German developer ECE Projektmanagement has received the go-ahead to develop a shopping centre in the town of Velbert in the German state of North Rhine-Westphalia.
German developer ECE Projektmanagement has received the go-ahead to develop a shopping centre in the town of Velbert in the German state of North Rhine-Westphalia.
The scheme, scheduled to open in autumn 2014, will represent an investment of some EUR 120 mln and will be developed by a joint venture of ECE and Hanseatische Betreuungs- und Beteiligungsgesellschaft (HBB) in a prime downtown location.
In total, the centre will offer 20,000 m2 of retail space on three levels, or about 100 shops, as well as 900 parking spaces.
In a statement, ECE said it expects construction to start in spring 2013.
