• The primary catchment area contains the inhabitants of Bamberg. 

• Purchasing power index of 102,6. 

• People from the primary catchment area are supposed to visit Quartier an der Stadtmauer on a frequent basis. 



• Contains of several towns, including Memmelsdorf, Litzendorf, Strllendorf, and Scesslitz. 

• People from the secondary catchment area are supposed to visit Bamberg on regular basis, primarily for fun 

shopping. 

• Attractive urban landscape and small scale well organised urban environment are important factors to attract 

visitors to Bamberg. 

Residual catchment area 


• Contains several towns, whereby Erlangen is not included because of the local retail competition in that area 

and the proximity of Nürnberg. 



GERMANY 

2 

A 

GLA (m2 Nr Area/project Type 

Opening 

) Owner/ developer 

Green 

A 

1 

2 

Quartier an der 

Stadtmauer 

Innercity 

Bamberg 

Atrium 

Retail Park 

Laubanger 

City centre shopping 

centre 

Shops, anchors 

Shopping centre 

Retail Park 

N/a 

N/a 

1 

2012 

1990 

12.000 

70.555 

21.000 

46.375 

N/a 

N/a 


Multi Development 

Germany 

Fundus Fonds- 

Verwaltungen GmbH 

Köln 


City center retail 

• Bamberg has a compact city centre, 

mainly shaped by the historic structure 

of the town. 

• Due to the limitations posed by the 

historic structure, there is a lack of 

modern retail supply in the innercity, 

especially larger units. 

• Many retailers, who would prefer an 

innercity location, have to accept 

suburban store locations. 

• The prime retail area is located on 

Grüner Markt, Hauptwachstrasse and 

several (small) connected streets. 

• Main anchors in city centre are H&M, 

Karstadt, S. Oliver, Benetton, Pimkie, 

New Yorker, Esprit, Douglas etc. 

Non city center retail 

• Atrium is Bamberg’s dated 21.000 m² 

shopping center located next to the 

central train station. Some vacancy. 

• Anchors in Atrium are E-Center, Wöhrl, 

Rossmann and Vögele 

• Out of town supply is concentrated on a 

retail park in the northwest of Bamberg 

close to the A70 motorway entrance. 

• Key retailers: REWE, Aldi, Lidl, 

Marktkauf, OBI, Hornbach, C&A, 

Intersport, Mediamarkt. 

• Spread throughout Bamberg there are 

several small convenience based retail 

locations with a supermarket and a 

couple of additional units mainly 

catering for the local neighbourhoods. 

Supply in the region 

• Supply in neighbouring towns like 

Schweinfurt, Erlangen, Nürnberg is 

significant both in city centres as well 

as out of town 

• Most important projects in the 

surrounding area are Franken Nürnberg 

(40.000 m²), City Point Nürnberg 

(12.000 m²) and Erlangen Arcaden 

(19.500 m²). 

• These towns are located outside the 

extended regional catchment area of 

Bamberg and have therefore limited 

impact on the core catchment area.


GERMANY 


Basement 

Ground floor 

+ 1 level 

+ 2 level 


Fundamentals 

• Centrally located historical city centre 

project in the Unesco listed town of 

Bamberg. 

• Creation of a district which optimally 

enhances the city’s existing high quality 

shopping and leisure time appeal. 

• Because parking spaces are hard to 

create the fact that the site is situated 

next to the central bus station is an 

extra important factor. 

Program 

• The concept is based on 11.000 m² of 

new retail and gastronomy areas dived 

over approximately 40 units. 

• Quartier an der Stadtmauer will be 

served by nearby parking facilities. 

• Three – four anchor units will position 

Quartier an der Stadtmauer as a true 

destination with the Bamberg city 

center retail fabric. 

Concept 

• Multi will create an old town quarter 

which optimally enhances the city’s 

existing high quality shopping and 

leisure time appeal. 

• The project in Bamberg will be 

characterized by completely opendesigned, 

small-sectioned and streetforming 

concept. 

• The concept contains three sales levels 

whereby attractive city apartments will 

be built on the upper floors. 

• Units on the upper levels will be 

internally connected. 

• Realisation of Quartier an der 

Stadtmaeur will enhance the pedestrian 

connection between the bus station and 

Lange Strasse, as well as providing a 

new axis from the project via the C&A 

to Gruner Markt. 

