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Banksy exhibition at Citypark Graz attracts 40.000 visitors After a total of 87 opening days, the "The Mystery of Banksy - A Genius Mind" exhibition about the world-famous graffiti artist and painter...

UŠĆE shopping center introduces its smart city parking station

UŠĆE Shopping Center is the first shopping center in the Balkans with a parking station for electric bicycles and scooters, directly benefitting the preservation of the environment.

Hines secures new Nike store in Denmark

Hines has secured Nike at ‘The Trinity Quarter’ in Copenhagen, marking the brand’s first new store opening in Denmark since the global pandemic.

H&M opens new store at Braehead center near Glasgow

Braehead, a retail and leisure destination owned by property company SGS and asset managed by Global Mutual Properties, announces that H&M opened the doors to its new store.

Out now: New issue “What the Consumer really wants!”

OUT NOW - LATEST ISSUE! +++ WHAT THE CONSUMER REALLY WANTS! - Whenever consumers face uncertainty, their behavior changes. While retailers have learned to be more innovative, guardrails are needed.

BIG Shopping Centers is Now the Official Owner of Delta City in Podgorica

BIG Shopping centers has fulfilled all the conditions for officially purchasing 100% of ownership of Delta City Podgorica on Thursday 19th of May.

MAPIC 2022: It is All about Connecting Players

According to MAPIC Director Francesco Pupillo: During times of transformation, we have to guide people in a better and more intensive way. Therefore, he wants to increase the value enjoyed by the attendees of this year’s MAPIC by, among other things, connecting them via special events and focusing more attention on new and innovative retail models.

How Are Shopping Center Managers Working toward Enhancing the User Experience?

To future-proof shopping centers, managers need to balance the impact of longer term (secular) trends with an uncertain macroeconomic environment. Focusing on continuously enhancing the user experience is a prerequisite for success. According to Multi, three strategies can be adopted.

Events
Opinion MORE

Multi Poland: Marketing is a Key Value Driver for Real Estate Assets

In times of unpredictability, marketing spending is usually the first candidate for budget cuts. Marketing management in the commercial real estate sector must be highly focussed on the issues that are fundamental to the business of property owners which directly contributes to increasing their value.

Chase The Right Numbers

Racing after numbers, reading year-end reports, statistics and percentages: this chase is not but characterized by a kind of tunnel view, which limits the possibilities of growth. If you want to adapt, you need to consider every aspect of your target audience to keep on top of the changes in consumer behavior. Footfall is reflecting your detailed expertise, not producing it. What businesses need is direct connection to their customers: establish a relationship, explore needs and demands, and use the right tools to aid this pursuit.

Why outlets are the place for the independent retailer

Since the beginning of the pandemic, the message to the UK has been to shop local and support your community during the incredibly difficult period that we all faced. Even as town and city centers began to open up again, independent retailers have maintained their position in the spotlight of the retail industry, be it bricks and mortar or online.

Focus buys Turawa Park shopping center in Poland

Ukrainian real estate investor Focus Estate Fund has acquired the Turawa Park shopping center in Opole, southern Poland, from Edinburgh-based Abrdn for an undisclosed sum.

It is time for shopping centers to embrace e-commerce

“It is imperative for shopping centers to become part of the e-commerce economy; otherwise, your business will decline in the upcoming years.”

When there’s a will, there’s a way: The path to net zero carbon retail real estate

“Our addiction to fossil fuels is pushing humanity to the brink. We face a stark choice: Either we stop it–or it stops us. It’s time to say: enough.”

Development MORE

55,000 sq m mixed-use project Waterfront Genoa (IT) serviced by Nhood

Nhood Services Italy became a service provider for the urban transformation project of Waterfront di Levante, located in Genoa. Due to the special architectural solutions made by Renzo Piano, Waterfront can be described as a low environmental impact project for the city.

Masterplan for Mixed-Use Development of St. Enoch Center in Glasgow

Property developer and asset manager, Sovereign Centros, has submitted a planning application outlining its masterplan proposals for the reimagination of St. Enoch Center in Glasgow. The mixed-use development puts focus on retail, leisure, entertainment, hotel, offices, and city center living.

Iulius launches €500 Million Urban Regeneration Project in Romania

Iulius Group is launching a new investment in Cluj-Napoca: more than half a billion Euros for their urban regeneration project in Romania.

DI Group expands “Rathaus Center Pankow” for more than €12 million

Deutsche Immobilien-Gruppe (DI Group) is now investing more than €12 million in the expansion and renewal of its shopping center "Rathaus Center Pankow". The extension will create about 2,100 sq m, 7% more space.

