Six months after the acquisition of the Goethestrasse 2 property, investor Medcap Real Estate and operating partner LUWIN Real Estate have announced the signing of long-term leases to watch manufacturer A. Lange & Söhne (part of the Richemont luxury goods group) and international jewellery brand Pomellato (a member of the Kering luxury goods group).
Previously, the long-standing tenant Salvatore Ferragamo, the Florence-based luxury fashion label, had already decided to remain in the property for the long term. This means that the retail space in Goethestrasse 2 is now fully let. Around 900 sqm of office space, on five floors, is currently being marketed.
Medcap and LUWIN have acquired the retail and office asset, in a prominent Frankfurt location, and are completely revitalising it to the highest standards. The topping-out ceremony was celebrated on 19 October. Final completion is planned by the end of the year, when Goethestrasse 2 will provide around 1,600 sq m of lettable retail and office space.
