Westenhellweg, Dortmund
Always busy
On Dortmund’s most popular shopping street, Westenhellweg, Art-Invest Real Estate has acquired a 12,200 m² commercial building. The long-term main tenants of the mixed-use property include H&M and Lush. With this purchase, Art-Invest Real Estate is strengthening its portfolio of inner-city retail properties with value-added potential.
Westenhellweg Facts
WESTENHELLWEG IN DETAIL
One of the most popular shopping streets
Westenhellweg in Dortmund is one of the ten most frequented shopping streets in Germany – and has been for several years. The City of Dortmund’s measures to revitalize the adjacent areas of Kampstraße and Platz von Netanya are intended to improve the quality of life in the vicinity of Westenhellweg.
Identifying potential
With this investment, Art-Invest Real Estate strengthens its managed fund, which focuses on investments in inner-city retail properties. Due to the Corso-Passage, which runs through the entire building, the property has enormous potential for value creation. The combination of retail, restaurants, offices, medical practices, and residential spaces creates a diverse mix of uses.
Historical all along the line
The name Hellweg is translated as light and wide path. In Dortmund this is a more than 5,000 year old street from pre-Roman Germanic times. Hellweg was already the most important street in Dortmund at that time and led from the historic east gate to the west gate.