Ten years after the opening of ECE's shopping centre Europa-Passage in downtown Hamburg, the developer has unveiled plans to completely refurbish the asset with an injection of 鈧�14 mln from owner Allianz Real Estate.
The main focus of the makeover will be a new 'FoodSky' area, extending across the entire top floor of the centre, comprising a food court featuring 15 food retailers with seating for more than 400 people, plus five restaurants.
'Europa Passage in Hamburg is our flagship retail property in Germany,' said Holger Hosang, head of asset management at Allianz Real Estate Germany. 'The refurbishment project which is starting now will pave the way for the successful further development of the center. The renovation will ensure that Europa Passage will remain an attractive customer magnet in downtown Hamburg in the future.'
While Allianz Real Estate owns the asset, ECE has been providing the centre management services for Europa Passage since 2008 and will also be responsible for the modernisation.
'Dining options have become more and more significant for a premium shopping experience. Our new FoodSky will become an absolute highlight that will enthuse our visitors and guests anew time and again,' concluded centre manager Gerhard L枚we.
FoodSky will open in autumn 2017, while the rest of Europa Passage's refurbishment should be completed by spring 2018.
