Redevco’s German subsidiary is to transform the C&A building in Hannover from being a single-tenant to a multi-tenanted property.
The building which is in a pedestrian zone, Georgstrasse, has been used exclusively by C&A until now, but in future will accommodate drugstore operator dm, food retailer Rewe and Woolworth as additional tenants.
The building has retail space on the basement to 4th floors and will provide Rewe and Woolworth with 800 sq m and 850 sq m, respectively, in the basement. The dm unit will be situated on the ground floor. The remaining sales area will continue to be operated by C&A.
Redevco has already signed long-term contracts and construction will begin this year with completion scheduled for 2022.
“As we have already been driving new and follow-up lettings for several years to optimise the tenant mix through active portfolio management, we are delighted about the three new tenants,” said Redevco Germany portfolio director Rowan Verwoerd.