Tenants 

• Leasing still to be initiated. 

• Key anchors in segments of fashion 

and durables 

• By filling in missing retail segments and 

brands, ‘Quartier an der Stadtmauer’ 

will strengthen the Bamberg inner city 

retail area significantly 

• In correspondence with the Bamberg 

above average spending power per 

capita, the market positioning of 

‘Quartier an der Stadtmauer’ will be 

middle to upper-middle.

� Profit sharing project 

� GLA: 17,900 m² 

Königsgalerie Duisburg 

� A1 inner city location, connected to Forum Duisburg 

� 320 parking spaces 




13

July 2009 

KÖNIGSGALERIE 

DUISBURG – GERMANY 

Innercity shopping center 

Fact sheet 


KÖNIGSGALERIE – DUISBURG – GERMANY 



Königsgalerie 

• City center mixed use retail, leisure 

and office project 

• 16.900 m² gla mixed use program, 

including retail, leisure, and quality 

office space 

• 318 parking spaces 

• Königsgalerie will serve as a new 

connection between Innenhafen, 

Sonnenwall, Münzstraße and 

Königstraße 

• Start of construction planned for Q1 

2010 and (re)opening for Q1 2011 

City center revitalization 

• Well located in the city center of 

Duisburg, facing one of the city’s retail 

highstreet Kuhstraße which has a 

direct pedestrian connection with the 

Königstraße and Münzstraße 

• Next project with a positive influence 

on the attractiveness of Duisburg city 

after the opening of City Palais, 

Forum Duisburg and 

the(re)development plans of the 

library 

• An extensive redesign of the Galeria 

Duisburg, to be renamed 


• Very good visibility thanks to frontage 

to pedestrian Kuhstraße and city 

centre ring road Steinsche Gasse 

• Very good car, public transport and 

pedestrian access (subway stop in 

vicinity of project and direct link with 

ring road and pedestrian highstreet 




existing urban structure 



through strong strategic partnerships. 




mix international, national and local 

strong brands. 


management building process 

• Optional experienced mall 

management and asset management 

after opening guarantees Multi’s long 

term commitment to Königsgalerie.


Duisburg 


City profile 


• Duisburg is an industrial city situated in 

western Germany connected to one of 

the major railway routes in Germany 

(ICE station). 

• Surrounded by different motorways, 

nearest motorway junction (500 m) 

currently being revitalised. 

• The city is situated within dense 

populated Ruhr Area with a large urban 

network. 

Population 

• 496.500 inhabitants Duisburg. 

• Regional catchment total: 1 million 

• Ruhrgebiet: 4,8 million inhabitants. 

Economy 

• Industry based economy but today with 

much more diversity; 

• Main economic sectors; iron and steel 

production, logistics, call centers, 

microelectronics, telecommunications 

• Income levels are about 1% below 

national average 

• unemployment rate slightly above the 

average of the Ruhr-Area but with a 

decreasing trend 

• positive development of the city being 

strongly influenced by: 

• nationally and internationally well 

known technical university 

• redevelopment of former harbour 

area with residential and office 

space designed by Sir Norman 

Foster 

• Modernization of the pedestrian 

area strengthening of the city 

district by new projects such as the 

City library


Car access 

Pedestrian 

U 

U 

U 


A59 

Location 

Situation 

• Located in the city center of Duisburg on 

one of the city’s highstreet connections 

Kuhstrasse; 

• An extensive redesign of the Galeria 

Duisburg 

• Part of Duisburg’s pedestrian retail high 

street zone; 

• With the development of the area 

between Sonnenwall and the Steinsche 

Gasse street front, which includes the 

Galeria itself, Multi is aiming to create an 

attractive transitional space between 

Königsstrasse and Sonnenwall 

• Königsgalerie will serve as the future 

connection / missing link between the 

(commercial) areas of Innenhafen, 

Sonnenwal, Münzstraße and Königstraße 

Access 

• Königsgalerie has good pedestrian 

access via pedestrian streets Münzstraße, 

Königstraße, Sonnenwal, Kuhstraße 

• Königsgalerie located near exits of main 

access roads to Duisburg A59 (north – 

south) and A40 (west –east) 

