Unibail-Rodamco-Westfield expands its operations in Germany with the asset management of two major BreuningerLand shopping centres
Unibail-Rodamco-Westfield (URW) today announces the expansion of its asset management portfolio in Germany, as the Group has been appointed by Breuninger, a major German fashion and lifestyle company, to operate two BreuningerLand centres in the Stuttgart region, BreuningerLand Sindelfingen and BreuningerLand Ludwigsburg, starting from January 1, 2020.
The modernization planned for the two shopping centres will also be managed by URW. Breuninger will continue to invest in innovative customer services in its assets. After completion, customers will enjoy an expanded range of services, new retailers and exciting dining venues.
Breuninger CEO Holger Blecker welcomes the new centre management and said: “With URW we appointed a highly talented and competent partner for the operation of BreuningerLänder Sindelfingen and Ludwigsburg, following an intensive tendering and decision-making process. We are looking forward to the cooperation and the start of the modernization measures to begin in 2021.”
Andreas Hohlmann, Managing Director of Unibail-Rodamco-Westfield in Germany, declared: “With those two centres, we have been able to win two strong locations for our asset management portfolio. With their high-quality brand mix and attractive catchment area, both centres are exceptionally well positioned and rank among the most successful assets in Germany. This perfectly resonates with URW’s strategy to focus on flagship destinations. We are looking forward to a successful partnership with Breuninger”.