Düsseldorf/Germany, 12 December 2020 – Through active portfolio management, Redevco, one of the largest private-sector real estate investment managers in Europe, has been pushing new and follow-up lettings for several years to optimise the tenant mix in its urban properties. In this context, Redevco Germany welcomes an additional tenant in the C&A building in the Northern German city of Rostock as part of an inner-city redevelopment.
After five months of construction, JD Sports opened a new shop in the property at Kröpeliner Strasse 34/36 on Saturday, 12 December 2020. From the total area of almost 3,500 m² previously used exclusively by C&A, around 370 m² on the ground floor and basement have been separated off for the British sports fashion retailer with stores in Great Britain, Europe, the USA, Asia and Australia.
Lars Heese, Managing Director of Redevco Germany, said: “The JD Sports and C&A stores are in a prime location in the pedestrian zone of Rostock. Traditional retail locations such as this one are facing great challenges – not least due to the current COVID-19 pandemic. We are confident that with this strong additional tenant, we have succeeded in upgrading the C&A building we manage, thus contributing to the attractiveness of an important city centre location”.
Download the full press release in German: Redevco – C&A-Gebäude Rostock – Vermietung JD Sports – 20201212
Download the full press release in English: PR – Redevco Germany – C&A Building Rostock – New Tenant JD Sports – 20201212 – EN