Aachener Grundvermögen extends partnership with Sonae Sierra for Münster Arcades’ 20th anniversary

The Münster Arkaden, a premier shopping destination in the heart of Münster, is celebrating its 20th anniversary with a significant milestone: Aachener Grundvermögen, the property owner, has extended its management contract with Sonae Sierra, reaffirming a long-standing partnership. The agreement encompasses center and property management, leasing, and marketing.

Sonae Sierra, which previously owned the Münster Arkaden, has managed the mixed-use property on behalf of Aachener Grundvermögen since 2012. Under its stewardship, the center, spanning approximately 38,000 square meters, has continued to thrive in Münster’s competitive retail landscape.

In 2024, the Münster Arkaden achieved its highest sales since opening, along with increased visitor numbers and a 99% occupancy rate. The leasing market also saw success, with 14 new agreements signed, including deals with international brands and renewed contracts with key anchor tenants.

Sustainability has been a key focus of Sonae Sierra’s management, with notable achievements such as reducing electricity consumption by one-third since 2010 and district heating needs by 50% over the past decade. The recycling rate has also risen to 87% since 2014, contributing to a reduction in ancillary rental costs and strengthening the property’s long-term appeal.

Christine Hager, Director of Property Management at Sonae Sierra in Germany, emphasized the company’s expertise in retail and shopping center management, noting, “We are committed to maximizing the potential of the Münster Arkaden, creating value for investors, tenants, and the city of Münster. We greatly appreciate the trust Aachener Grundvermögen has placed in us.”

Aachener Grundvermögen also highlighted the importance of the partnership. “With Sonae Sierra, we have one of Europe’s most renowned retail property experts by our side. The Münster Arkaden is a first-class property in a prime location, offering attractive options for all generations. We value our collaboration with the Sierra Germany team and look forward to continuing this successful partnership,” said Dorothea Theis, Head of Real Estate Management at Aachener Grundvermögen.

As the Münster Arkaden marks two decades of success, the renewed partnership between Aachener Grundvermögen and Sonae Sierra ensures the property remains a cornerstone of Münster’s city center and a benchmark for sustainable retail management.