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ECE reasserts faith in bricks-and-mortar with Cano opening

ECE has opened its €165 million Cano shopping centre in Singen, Southern Germany following a two and a half year development.

The scheme, almost fully let, has about 85 shops with a total 16,000 m2 sales area on three floors. Around 55 of the stores are let to concepts that are new to Singen and there are a mix of national and international brands and concepts derived from the local region. Anchor tenants include grocery stores Edeka and Norma, drugstore dm-Drogeriemarkt, a small Müller department store, and sports retailer Decathlon’s first store in the region.

The development is located on Singen’s main shopping street, opposite the central rail station. ECE said there is a catchment area of about 370,000 inhabitants within Germany and a further 200,000 in Switzerland.

ECE said it has invested roughly €165 million in the development which it will operate over the long term. The centre is owned by the ECE European Prime Shopping Center Fund II.

“We are very pleased to be opening Cano today, even if it is of course an opening in very special conditions and in a very challenging environment for retailers,” said ECE managing director for center management Joanna Fisher. “This is a strong signal of our shared faith in the future of bricks-and-mortar retail, especially at times like these.”