(October 14, 2002) Interest in renting premises in Riem Arcades is running strong. Some 80% of the floor space in the mall, to be Munich's second largest upon its completion in spring 2004, has already been rented out or spoken for, reports Jochen Czub, the Arcades' manager.

'Anchor' tenants include Peek & Cloppenburg, Hennes & Mauritz, Christ jewelers, Esprit and many other leading names. All told, the mall will have 30,000 square meters of retailing space, with another 17,000 square meters available for outside displays.

Along with a multiplex cinema, restaurants and cafés, a disco and leisure-time and municipal centers, the mall will also be home to a six-story, three-star-plus Dorint hotel. It will have 278 rooms.

Motivating these companies to set up shop in Riem Arcades is the size of the market to be tapped. Some 400,000 persons live on Munich's east side-and five times as many in the metropolitan area. Add to these two million potential customers another two and a half million. That's the total annual attendance at the events staged at Munich's fairgrounds and ICM congress center.

Both facilities are located across the street from Riem Arcades.

For further information, please contact
Petra Richter
mfi Management für Immobilien AG
Tel.: (+49-201) 820 810
E-mail: mfi.essen@mfi-online.de

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