Closure plans: landlords ECE wants to negotiate with Karstadt, Kaufhof

According to the closure plans of the Department store group's Galeria, Karstadt, Kaufhof, the centre Manager, ECE wants to lead as one of the great landlords

Closure plans: landlords ECE wants to negotiate with Karstadt, Kaufhof

According to the closure plans of the Department store group's Galeria, Karstadt, Kaufhof, the centre Manager, ECE wants to lead as one of the great landlords further discussions. "As long as nothing is yet definitively decided, let's try to negotiate further with Karstadt, Kaufhof and to fight for the locations," said Steffen Eric Friedlein, managing Director leasing of ECE, on Saturday in Hamburg. 12 of 172 of the group's sites are located – often for decades – in several of the ECE-operated Shopping centers and affected a large part of the closure plans.

"We have conveyed in recent weeks, with a lot of commitment and dedication between Galeria, Karstadt, Kaufhof and the owners of our club, and a very far-reaching solution offers developed in order to site closure to avoid in our centers and to get the jobs in the stores," said Friedlein. Karstadt, Kaufhof had announced the previous day that the group intends to close 62 of the 172 sites

the Manager of The ECE, with around 100 of shopping centres as a centre, managed in Germany by the company operates on behalf of the respective owners, markets, and rents. Alone in the centers in Germany, ECE manages more than 11,000 retail tenants.

Updated Date: 20 June 2020, 10:19

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