HBB takes over Center Management and Leasing for NordWestZentrum in Frankfurt

Pressrelease

NordWestZentrum (NWZ), opened in 1968 and was expanded several times, most recently in 2018. It is one of the largest and most frequented shopping centers in Germany. Consumers find 160 stores, restaurants and services in an area of more than 90,000 sqm of rental space. Anchor tenants are Primark, Media Markt, REWE Center, Decathlon, Zara, P&C West, Müller Drogerie, H&M and C&A. NWZ offers 3,500 car parking spaces and is connected to public transport via its own subway station and a central bus station. NordWestZentrum is also home to numerous public services like a swimming pool, an event hall, a basketball hall, the city library, a kindergarten and an adult education center. The overall property also includes apartments, offices, a hotel, a medical center and a gas station. With a total area of approx. 360.000 sqm makes NordWestZentrum the focal meeting point for the population in Frankfurt’s North West and the entire catchment area.

In cooperation with Josef Buchmann Immobilien HBB aims to further develop the tenants mix and adapt the property to changing market conditions.

In addition to shopping centers, is HBB a specialist for asset classes like office, residential, hotels and senior living. This expertise can and will be utilized for the further development of NordWestZentrum.

André Stromeyer, Managing Director HBB Centermanagement: “We look forward to working together, to contributing our expertise in all asset classes and to jointly leading the center into a successful future.”

Josef Buchmann adds: “We are convinced that we have found with HBB a strong management and leasing partner and that HBBs cross-industry experience will be beneficial. The cooperation with a medium-sized and owner-managed partner offers a good basis for the development of NordWestZentrum.”

About HBB The HBB Group

based in Hamburg – has been active in the real estate industry as an investor and project developer for 50 years. Asset Classes like retail, office, hotel, senior living and residential properties have been developed and built nationwide throughout Germany. HBB sees itself as a specialized investor with the aim of creating long-term successful projects rather than short-term profit maximization. The focus of HBB is on sustainability and compatibility of their real estate projects. The company is owner operated and has a team of more than 140 highly skilled professionals. HBB Centermanagement GmbH & Co. KG manages Shopping Centers in Munich, Hanau, Frankfurt, Langenhangen, Gummersbach, Hamburg, Weiden, Essen, Wittenberg, Ingelheim, Stein, Heiligenhaus, Langen and Leipzig – among others.