Monday, 17 March 2025
Union Investment has announced a long-term lease agreement with AmRest Coffee Deutschland Sp. z o.o. & Co. KG, bringing a Starbucks Coffee House to the prominent Kettwiger Tor property in Essen. The new tenant, Starbucks, will replace the Hallhuber fashion store and is set to open its doors in spring 2025 after extensive renovation work.
Starbucks, one of the world’s largest coffee roasters and suppliers of specialty coffee, will occupy three floors of the building. The addition of the global coffee giant is expected to enhance the appeal of the property for both existing office and retail tenants and the surrounding area.
“We are delighted to welcome Starbucks as a successor to Hallhuber. This partnership will significantly benefit the property’s tenants and the wider community,” said Sven Lintl, Head of Asset Management Germany at Union Investment.
The Kettwiger Tor property is situated on a central street in Essen’s bustling city center, just 400 meters from the main railway station. Its strategic location ensures easy accessibility for commuters and shoppers alike.
Part of the UniInstitutional German Real Estate portfolio since 2014, the building has become a key asset for the institutional fund. Starbucks’ arrival marks a new chapter in the property’s history, further solidifying its position as a central hub for retail and office spaces in Essen.
Renovations for the new Starbucks Coffee House are set to begin shortly, with completion targeted for spring 2025.
