The main activity of VR Franconia GmbH is leasing retail units to luxury brands and the management and operation of the "Wertheim Village" factory outlet center. The "Wertheim Village" was opened in several phases (2003: 11,222 m²; 2006: +5,152 m²; 2007: +2,068 m²; 2008: +2,218 m²) and currently has a total retail area of 20,875 m². In the 2024 reporting year the Village generated revenue of TEUR 38,583 and was 97.4% let as of 31 December 2024; the report also states an occupancy rate of 94.7% for 2024. The company has no employees; operational services are provided by Value Retail Management Germany GmbH, and financing is provided inter alia by a bank loan of TEUR 120 and loans from the majority shareholder.
Der Erwerb, die Veräußerung, Vermietung oder sonstige Verfügung über Grundstücke mit gewerblicher oder nichtgewerblicher Nutzung mit Bezug zum Aufbau, Management, Entwicklung, Besitz, Finanzierung, Vermietung, Erweiterung und Verkauf eines Factory-Outlet-Centers in Wertheim (Franken) ("Wertheim-Village").
Converted using the official Destatis and Eurostat correspondence tables; ISIC Rev. 4 is the United Nations' international industry classification.
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Source: German Commercial Register (Handelsregister) Mannheim Local Court, HRB 570561 (as of 4 November 2026)
| Name | Type | City |
|---|---|---|
| Jay Itzkowitz | Geschäftsführer(in) | New York |
| Scott Malkin | Geschäftsführer(in) | Chestnut Hill, MA |
Source: German Commercial Register (Handelsregister) Mannheim Local Court, HRB 570561 (as of 4 November 2026)
| Year | Revenue | Profit | Balance | Employees |
|---|---|---|---|---|
| 2025 | €37,934,533 | -€9,262,512 | €208,388,445 | — |
| 2024 | €38,582,631 | -€13,216,817 | €249,960,394 | — |
| 2023 | €37,373,387 | -€10,671,327 | €237,815,203 | — |
| 2022 | Rohergebnis€36.3M2 | -€4,354,822 | €225,429,552 | — |
| 2021 | Rohergebnis€25.4M2 | -€11,525,236 | €223,066,403 | — |
| 2020 | €26,079,468 | -€7,611,798 | €217,388,402 | — |
| 2019 | €32,343,451 | -€9,476,564 | €214,236,606 | — |
| 2018 | €30,129,696 | -€7,266,765 | €205,793,766 | — |
| 2017 | €29,784,154 | -€4,848,628 | €202,459,041 | — |
| 2016 | Rohergebnis€37.3M2 | €1,384,710 | €198,566,041 | — |
1 Small companies are not required to publish a profit-and-loss statement (§ 326 (1) HGB). The figure shown is the statutory ceiling under § 267 HGB where the balance-sheet total makes it binding — a company may exceed at most one of the three size criteria.
2 Rohergebnis nach § 276 HGB: Umsatzerlöse abzüglich Materialaufwand bzw. Herstellungskosten. Kleine und mittelgroße Kapitalgesellschaften dürfen diese Posten zusammenfassen; die Umsatzerlöse selbst sind dann nicht veröffentlicht und liegen über dem Rohergebnis.
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Source: German Commercial Register (Handelsregister) Mannheim Local Court, HRB 570561 (as of 4 November 2026)
| Cost type | Amount | Share |
|---|---|---|
| Depreciation | €3,558,421 | 23.4% |
| Interest & Similar | €11,647,695 | 76.6% |
