Aldi Süd Opens Mixed-Use Property Near Karlsruhe
Discounter Aldi Süd has developed a mixed-use property in Waldbronn near Karlsruhe in Germany, which includes both retail and residential space. Retailers at the new local shopping centre have opened their doors to customers after around two and a half years of construction.
Three retailers have officially opened their stores on the ground floor, spanning a total of 3,000 square metres, the discounter added.
Aldi Süd’s outlet spans 1,300 square metres alone, offering a wide range of products with over 90% own brands at affordable prices.
The discounter will operate and rent out the retail space developed by its partner Werner Wohnbau GmbH & Co. KG.
‘Creating Tangible Added Value’
Christof Hake, managing director of real estate at Aldi Süd stated, “With the local shopping centre and the new flats, we are creating tangible added value for the people in the surrounding area. For us as the developer, today’s opening is a milestone. It shows that we are realising challenging construction projects on schedule and in an economically sustainable manner.
“At a time when rising costs are delaying or even cancelling many construction projects, this is anything but a matter of course. The key to our success is the excellent cooperation with our project partner and the town of Waldbronn.”
The property also includes around 115 residential apartments, of which around 20% are socially subsidised.
The property is well connected to the Karlsruhe technology region, making it an attractive place to live and a business location for companies, the discounter noted.
ESM
Related news
Kaufland To Join Buying Alliance AgeCore In 2025
German retail chain Kaufland is set to join the AgeCore…
Read more >GfK’s German consumer sentiment index for August improved
The German consumer sentiment index of the Nuremberg economic research…
Read more >Birkenstock opens first owned store in France ahead of Olympics
The two-level space includes an area for community events and…
Read more >Related news
Valeo Foods Completes Acquisition Of Appalaches Nature
Valeo Foods Group has completed the acquisition of Appalaches Nature,…
Read more >Carrefour grows in France and Brazil, lags behind in rest of Europe
Carrefour says it is rather pleased with its financial results…
Read more >Food and beverage innovation plunges nearly 50% since 2007: Mintel
The market research firm said about a quarter of items…
Read more >