• U-Bahn stop Steinsche Gasse is 

situated at 300 metres distance of the 

project 

• From U-Bahn stop Steinsche Gasse 

trams leaving in direction of several 

districts within Duisburg and Krefeld 

Visibility 

• Very good visibility thanks to frontage 

and main entrance to pedestrian 

Kuhstraße which is linked to highstreet 

Königstraße and Münzstraße 

• Also frontage to Steinsche Gasse which 

is part of the city centre ring road


Münzstraße 

Steinsche Gasse 

KONIGSGALERIE 


Konigstraße 

Bahnhof 

Kuhstraße 


Context 


• Standing mixed use city centre project 

existing of 14.000 m² gla retail and 

3.500 m² gla offices over 2 floors 

• Parking spaces: 318 

• Start of construction planned for Q1 

2010 and (re)opening for Q1 2011 

Site access 

• Public transport access very good 

because Königsgalerie is situated 

opposite U-Bahn stop Rathaus 

• Car entry to and exit from the project 

via Steinsche Gasse 

Vicinity 

• West of Königsgalarie is Stadtfenster 

situated where a new library and public 

school will be realized 

• Further to the west (other side of 

Steinsche Gasse) is a continuation of 

the prime shopping area on 

Münzstraße 

• To the north city hall (Rathaus) and a 

couple of kiosks in front of 


• In eastern direction Königsgalerie is 

connected to Sonnenwall which serves 

as a secondary shopping street 

• Further continuation of the shopping 

area eastwards on Konigstrasse with 

shopping centres Forum Duisburg and 

City Palais which both have synergy in 

terms of program and concept with the 

future Königsgalerie 

• South of the project is Friederich- 

Willem-Platz situated which is 

connected to city centre access road 

Friedrich-Wilhelm-Straße 

• U-Bahn stop Steinsche Gasse at about 

300 metres south of Königsgalerie



0–15 

minutes 

15-25 minutes 



• Total catchment area, primary and 

secondary, of almost 1.000.000 

inhabitants. 


• Primary catchment of Königsgalerie is 

the total population of Duisburg; almost 

500.000 people 

• Because of the well organised road 

network as well as the extended 

subway and S-banhn network 

Königsgalerie could be reached from 

every place in Duisburg within 15 

minutes 

• Duisburg is divided into seven districts, 

whereby Duisburg Mitte (centre) houses 

most inhabitants 

• Königsgalerie is situated in the Mitte 

district in Duisburg 


• The secondary area consists of the 

area which can be reached within 15- 

25 minutes travel time by car or public 

transport 

• Secondary catchment consists of: 

• Moers; 107.000 inhabitants 

• Oberhausen; 218.000 inhabitants 

• Mulheim an der Ruhr; 169.000 

inhabitants 

• Total number of inhabitants of these 3 

cities ca 500.000

4 

1 

2 

3 

4 

5 

6 




) 

CentrO 



Forum Mulheim 

Krefeld city centre 

Düsseldorf city 

centre 

Essen city centre 

5 


City centre gallery 

Highstreet retail 

1 

3 


combined with leisure 

Attractive centre with 

extended tenant mix 

Highstreet retail + big 

innercity project 

90.000 

92.000 

19.400 

6 

2 

> 100.000 



• Retail competition for Königsgalerie is 

all situated in neighbouring cities, most 

are situated east of Duisburg 

• The retail supply of Duisburg city, which 

is recently upgraded by the openings of 

Forum Duisburg and City Palais 

together with the complementary 

concept and program of the future 

Königsgalerie, will have a strong 

competitive position in the region 

• Out of town competition comes from 

large shopping centres CentrO and 


• Competing city centres are Krefeld, 

Essen and Düsseldorf, of which 

Düsseldorf has the most attractive retail 

supply and city centre 

• At the moment no strong pipeline 

projects are planned in the catchment 

area 

• We expect that the large out of town 

shopping centres Oberhausen and 

Mulheim will be visited for other 

purposes (functional shopping) than the 

city centre of Duisburg (fun shopping)


Ground Floor 

Second Floor 

Third Floor 


First Floor 


Fundamentals 

• Well located city center redevelopment 

linked to Duisburg’s Königstraße prime 

retail pitch. 

