Südpark with 22,700 sqm GLA is a strong regional shopping center with a broad catchment area in the South of Austria. Anchor tenants include Hennes & Mauritz, C&A and Merkur supermarket. Rodamco Europe and the 50% co-owner, the successful Austrian entrepreneur Mr. Pletzer, will form a 50/ 50 partnership whereby Rodamco Europe will take over the center management. After receiving approval from the Austrian Anti-trust authorities, the transfer of ownership is expected in Q4 2007. In Austria Rodamco Europe already owns 90% of Donauzentrum in Vienna, one of the largest most dominant shopping centers in Austria.
Maarten Hulshoff, CEO of Rodamco Europe: "This acquisition of a strong local shopping center with a good tenant mix and a broad catchment area offers excellent opportunities to expand Rodamco Europe's activities in Austria. By using our retail management capabilities we are convinced to be able to further increase the attractiveness of the shopping center for the consumer and to add value to this center."
COMPANY PROFILE RODAMCO EUROPE N.V.
Rodamco Europe with headquarters in Rotterdam, the Netherlands, is both investor and manager of its dominant shopping centers in its home regions The Netherlands & Belgium, the Nordic countries, France, Spain and Central Europe. Top quality shops and shopping centers form around 94%[1] of Rodamco Europe's €10.9 billion property assets. This makes Rodamco Europe the largest listed property investment and management company in the retail sector in Europe. Rodamco Europe is listed on the Stock Exchanges in Amsterdam, Paris, Frankfurt and Brussels. A Euronext 100 company, Rodamco Europe is included in the Euronext AEX Index (AEX) and in the MSCI World Index. For more information on Rodamco Europe, please visit our website: www.rodamco.com.
[1] Including offices in Sweden