Redevelopment of Westland Shopping Center at the Finish Line

AG Real Estate is on the verge of completing the extensive renovation and extension works it started in 2019 in Westland Shopping Center in Anderlecht (Belgium). The program includes the arrival of a large department store and a number of new retailers, the expansion of the Food & Beverage offer, and the creation of a leisure center of over 4,000 sq m.

First Outlet in Brussels is planned for 2023

TORG International will collaborate with Start Concept on leasing the first outlet in Brussels. Construction of the entire project is well advanced with an opening planned for late 2023.

Management MORE

Mall of Switzerland appoints Multi for property and asset management

Multi Corporation is appointed property and asset manager for Mall of Switzerland, effective June 1, 2022. Mall of Switzerland is a modern, four-storey shopping center with 65,000 sq m of GLA, over 80 shops, a 12-screen cinema, restaurants, leisure options, and a parking garage for 1,600 vehicles.

Sierra Balmain as new manager for three shopping centers in Poland

Sierra Balmain assumes management mandates for three Stage Capital shopping centers in Poland: Pasaż Łódzki, Galeria nad Jeziorem, and CH Osowa.

People on the move

Recruitments, promotions and appointments...

JLL Poland presents new Management Board

JLL's new management board is made up of a team of leaders featured with cross-sectional competences, and experience spanning both the real estate market and other sectors.

Thomas Hinderling is the new Head of Center & Mixed-Use Site Management

Thomas Hinderling will become Wincasa's new Head of Center & Mixed-Use Site Management (CMSM) as of May 1, 2022. He takes over the position from Felix Kubat, who is leaving the company at his own request. Philipp Arnold will succeed him as Head of Mixed-Use Site Management (MUSM) German-speaking Switzerland.

People on the move

Recruitments, promotions and appointments...

Investment MORE

Altera acquires local shopping center Het Stroink

Altera Vastgoed has acquired off-market local shopping center Het Stroink in Enschede (NL) from WP Retail Invest CV (“WPRI”). The center has recently been renovated by WPRI to create a retail complex with a pharmacy, a medical center, three primary schools, a nursery and a petrol station.

LaSalle acquires £600m UK designer outlet portfolio

LaSalle Investment Management has acquired two outlet centers in the United Kingdom, McArthurGlen Designer Outlet Cheshire Oaks and McArthurGlen Designer Outlet Swindon, for £600 million from Nuveen Real Estate.

Mitiska REIM acquires retail center in Beek (NL)

Mitiska REIM announced the acquisition of Makado Beek retail center from Syntrus Achmea, on behalf of the First Retail International 2 Fund (FRI 2) and in partnership with local co-investment partner and asset manager 3W Real Estate. It is one of the largest retail centers in the Netherlands, attracting over 3 million visitors per year.

Union Investment acquires Planetencenter from Savills

Union Investment has acquired the retail park Planetencenter for the UII GermanM special real estate fund from the seller Savills Investment Management.

KGAL acquires Charles Square Center in Prague

KGAL has acquired the Charles Square Center in Prague with retail, office space, gastronomy, and healthcare for a pan-European special AIF. The downtown retail and office complex with a total of nearly 20,000 sq m of leasable space has a number of international tenants. The seller of the property was Commerz Real.

BIG CEE acquires Delta City mall in Montenegro for €95 million

BIG is expanding its operation in Eastern Europe and the Balkans by acquiring their first property in Montenegro: Delta City mall, located in the capital Podgorica.

Retail MORE

BIG Shopping Centers is Now the Official Owner of Delta City in Podgorica

BIG Shopping centers has fulfilled all the conditions for officially purchasing 100% of ownership of Delta City Podgorica on Thursday 19th of May.

MAPIC 2022: It is All about Connecting Players

According to MAPIC Director Francesco Pupillo: During times of transformation, we have to guide people in a better and more intensive way. Therefore, he wants to increase the value enjoyed by the attendees of this year’s MAPIC by, among other things, connecting them via special events and focusing more attention on new and innovative retail models.

“Fear is Understandable”

First the coronavirus, then the war in Ukraine: Rising inflation and supply chain issues are causing panic, leading to consumers to buy again. Professor Stephan Rüschen speaks with ACROSS about justified fears, current supply shortages, and why transparency is the order of the day for all retailers.

“CREATING VALUE IN EVERYTHING WE ARE DOING”

Consumer behaviors and the business environment are changing fast under the global circumstances. Therefore, it is critical for real estate development companies to keep a pulse on both. The consumer is today at the heart of business more than ever before, say Jovana Cvetković and Nemanja Bućinac from MPC Properties.

