Bouwfonds MAB, the Netherlands-based developer, and Media Saturn have signed a letter of intent at Mapic in Cannes in relation to the letting of 7,800 m[sup]2[/sup] of retail space at the multifunctional Hoch Vier project in Frankfurt. Media Saturn is renting on the 3rd and 4th floors of the centre.
Bouwfonds MAB, the Netherlands-based developer, and Media Saturn have signed a letter of intent at Mapic in Cannes in relation to the letting of 7,800 m2 of retail space at the multifunctional Hoch Vier project in Frankfurt. Media Saturn is renting on the 3rd and 4th floors of the centre.
Bouwfonds also disclosed it is in the final stages of negotiations with Ansons about the open of the fashion chain's first flagship store of 3,500 m2. Fitness centre Albrecht has already agreed to let 200 m2.
Adding up all lettings contracts, some 16,000 m2, or 40%, of the retail space has now been rented at Hoch Vier. Construction work is underway and the centre is scheduled for completion in late 2008 or early 2009. Apart from shops, Bouwfonds MAB is also developing 35,000 m2 of office space, a hotel and a restaurant at the location. The company said it is in talks with an unnamed party about letting a substantial portion of the offices and three groups have expressed interest in the hotel.
