It was built in the Messestadt Riem district at Willy-Brandt-Platz and designed by the Allmann Sattler Wappner firm and opened on 10 March 2004.

In addition to various fashion brands - such as Marc O'Polo or Tommy Hilfiger (company)- technical novelties, sports equipment, accessories, toys and home décor, doctors, a pharmacy, hairdressers, beauty salons as well as a dry cleaner and alteration tailor are also available for the approximately 9 million visitors each year.

For this reason, in addition to its regional importance as a major shopping centre, the Riem Arcaden also played the role of a daily local supplier for an entire district for some time.

Numerous events in and around the shopping centre serve as a meeting place for visitors and residents alike.

Together with local schools, kindergartens and social initiatives, the Riem Arcaden are involved in various charitable projects.