Construction work on the space formerly leased to Kaufland is progressing steadily. As part of a comprehensive project development, the space was redistributed, provided with a shopping street identical to the floors above and connected to the first floor by a new escalator.
Woolworth is the first anchor tenant for the new basement. VÖLKEL Real Estate and Berlinovo Immobilien Gesellschaft mbH welcome the new tenant to around 900 m² in the KEC.
Once the extensive construction work has been completed, Woolworth’s will offer items from the household, decoration, clothing and gift sectors and complement the strong product mix in the KEC.
The KEC is one of the best-known and most popular shopping centers in the region. Berlinovo and VÖLKEL are implementing a comprehensive package of measures to ensure the center’s long-term attractiveness.
Extensive construction and expansion work will be carried out over the next few months. “The rented space is already clearly visible due to the already erected perimeter, but it will still take some time until the opening,” explains Christopher Kreuzer, Center Manager at VÖLKEL. The opening of the new basement is planned for spring/summer 2025.
The new layout opens up new opportunities for the location to optimize the branch mix. “Woolworth is known for its wide range of products and attractive price-performance ratio,” says Ute Hofmann, Expansion Manager at Woolworth. “We are delighted about the successful conclusion of the lease agreement and look forward to being able to present our wide range of products in Marktredwitz in the near future.”
KEC in Marktredwitz
VÖLKEL Real Estate GmbH has been managing the Kösseine-Einkaufs-Center in Marktredwitz on behalf of Berlinovo Immobilien Gesellschaft mbH since 2013 and is responsible for center management and leasing The center is located directly in Marktredwitz city center and is characterized by its diverse use with retail, office and cinema.
About Woolworth
Woolworth GmbH is a successful retail company with over 750 stores in Europe. In 1879, Woolworth played a key role in shaping discount retailing. Today, the company is the fastest growing retail chain in Germany. Woolworth is characterized by a diverse range of everyday goods. The product range extends from decorative and household items to electrical, drugstore and gift articles and clothing for the whole family.
With its distinctive retail concept, the company sees potential for more than 1,500 stores in Germany and the opportunity to bring the necessary footfall to city centers in order to strengthen them in the long term.