• Next to city center ring and metro 

station 

• Expected to (re)open during Q1 2011 

Program 

• 16.939 m² total gla mixed use 

• 2.787 m² anchors 

• 922 m² mid size units 

• 4.597 m² shops 

• 2.291 m² leisure and gastronomy 

• 5.668 m² quality office 

• 674 m² others 

• 318 lot parking garage 

Concept 

• City center urban multi level scheme 

• Passage connection between 

Königstraße prime pitch and 

Sonnenwall boutique retail street 

• Multi Development has commissioned 

the internationally renowned Benoy 

architectural angency to redesign the 

Galeria Duisburg 

• The facade of the future Königsgalerie 

on the Kuhstrasse will feature a glass 

front, through which daylight will stream 

• The curved new look will give the 

property an extravagant flair 

• The interior will also be dominated by a 

flowing structure 

• 2 retail sales floors with public access 

• 3 rd anchor retail floor internally 

connected 

• Parking garage underneath 

Tenants 

• Leasing of Königsgalerie to be initiated 


Corporation.

� Profit sharing project 

� GLA: 27,200 m² 

Arneken Galerie Hildesheim 

� A1 inner city location connected to prime high street in 

Hildesheim, a city with more than 100,000 inhabitants, 

southeast of Hannover (Lower Saxony) 

� 50% owned by a third party 




14

November 2009 

ARNEKEN GALERIE 

HILDESHEIM - GERMANY 

City centre shopping centre 

Fact sheet 


ARNEKEN GALERIE – HILDESHEIM – GERMANY 



City centre shopping centre 

• Hildesheim is a mid-size regional 

center in the state of Lower Saxony in 

in central Germany. 

• Hildesheim is situated about 30 km 

south of the Lower Saxony’s capital 

Hanover. 

• In cooperation with Sparkasse 

Hildeseim (savings bank) Multi 

Development is planning a high 

quality shopping arcade, northwest of 

the historic market square 

• By creating a direct access with two 

pedestrian links with the main 

Almstraße shopping street, the project 

will be part of Hildesheims prime retail 

area. 

Arneken Galerie 

• The concept is based on 27.000 sqm 

scheme 

• 800 m² supermarket 


• 5.600 m² msu’s 

• 6.500 m² shops 

• 1.400 m² leisure / restaurants 


• Opening is expected for autumn 2011 







through strong strategic partnerships; 




mix of strong international, national 

and local brands; 






commitment to ‘Arneken-Galerie’


Hildesheim 


City profile 


• Hildesheim is located 30 km south of 

Lower Saxony’s state capital of 

Hanover in central Germany. 

• Hildesheim is situated within the 

metropolitan area Hanover – 

Braunschweig – Göttingen. 

• Hildesheim is famous for its churches 

and cultural monuments of which the 

Dom and the Michaeliskirche are listed 

as Unesco World Heritage Site since 

1985. 

• The city was heavily damaged during 

World War II. Many monuments were 

rebuilt after the war. 

• Most famous place of Hildesheim is the 

historic market place in the middle of 

the center. 

Population 

• Inhabitants city: 104.460 

• Catchment area (agglomeration): 

320.000 

• Increasing population figures since 

2006 (102.500 inhabitants) 

Economy 

• The city has a manufacturing base that 

produces radio communication 

equipment. 

• Hildesheim is an important garrison 

town, which contributes to the local 

economy. 

• Hildesheim has important national rail 

connections, including long distance 

highspeed ICE connections, and has a 

port. 

• The University of Hildesheim, 

established in 1978, has around 10.000 

students. 

• Besides many strong medium-sized 

companies, Hildesheim is also home to 

branches of several multinational 

companies as Blaupunkt, Bosch, 

Thyssen, Fairchild and Coca-Cola 

• The city Theater is famous and is one 

of the rare three-line theatres of 

Germany and offers operas, operettas, 

plays, dances, musicals, symphonies 

but also readings and various guest 

performances 

• Hildesheim purchasing power index 

stands at 101 in 2008 (German 

average = 100). 

• Unemployment 8,9% (january, 2009)



Location 

Situation 

• Located in the city centre near to the 

Kaufhof department store which is 

situated at Almstrasse shopping street. 

• Two connections linking Arneken Galerie 

with Almstrasse will offer a routing 

integrating the scheme with the existing 

retail structure. 

