The INTERRA Group has substantially improved the occupancy rate of its portfolio of seven shopping centres since the beginning of the year. The total rental area comprises approximately 185,950 square metres. At the start of the year, 74 percent of this was let; the current figure stands at about 165,500 square metres, corresponding to an occupancy rate of 89 percent. In the first seven months of the current year, approximately 27,500 square metres were newly let and restructured. Of this, over 10,000 square metres were accounted for in the first quarter, over 12,000 square metres in the second quarter, and so far 5,500 square metres in the third quarter, for which INTERRA is aiming for a target of 15,000 square metres. Currently, about 20,000 square metres are still available.
Property management, facility management, and marketing are deliberately handled in-house. This strategy allows for early anticipation of developments such as a tenant default, rather than having to react only on the day of a termination, as Alexander Dold explained.
At the Handelscentrum Strausberg, the largest single deal in recent months was concluded with the establishment of New Yorker. For this purpose, INTERRA is constructing a targeted new building, as the brand was requested by both the town and visitors. Simultaneously, local amenities were strengthened: Netto Marken-Discount opened its branch on 21 April 2026. Takko is also new to the site. Rossmann will move from an interim location to the former C&A space, with the reopening planned for the fourth quarter of 2026. The centre features over 60 shops and approximately 1,300 free parking spaces.
The Leine-Center Laatzen has been continuously developed since its acquisition in 2025, with a focus on the tenant mix, technology, and visitor experience. Recent additions include Takko Fashion with approximately 600 square metres, the cosmetics brand Rituals, the bakery Steinecke, and the textile provider KEF, who is returning after a previous presence. Rossmann has extended its lease long-term. A special feature is the signing of the lease agreement with the City of Laatzen for a citizen's office and a city library on 7 August 2026. The city library will occupy approximately 890 square metres in the former Kult space, and the citizen's office 453 square metres in a former Reno branch. Both units, which together form approximately 1,343 square metres of public space within the shopping centre, are barrier-free. The lease commencement is flexibly planned for the first half of 2027, with the aim of moving in by February or March. An architectural firm is developing the spatial concepts. Alexander Dold emphasised that the citizen's office and city library will serve as regular points of contact for many people in Laatzen. In addition, technical and energy modernisations are planned, including the renewal of building services, the implementation of smart building solutions, improved energy efficiency, additional charging infrastructure, and prospectively, photovoltaics.
At Palais Vest Recklinghausen, the largest single measure is nearing completion: Müller is taking over 2,200 square metres in a central location. The opening is scheduled for early December. The conversion involved the precise adjustment of ceiling and floor slabs, the preparation of shafts, and the installation of new escalators by HEGERATH. Additionally, the ice cream parlour La Luna has extended its lease by ten years and will also be refurbished. Palais Vest offers approximately 45,600 square metres of rental space, about 100 units, and 970 parking spaces. The annual 7.6 million visitors and the DGNB Platinum certification underscore the relevance of the location. Furthermore, a public drinking fountain was opened at the centre in cooperation with the City of Recklinghausen and Gelsenwasser.
Shopping Plaza Garbsen is approaching full occupancy. New leases were signed with ONLY for 314 square metres and with the shoe provider Tamaris. The occupancy rate at the time of acquisition was 92 percent across 20,654 square metres of rental space with a WAULT of 4.6 years. Currently, only four spaces remain to achieve full occupancy, which INTERRA aims to reach in its anniversary year.
INTERRA pursues a strategy of active asset management that goes beyond mere property administration. Vacancies are analysed, spaces are reconfigured, and usage concepts are supplemented by retail, services, municipal offerings, and gastronomy. The overarching goal is to develop existing properties into long-term stable, economically successful, and relevant locations for their respective cities.
