NEO opening on Grimmaische Straße in Leipzig
The young fashion label of the Adidas Group, NEO, is expected to open an approx. 250 square meter shop at 27-29 Grimmaische Straße in Leipzig, already in autumn 2014. This has been reported by ARCADIA Investment GmbH who accompanied the owner, Alte Leipziger Lebensversicherung from Oberursel, of the development property, situated in the best location in the Leipzig inner city, in an advisory capacity. The brokerage company CMBR, who were the exclusive agents for NEO, brokered the shop to the new tenants.
NEO was recently introduced by the Adidas Group as their new young fashion label. With more than 50,000 employees in some 160 countries Adidas produces more than 650 million products per year and generated an income of round 14.5 billion euro in the 2013 financial year.
The development property at 27-29 Grimmaische Straßse of the Alte Leipziger Lebensversicherung lies directly opposite the Leipzig University and the American coffee shop, Starbucks. Tenants of the new building include Motel One and Aktiv Schuh. The building is now fully leased with NEO as the last tenant to fill the property.
Alexander Folz, managing partner of ARCADIA Investment GmbH, is pleased about the new tenant on Grimmaische Straße: “With the NEO concept we have a real crowd puller which we expect to be a further stimulus for the development of the micro location. However, Adidas likewise made sure they selected a highly frequented location with a simultaneously large target group for their young NEO label.”
The ARCADIA Investment Group has focused its specialisation on the development of property used for retail and residential properties as well as car parks and underground car parks throughout the entire Germany. In addition to activities relating to its own portfolio, it has also implemented a host of projects in the framework of joint ventures – amongst others in close collaboration with international companies. One of the company’s core business functions is the optimisation, maintenance and expansion of the property portfolio of family businesses with the utmost care and confidentiality. ARCADIA Investment GmbH currently employs seven people and has an office in Leipzig and a founding office in Taucha.
For enquiries please contact Herr Ralf Bettges, Press and Public Office at 0172 – 233 73 90. Please find further information about ARCADIA Investment GmbH at email@example.com.