• The other side of the project has frontage 

to the corner Schützenallee / Kardinaal- 

Bertram-Strasse / Kaiserstrasse which 

are important traffic axes in Hildesheim. 

• Arneken Galerie will have a positive 

impact on the retail supply in the 

highstreet area by adding new brands 

and providing more choice. 

Access 

• Direct pedestrian access from the city 

centre. Two shopping passages will link 

the core of Arneken Galerie to 

Almsstrasse prime pitch. 

• The Arneken Galerie site is located at 

walking distance of the train station. 

• Located in the heart of the city on the 

innercity ring road system, Arneken 

Galerie will have good car access from 

the whole city. 

• The site is very good accessible from all 

directions via important city access roads 

(Schützenallee / Kardinaal-Bertram- 

Strasse / Kaiserstrasse). 

• SVHi city bus lines 2 and 3 stop in front 

of the project site, which connect most of 

Hildesheims suburbs to the site. 

• Regional roads B1, B6, B243, and B494 

provide regional access from Kreis 

Hildesheim surrounding region. 

• Hildesheims location on the A7 Hanover- 

Kassel motorway further facilitates 

regional access. Exit 62 Hildesheim leads 

directly from the A7 to the site via the 

Berlinerstrasse. 

Visibility 

• Entries to Arneken Galerie from 

Almsstrasse main shopping street will be 

prominent and provide visibility from the 

highstreet area. 

• Being situated on one the main junctions 

in the center, good visibility from innercity 

ring Schützenallee / Kardinaal-Bertram- 

Strasse / Kaiserstrasse.


site 

Train staion 

S 

Galeria Kaufhof 

Historic square 

Highstreet 


Context 


• The project area comprises a total of 11 

plots which are all controlled by Multi. 

• The largest plot is owned by our partner 

Sparkasse Hildesheim and is currently 

in use as bank/office 

• Other plots are currently in use as 

parking and housing 

• Some owners have a right of use which 

will be cancelled by the city of 

Hildesheim 

• The city has started the zoning process 

Site access 

• Pedestrian access is very good and 

easy coming from all directions 

• Car access to the site is provided 

Kardinal-Bertram-Strasse which is 

connected to the main car axis in the 

city 

• From southern direction via 

Bohlweg 

• From eastern direction via 

Schuhstrasse or Kaiserstrasse 

• From northerm direction via 

Bisschot-Janssen-Strasse 

• From western direction via 

Schützenallee or via 

Dammstrasse/Pfafenstieg 

• Entrance to and exit from parking 

garage will be situated on Kardinal- 

Bertram-Strasse. 

• Bus stops of city lines 2 (Nordstadt – Th. 

Strom Strasse), 3 (Hiildesheimer Wald 

– Itzum) and 106 (Hildesheimer Wald – 

Am Burghof) are near the site 

Vicinity 

• To the north: Schützenallee/ 

Kaiserstrasse (section innercity ring), 

which is an important (car) traffic axis. 

Opposite the street, mixed commercial 

and residential. 

• North of the site and the Kaiserstrasse 

is the train station area situated; this is 

an access route to the city with some 

shops 

• To the east behind Kaufhof is the 

historic market square, where most of 

the buildings were rebuilt in original 

shape after World War II. 

• Café’s, restaurants, as well as a Van 

der Valk Hotel are located around the 

square. 

• South of the site is the continuation of 

the prime pedestrian retail area – 

Hohen Weg – with brands like H&M, S. 

Oliver, Jack & Jones and Deichmann. 

• To the west, on the other side of the 

innercity ring: mainly residential area.


0-10 

10 - 20 


20 - 30 


• 180.000 inhabitants: 0-20 minutes catchment area 

• The core catchment area will be from the 0 – 10 minutes catchment area and contains inhabitants of Hildesheim 


• 104.000 inhabitants: 0-10 minutes drive 

• The primary catchment area contains the inhabitants of Hildesheim 

• Purchasing power index of 108 

• People from the primary catchment area are supposed to visit Arneken-Galerie on a frequent basis 


• 80.000 inhabitants: 10-20 minutes drive 

• Contains a total of 14 towns of which Harsum, Schellerten, Bad Salzdetfurth, Diekholzen, Nordstemmen and 

