MAPIC: Resolution Property secures 26 new lettings at Bremen mall

Resolution Property has announced 26 new lettings to leading retailers at its Waterfront shopping centre in Bremen, Germany.

Since acquiring the site in September 2010, Resolution Property and its joint venture partner, LNC Property Group, have leased more than 11,000 m² of vacant space to retailers including Germany's number one electronic retailer Media Markt. Other lettings include Footlocker, Jeans Fritz, and Camp David. In total 25 retailers, including Primark, Desigual, G-Star, Humanic, Pieces, Only, Selected, Vila, Tommy Hilfiger, Muller and Build a Bear, have their only store in Bremen within the centre.

Following the upgrading of the centre by Resolution Property for an investment of EUR 750,000, footfall has increased by 14% on 2010 levels, with an envisaged 25% increase for 2011/2012.

Improvements to the Waterfront centre include internal architectural changes, new furniture, way-finding signage, parking signage and external tenant signage.

Resolution Property acquired a 50% stake in the 70,000 m² Waterfront development as part of a joint venture with LNC Property Group in 2010.