Galerie Neustädter Tor

Galerie Neustädter Tor — rebranded in 2023 as neustädter — is a shopping centre in the centre of Gießen, Hesse, Germany. It opened on 20 October 2005 on the site of the former Oswaldsgarten and, with roughly 33,000 m² of sales area, is the second-largest shopping centre in Central Hesse after the Forum Wetzlar. Around 65 retail and food-service businesses are spread over two levels. The centre is open Monday to Saturday, with core shop hours of 10:00 to 19:00, and its car park is open 24/7. Its address is Neustadt 28, 35390 Gießen. The centre was built in 15 months by the Rosco Unternehmensgruppe of Bad Hersfeld, which also initially operated it. In 2006 it was sold to the US fund Pramerica Real Estate Investors, based in Munich. From 1 October 2009 the Essen-based MFI Management für Immobilien AG took over centre management, and since 2015 the centre has been managed by Prelios Immobilien Management. In July 2019, following antitrust approval, it became public that Pramerica had sold the mall to Highstreet PropCo Giessen, based in Luxembourg and belonging to the Luxembourg-listed investment company Corestate Capital Holding, which specialises in acquiring and later reselling retail properties in German mid-sized cities. The property has long suffered from significant vacancy. In 2010, for example, the fashion retailers Mango and Vockeroth left the centre. In 2010 the exterior design was criticised on the Hessischer Rundfunk television programme Architektursünden in Hessen, which described the façade as a "gigantic architectural sin" and a "total urban-planning disaster". In 2012 the centre management criticised "poorly cut shop units" and diagnosed a "suboptimal" tenant mix; re-cutting the shops and introducing a modern lighting concept and modern furniture were intended to make the centre more attractive. In 2007, almost a quarter (22.6%) of the retail turnover in Gießen's inner city, which totalled 360 million euros, was attributable to the Galerie. Today the centre markets itself under the name neustädter with the slogan "In Gießen genießen" and advertises "50 shops — fashion, food & more", alongside categories including fashion supermarket, beauty/optics/pharmacy, gastronomy, stationery, home, toys, technology, services and fitness. It also hosts events such as a Dance Battle, Sunday shopping, a Hollywood film casting and a gala of lights.

Galerie Neustädter Tor opened on 20 October 2005 in a central location in Gießen on the site of the former Oswaldsgarten. It was built in 15 months by the Rosco Unternehmensgruppe of Bad Hersfeld, which also initially operated it. With roughly 33,000 m² of sales area, it is the second-largest shopping centre in Central Hesse after the Forum Wetzlar, and around 65 retail and food-service businesses are spread over two levels. In 2006 the centre was sold to the US fund Pramerica Real Estate Investors, based in Munich. As early as 2006, a poor tenant mix was identified in the Galerie. In 2007, almost a quarter (22.6%) of the retail turnover in Gießen's inner city, which totalled 360 million euros, was attributable to the Galerie. Since 1 October 2009, the Essen-based MFI Management für Immobilien AG has taken over centre management. The property has long suffered from considerable vacancy. In 2010, for example, two fashion stores, Mango and Vockeroth, left the centre. In 2010 the exterior design of the shopping centre was criticised on the Hessischer Rundfunk television programme Architektursünden in Hessen; the façade was described as a "gigantic architectural sin" and a "total urban-planning disaster". In 2012 the centre management criticised "poorly cut shop units" and diagnosed a "suboptimal" tenant mix. By re-cutting the shops and introducing a modern lighting concept and modern furniture, the shopping centre was to be made more attractive in 2012. Since 2015 the Galerie has been operated by Prelios Immobilien Management, after this task was initially in the hands of MFI Management für Immobilien. In 2019 the building was sold again: in July, following approval by the antitrust authority, it became public that Pramerica had sold the mall to Highstreet PropCo Giessen, based in Luxembourg. This company belongs to Corestate Capital Holding, a Luxembourg-listed investment company that specialises in "the acquisition and later resale of retail properties in German mid-sized cities". By 2023 the centre had been rebranded as neustädter (stylised in lower case), and it now markets itself with the slogan "In Gießen genießen" and the claim "50 shops — fashion, food & more". Its website lists categories including fashion supermarket, beauty/optics/pharmacy, gastronomy, stationery, home, toys, technology, services and fitness, and advertises events such as a Dance Battle, Sunday shopping, a Hollywood film casting and a Gala of Lights. Core opening hours for the shops are 10:00 to 19:00 Monday to Saturday, and the car park is open 24/7.

• 2023

  Rebranded from Galerie Neustädter Tor to neustädter.

• 2019

  Pramerica sold the mall to Highstreet PropCo Giessen, part of Corestate Capital Holding, following antitrust approval in July.

• 2015

  Prelios Immobilien Management took over operation of the centre.

• 2012

  Centre management criticised poorly cut shop units and a suboptimal tenant mix; re-cutting and a modern lighting concept were planned.

• 2010

  Fashion stores Mango and Vockeroth left the centre; the façade was criticised on the TV programme Architektursünden in Hessen.

• 2009

  MFI Management für Immobilien AG took over centre management on 1 October 2009.

• 2007

  Almost a quarter (22.6%) of Gießen's inner-city retail turnover of 360 million euros was attributable to the Galerie.

• 2006

  Sold to the US fund Pramerica Real Estate Investors; a poor tenant mix was already identified.

• 2005

  Opened on 20 October 2005 on the site of the former Oswaldsgarten in Gießen.

A centrally located, mid-sized inner-city shopping centre in Gießen, positioned as a fashion, food and leisure destination for Central Hesse.

• Fashion supermarket

• Beauty / optics / pharmacy

• Gastronomy

• Stationery

• Home and living

• Toys

• Technology

• Services

• Fitness

1. 1neustädter – In Gießen genießen (official website)neustaedter-gi.de
2. 2Neustädter (Einkaufszentrum) – Wikipedia (German)de.wikipedia.org
3. 3Galerie Neustädter Tor – Wikidatawikidata.org