MAB, Sonae Sierra's Solingen project almost 50% leased

Sonae Sierra has announced that its joint venture shopping centre project with MAB Development in the German city of Solingen has reached the 45% leasing mark more than a year before it is scheduled to open.

Solingen Shopping Center will comprise 29,000 m² gross leasable area (GLA) in the centre of Solingen, North Rhine-Westphalia. The project represents an investment of EUR 120 mln and will serve a catchment area of around 270,000 inhabitants.

Several big names are among the tenant list. Consumer electronics retailer Saturn will have a two-level store covering over 4,600 m². Groceries specialist Edeka has taken 3,550 m2, while drug store dm-drogerie and footwear specialist Deichmann are taking 750 m² and 600 m².

The shopping centre is due to open in autumn 2013.