22. März 2018

Riem Arcaden are now Bavaria’s biggest urban quarter

Munich shopping center celebrates the opening of the large extension building, which increases the quarter’s leasing area to 122,500 square metres.

On 26 March 2018, the Riem Arcaden open their doors for the first time to the 18,500 square metres large extension building. The owner Union Investment invested around 65 million Euro. The concept of the extension was developed by the architectural office Allmann Sattler Wappner, who had already planned the center in its original version. mfi Shopping Center Management GmbH – a division of Unibail-­Rodamco Group was responsible for leasing issues in the new building and will operate it within the scope of the center management.

“The strategic further development of our portfolio properties is a high priority for us”, says Volker Noack, member of the management board of Union Investment Real Estate GmbH. “The extended area emphasizes the idea of Riem Arcaden as a quarter that combines retail, restaurants, hotels, offices and apartments in order to form a vibrant place. The new tenants in the extension building complement the existing offer and therefore further increase the attractiveness of the urban quarter.”

Union Investment has held the Riem Arcaden in the portfolio of its mutual real estate fund UniImmo: Deutschland since 2004. In the new area, visitors of the Riem Arcaden can find new tenants like Peek&Cloppenburg, Aldi Süd, Intersport and bio kultur. These extend the offer and increase the center’s attractiveness even more. A newly designed area with 18 new shops was already reopened in October 2017 and is amongst other things the passage to the now completed annex.

A Motel One hotel with 311 rooms is also integrated in the new building, which will bring tourists as well as business men to the Munich trade fair town. Beyond the center’s shopping offer, visitors will find an even more diversified gastronomic range. From an extensive breakfast to a quick business lunch to a relaxed dinner, the Riem Arcaden have something in store for every occasion. With the finely tuned utilisation mix, the developers underline the consistent idea of a quarter which characterises the Riem Arcaden.

“By extending the Riem Arcaden and modernising large parts of the center, which were already completed last year, we were able to raise the offer and quality of stay to a whole new level”, says Ivica Pavusek, center manager of the Riem Arcaden. “With the completely revised marking concept, we create exciting online and offline shopping experiences and are optimally positioned for a successful future in the long term. We enhance the quarter’s appeal beyond the borders of Munich and increase its attractiveness as venue for numerous events even more.”