IC Immobilien Gruppe secures anchor tenant for RabensteinCenter in Chemnitz

IC Immobilien Gruppe has finalised a lease agreement with TEDi GmbH & Co. KG for around 930 square metres of retail space in the RabensteinCenter in Chemnitz, which is managed by IC Immobilien Gruppe. The discount retailer moved into the shopping centre in mid-October and is planning to open its new store on 30 November 2017. The lease has been agreed for 10 years and includes an extension option.

TEDi GmbH & Co. KG, which is co-owned by Tengelmann and KiK owner Stefan Heinig, is a pan-European discount retailer with more than 1,700 outlets.

The RabensteinCenter is a district shopping centre in west Chemnitz and houses a community health centre, a municipal service centre and offices, as well as numerous retail outlets and restaurants. Built in 1997, the centre has a total area of almost 10,000 square metres. On behalf of the property’s owner, IC Immobilien Gruppe provides centre management and property management services.

“A well-known anchor tenant such as TEDi enhances the attractiveness of the entire shopping centre, both for visitors and the centre’s other retailers,” said Heiko Dietel, Managing Director of IC Immobilien Service GmbH.