Originally built in 1898 as a manufacturing site for locomotives, Hallen am Borsigturm was fully renovated and refurbished into a shopping centre and adjacent office building in 1999 showcasing the site’s unique historical architecture. Located in the district of Reinickendorf-Tegel with excellent accessibility and limited competition, the centre today serves as the prime shopping and entertainment destination for a large catchment area (912,000).
The Investment Strategy
- Acquired in 2013 by the ECE European Prime Shopping Centre Fund I
- Significant reduction of retail vacancy by adding strong anchors i.e. Zara
- Optimisation of branch and tenant mix via active re-leasing measures
- Completion of a planned large-scale mall refurbishment improved quality of stay, as well as an optimised lighting concept and a full revitalisation and re-branding of the centre