Olymp & Hades Textil signs a lease with Redevco

04 Sep '12

2 min read

Olymp & Hades Textil GmbH, part of the Cologne-based Görgens Gruppe, has signed a lease with Redevco Services Deutschland GmbH, Düsseldorf, for almost 1,200 m of retail space in ALEA 101. It will use the area on the ground floor and in the basement of the building Redevco is developing on Berlin’s Alexanderplatz for a KULT fashion store. The 10-year lease, negotiated through the retail advisers of BNP Paribas Real Estate, will commence when the building is completed, at the end of 2013.

Following the leases entered into earlier with TK Maxx, the off-price brand and designer label chain (4,700 m²), shoe retailer AktivSchuh (1,400 m²) and restaurant chain Vapiano (1,100 m²), 88% of the 10,500 m² of retail space in ALEA 101 have now been taken.

ALEA 101 occupies a prominent position very close to the Berlin television tower. The approximately 30-metre-high stand-alone building comprises a basement, ground floor and four upper floors totalling approx. 19,000 m² gross area, with retail and catering space arranged over the basement through to the second floor. Prime residential units and offices are planned for the top two floors.

The development has been awarded a Gold pre-certificate by the German Sustainable Building Council (DGNB).

Redevco is an independent real estate company, managing and developing one of the largest retail portfolios in Europe, currently valued at 7.1 billion euros. The core of the portfolio comprises around 650 properties, most of them in top locations in major cities. Redevco is owned by COFRA Holding AG, a Swiss-based holding company.

Redevco Services Deutschland GmbH

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