16.11.2009: Altmarkt-Galerie Dresden: Extension on schedule
€ 165 million investment ++ 800 additional jobs ++ 90 new shops
The construction works for the extension of the Altmarkt-Galerie in Dresden are proceeding at good pace: the inner-city shopping gallery receives another 18,000sqm of additional sales area for approx. 90 new shops until spring 2011. Moreover, about 2,900sqm office area and approx. 5,300sqm for a hotel with roughly 200 rooms are planned on the upper floors of the new building at the street Wilsdruffer Straße. The project partners Deutsche EuroShop, TLG IMMOBILIEN and ECE Group invest around € 165 million in the building project. After completion, approx. 2,000 employees will work in the Altmarkt-Galerie – around 800 more than before. The extension includes the historic Intecta building, which is being comprehensively redeveloped and integrated into the Altmarkt-Galerie. The first part of Dresden’s Altmarkt-Galerie was opened in 2002 with approx. 26,000sqm sales area and around 100 shops. ECE has developed, planned and leased out the center and has been managing the Altmarkt-Galerie since its opening. Ed. Züblin AG was contracted as general contractor for the extension construction.
