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countries—East and West Germany—split by politics, today’s Germany is unified, with the same government and currency, despite having different traditions and customs. Today only remnants of the wall that had divided so many people and cultures for years remain.


The birth of specialty retail Until about seven years ago, leasing in the common areas of German shopping centers was almost unheard of. As in the United States, in Germany, common-area leasing began with retailers bringing their own kiosks into the shopping mall. Now RMU programs across the country are slowly picking up steam. “In comparison to the United States, the specialty retail market in Germany is just building and we started our RMU program this year,” says Franka Lange, Director of Retail Operations at Retail Profile, a specialty leasing management company based in Germany, the United Kingdom and Russia. “The common area of malls until seven years ago had hardly been used for retail at all,” Lange points out. Retail Profile broke into the central European market with a significant third-party management deal. As the


sole third party partner with ECE, the leading shopping center developer in Europe, Retail Profile is set to manage specialty leasing throughout ECE’s German portfolio.


SpecialtyRetail.com Winter 2012 n Specialty Retail Report 77


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