Top 20 Store Openings to Watch in April 2022

Shopingy Mall Analyser and ACROSS Magazine present the top 20 store openings to watch on a monthly basis. Find here the exclusive data for April 2022.

Grow every day@Calienna

Vienna’s Neubaugasse in the seventh district has developed well in recent years. It has once again become a shopping street with many specialty stores and places to sit and linger. Strolling around here is fun again.

Proptech MORE

NEPI Rockcastle and Placewise: Partnership for Advanced Omnichannel Shopping Technology

The Placewise Marketplace Performance Cloud (MPC), a digital operating system developed for retail real estate, will be integrated at 45 shopping centers to provide the most advanced modern shopping experience to NEPI’s combined annual 244 million shoppers.

Multi Corporation and Chainels announce strategic collaboration

Multi Corporation has launched the "Multi Forum" tenant experience app to further improve management of its assets. Powered by Chainels, the tenant experience app is a user-friendly portal available in website and app formats.

Multi Poland: Digital Integration positively impacts Retail Asset Value

One of the most important lessons the retail real estate industry can learn from the pandemic is to recognize the importance of omnichannel and big data. Investing in digital solutions can provide a competitive advantage and better results for both landlords and tenants.

Coniq develops new loyalty programs for Reem Mall in Abu Dhabi

Coniq announced their partnership with Reem Mall (Abu Dhabi) to develop innovative engagement and loyalty programs for unique customer journeys backed by the latest data science, especially for the GCC market.

Shopping 4.0 at new “Innovation Space” in Hamburg

How will we shop in the future? Online or in a store? Both? _blaenk (German retail start up) wants to find out the answers to this question live at Jungfernstieg in Hamburg–in collaboration with Vodafone.

Quarree Wandsbek upgrades exterior facade with 3D LED video walls

The final step in the comprehensive refurbishment of Hamburg's Quarree shopping center has been completed: On the façade facing Wandsbeker Marktstraße, two eye-catching LED screens have been installed.

Food & Beverage / Leisure MORE

€11.8 Million new Leisure Experience at Liverpool One

Gravity Active Entertainment and Grosvenor, co-owner and asset manager of Liverpool ONE, announce plans for a 9,290 sq m active experience at the retail destination.

New Entertainment Center at Potsdamer Platz

Potsdamer Platz in Berlin will become an arcade game haven this summer. Gamestate will launch an entertainment center inside the Arkaden mall, which will open as a high-street venue after a two-year period of restructuring and modernizing.

URW Introduces Digital Art Center in Hamburg

Unibail-Rodamco-Westfield (URW) brings Culturespaces on board as the key partner for the mixed-use quarter's art, culture, and edutainment segment. With Port des Lumières, Culturespaces will open a branch of its digital art center in Westfield Hamburg-Überseequartier, which will cover an area of around 3,100 sq m.

3,252 sq m Leisure Concept Babylon Park signs for UK Debut

LabTech, owners of Camden Market (London), have announced the signing of a UK debut site for Babylon Park, a new family entertainment leisure concept, at Camden Market Hawley Wharf (shopping & dining destination).

New ‘food hall of the future’ at Potsdamer Platz in Berlin

Brookfield Properties has concluded a strategic deal with Manifesto Market to join the redesigned Potsdamer Platz in Berlin. Both were supported by ECE Marketplaces. Manifesto will operate a flagship food hub of 4,400 sq m.

Liverpool ONE welcomes coffee operator bean as permanent tenant

The retail-led, mixed-use complex in Liverpool's city center has added the coffee operator Bean. The brand has opened a permanent space on Manesty’s Lane having relocated from its pop-up on South John Street.

Studies & Reports MORE

Consumer’s Trends

What the Consumer Really Wants | Stay well informed on the issues of today and tomorrow!

Upcoming challenges for the Polish investment market

Avison Young reports on the property investment market in Poland after Q1 2022.

March 2022 Research

Stay well Informed about the issues of today and tomorrow!

Real estate investment market in Poland in 2021

The Polish investment market has quickly adjusted to the changes caused by the pandemic. The retail market is still spearheaded by retail parks, which have been increasingly popular among investors for the past three years.

Market Update: Turkish Retail Real Estate Market

The pandemic might be a topic causing fatigue for some, but the fluctuations and changes in the market are exciting to experience and full of positive developments. How have we survived this ever-changing world? What has changed, what can we learn? Let's look at the fast and exciting flow of 2021 in this overview of the Turkish retail real estate market.

Sustainability

Sustainability | Stay well informed on the issues of today and tomorrow!