Giesen are the largest ones 

• People from the secondary catchment area are supposed to visit primarily Hildesheim for fun shopping more 

frequently than neighbouring cities Hanover and Göttingen 

Residual catchment area 

• 136.000 inhabitants; 20-30 minutes drive 

• Contains several towns, whereby Hanover is not included because of the retail competition in that area 

• People from the residual catchment area are supposed to visit the project on an occasional basis


GLA (m2) Nr Area/project Type 

Opening 

Owner/ 

developer 

Green 

A 

1 

2 

2 

4 

Arneken Galerie 

Highstreet 

North west retail 

park 

North east retail 

park 

North east retail 

area 

Bahnhof 

Arkaden 


centre 

Shops, anchors 

Retail park 

Retail park 

Retail cluster 

1 


centre 

A 

2011 

N/a 

N/a 

N/a 

N/a 

4 

Timing 

unknown 

3 

24.000 

64.000 

25.000 

40.000 

10.000 

13.500 

2 

N/a 

N/a 


Multi Development 

Germany 

N/a 

N/a 

LBBW Immobilien 

Development 


• Hildesheim has an extensive city center 

highstreet area, though brands like 

Saturn are lacking and some segments 

are under represented. 

• The prime retail area is located in 

between the central train station and 

the Schuhstrasse. 

• Main anchors in city centre are Galeria 

Kaufhof, C&A, Peek & Cloppenburg, 

H&M, Esprit, Görtz, Decius, and 

Kressmann. 

• Besides the planned Arneken Galerie is 

also the Bahnhofs Arkaden a pipeline 

transit retail project connected to the 

station. 

• Bahnhofs Arkaden is part of the 

regeneration of central train station of 

Hildesheim and comprises 13.500 gla 

retail over 2 floors and a parking 

garage with 300 parking spaces. 

• The planning is delayed and because 

of political struggling time planning is 

currently unknown. 

• Hildesheim has three out of town retail 

poles: two bigger ones and one small 

one. 

• North west of the city is a relatively 

small retail park with Real and Praktiker 

as anchors situated. 

• North east of the city is larger retail park 

with Media Markt, Schuh Center, 

Intersport, Shoe 4 you, Staples, 

Schnuller, Mc Donalds etc. as anchors. 

• In between road B6 and the railway is a 

smaller retail cluster, with several 

discount stores such as Kaufland.



- 1 level 

Ground floor 

+ 1 level 


Fundamentals 

• Centrally located city centre project with 

good access and two pedestrian links 

to the highstreet prime pitch. 

• Arneken Galerie is the response to 

demand for retail area in Hildesheim, 

confirmed by expert reports 

• The location of Arneken Galerie is an 

unique opportunity to fulfill the demand 

for prime retail space in the city center 

area of Hildesheim 

Program 

• The concept is based on 24.000 m² 

scheme: 

• 800 m² supermarket 


• 5.600 m² msu’s 

• 6.500 m² shops 

• 1.400 m² leisure/ restaurants 


Concept 

• The location in Hildesheim requires a 

sensitive and conceptually appealing 

solution 

• The concept for the Arneken-Galerie 

contains different architectural buildings 

whose characteristics are compatible 

with existing streets and urbanistic 

patterns. 

• The shops are spread over several 

buidings, which are arranged around a 

central square; the Arneken Platz. 

• The natural course of the old town’s 

paths is to be picked up and the 

pedestrian zone incorporated into the 

new town quarter via two direct access 

routes. 

• Overall, the aim is to harmoniously 

incorporate this new complex into the 

existing buildings landscape. 

Tenants 

• Tenants Saturn, P&C and C&A have 

shown interest in the Arneken Galerie

Disclaimer for future-oriented information 

This presentation contains future-oriented information concerning the financial position, plans and objectives, activities and market conditions in which 

the company operates. By their nature, future-oriented statements and forecasts contain risks and uncertainty, since they concern events and 

circumstances, which may or may not occur in the future. The actual results and developments may deviate from the expectations, due to factors such 

as: general economic circumstances, the results of the financial markets, changes in interest and currency levels, changes in legislation and regulations 

and in the policy of governments or regulatory authorities. Historic results offer no guarantee of future performance. 

For more information: 

Ingrid Prins 

Investor Relations Manager 

+31 6 51592484 

ingrid.prins@nl.corio-eu.com 


15

13 September Berlin / Dresden - Corio.eu

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