(MUNICH, GERMANY) – The Munich office of Hines, the international real estate firm, announced today that the specialty retailer, Abercrombie & Fitch, has signed a lease for approximately 35,500 square feet of retail space on four floors at Hofstatt, a 455,800-square-foot office/retail complex located in Munich’s new city quarter.
Hines is currently redeveloping and leasing the project for LBBW, the state bank of Baden-Württemberg.
The new store, which will open in late 2012, will be the third flagship store in Germany in addition to A&F locations in Dusseldorf and Hamburg.
“We are pleased that we could attract Abercrombie & Fitch with the unique location and the Hofstatt concept in particular,” said Co-Managing Director for Hines Germany Alexander Möll. “We have found our desired tenant in Abercrombie & Fitch. The brand is a real traffic generator and strengthens our concept of bringing something new and unique to Munich.”
Abercrombie & Fitch will lease space in the former SZ newspaper office building on Sendlinger Street. Three of the floors will be transformed into sales areas with the basement dedicated to storage. Abercrombie & Fitch has opened similar stores in other metropolises such as London, Milan, Tokyo and Paris. In many cities, these stores are tourist attractions which appeal to young consumers of both sexes who have a high level of purchasing power.
“As an anchor tenant, Abercrombie & Fitch ideally typifies the concept of Hofstatt – to bring new international brands and exceptional tenants with new ideas to Munich,” explained Hines Project Manager Daniel Reichwein.
Plans call for Abercrombie & Fitch’s flagship store to have two entrances, one on Sendlinger Street, and the other from Hofstatt’s attractive inner courtyard, which also provides access to the development’s other retail areas.
Both entrances will feature archways reminiscent of building’s original architecture.
Approximately 131,200 square feet of retail/restaurant space is still available for lease at Hofstatt.
For further information, visit www.hofstatt.info.
Hofstatt is owned by Vermietungs und Verwaltungsgesellschaft Sendlinger Straße GmbH & Co. KG” (VVS), one of LBBW Immobilien’s project companies. Hines Immobilien GmbH is the developer’s representative for the business and technical side, and is responsible for Hofstatt’s leasing, sales and marketing.