Multi Development Germany and Karstadt department store group are to redevelop the centre of Recklinghausen, a city in Germany's industrial Ruhr region, for a total investment of around EUR 135mln. The 30,000 m[sup]2[/sup] project has been given the working title Quartier am Markt (Market Quarter) and is aimed at repositioning the central market square as an attractive inner-city location.
Multi Development Germany and Karstadt department store group are to redevelop the centre of Recklinghausen, a city in Germany's industrial Ruhr region, for a total investment of around EUR 135mln. The 30,000 m2 project has been given the working title Quartier am Markt (Market Quarter) and is aimed at repositioning the central market square as an attractive inner-city location.
The project will comprise shops, restaurants and other services divided into a maximum of 90 units as well as an underground garage providing around 500 new parking spaces. A 12,000 m2 Karstadt department store dating from the 1930s with an historic facade will be integrated into the development.
'Following the opening of the Limbecker Platz shopping centre in March of this year and the opening of the Forum Project in Duisburg scheduled for this autumn (another joint project with Multi Development), this development in Recklinghausen will be our third large project within the the Ruhr area,' said Jan-Christoph Maiwaldt, head of finance and real estate development at Karstadt.
