(February 12, 2003) Some 90% of the space in Riem Arcades has already been rented out, reports Jochen Czub, the manager of the mall. Set for completion in precisely one year, the mall, located in Munich's Messestadt Riem borough, will be one of the largest in southern Germany.

"We expect the remaining 10% to be taken up over the next few months," adds Czub, who attributes the strong demand for space to the draw of the location. "Messestadt Riem is a great place in which to be located. That fact hasn't escaped the attention of retailers situated in both the mass market and premium segments," says Czub.

He notes: "Among our new tenants are Zara, Benetton, Pimkie, Orsay, s. Oliver, Hugendubel, WMF and Saniplus. They join C & A, K + L Ruppert, H & M, Ludwig Beck, Tommy Hilfiger, Gerry Weber, Esprit, Douglas, Betten Rid and Christ Jewellers."

The Arcades: rising fast

Now available for viewing is a simulation of the mall's interior. The simulation shows the Arcades to be a place with plenty of light-thanks to its arc of a glass roof - and of space for strolling and stopping. The stores show the variety of fronts and shapes characteristic of Europe's High Streets. "And that's precisely what we wanted to create: a place which our shoppers find enlivening and interesting, a place where they feel at home," states Czub.

Construction on the mall is proceeding at a rapid pace. Already completed are the skeletons of the mall's ground and first floors, and much of the office complex and the hotel. The outfitting of the store interiors will start in November.

One of the largest construction projects in Munich, the mall will open its doors at the beginning of 2004. Located in the heart of Messestadt Riem, the € 450 million project is being developed by DIFA and mifi. Riem Arcades' 119,000 square meters of usable floor space will be occupied by some 160 stores, plus leisure-time facilities, restaurants, cafés, a disco, a multiplex cinema, a 260-bed hotel, 60 apartment units, a community center, an office complex providing 20,000 meters of space, and some 2,600 parking spaces.

For further information, please visit
www.riem-arcaden.de

or contact:

mfi Management für Immobilien AG
Petra Richter
Am Waldthausenpark 4
45127 Essen
Tel.: (0201) 820 812 04
www.mfi-online.de

DIFA Deutsche Immobilien Fonds AG
Dr. Susanne Kaschub
Caffamacherreihe 8
20355 Hamburg
Tel. (040) 349 191 39
www.difa.de

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