MEAG and IC Immobilien Gruppe extend existing lease agreement for approx. 5,300 square metres with a major full-range retailer

MEAG, in collaboration with its property manager, IC Immobilien Gruppe, has concluded a long-term extension to the lease agreement with a major full-range retailer for approx. 5,300 square meters in the “MittelRhein Center” mall in Koblenz. The owner is MEAG German Super Stores, a specialised fund with which institutional investors can profit from the earnings potential of retail parks.

The “MittelRhein Center” mall was completed in 2007, has a total leasable area of approx. 15,000 square metres, and is located at Andernacher Str. 236–238 in the northern part of Koblenz. Other tenants include an organic food retailer, a discounter and a footwear retailer.