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May 17, 2015

If it is true that a shopping center has to be a distinctive brand, then it needs the right Christmas decoration. “Never from the catalog, never off the shelf” is First Christmas’s motto. The decoration specialist therefore produces no catalogs, instead featuring a large design department with interior designers, lighting designers, and set builders.

Some developers consider commercialisation as part of the leasing activity although commercial leasing per definition means the longer term rental contracting of leasable premises which are defined as GLA of a commercial asset.
Commercialisation (or Speciality Leasing) however, specifically focuses on generating income from non-GLA areas and for shorter periods, typically within twelve months.

At the start of each year, the members of the Coverpoint Team, part of the JLL Group, put their heads together and spend time identifying and classifying the most important foodservice trends for the next five years.

First of all, I would like to take the opportunity to mark the occasion of Coverpoint’s purchase by JLL in November 2014. For the first time in 21 years, I will have a “boss” and while it is still very fresh, the whole team is having fun and looking forward to the future.

With Christmasworld’s Premium Business Program, participants are treated to a shopping tour of Frankfurt am Main.

The Italian company Cogest Retail manages Tower Center Rijeka in Croatia. In an interview with ACROSS, CEO Carmen Chieregato talks about the daily business and tells us about the upcoming refurbishment.

As the year 2014 draws to a close, we have seen an unprecedented number of new foodservice locations opening in existing shopping centers. Some of these have taken existing spaces already used for food and beverage and refurbished it significantly, while other projects have taken released retail space and converted its use to foodservice to improve the guest experience.

The Austrian company Immofinanz Group has completed another retail project in Poland: the Tarasy Zamkowe mall opened in Lublin on March 4, 2015. Its lettable area of 38,000 sq m gives it room for shopping, entertainment, recreation, and leisure activities with a balanced tenant and range mix. The investment amounted to approximately €115 million.

Redevco recently celebrated the completed restoration of the Antwerp Inno building. The monumental department store was built in 1901 and has now been restored to its former glory.

Markthal in Rotterdam received the 2015 award for the Best Shopping Center at this year’s MIPIM. The developer, Provast, is rightly overjoyed.

With 230,000 sq m of GLA, Avia Park in Moscow is one of the largest shopping centers in Europe. AMMA Development is responsible for the project.

The city in southern France is undergoing a cultural and urban renaissance. Klépierre is betting on the seaside metropolis with Prado shopping center. Galeries Lafayette will be one of the anchor tenants.

ECE opened the Milaneo mall in the new European quarter of Baden-Württemberg’s capital on October 9 – half a year earlier than planned.

One of Galeria Metropolia’s construction elements in Gdansk has already reached the target height of the whole building and installation – a full year and a half before the planned opening. Two levels of the gallery’s northeastern wing are already visible, as is the roof, which will serve as the parking lot for the customers.

A few weeks ago, Ikea Russia presented its plans for the coming years at an open house tenant day in Moscow. ACROSS listened in on the presentation and spoke afterwards with Ikea Russia’s chief Armin Michaely about the Russian market and the shopping center of the future.

Ikea plans to invest around €2 billion in Russia in the coming years. Mega Mytischi, northeast of Moscow, is a landmark.

Karl Reinitzhuber, head of the mfi management für immobilien AG in Germany, explains in an interview with ACROSS what has changed since France’s Unibail-Rodamco purchased a majority stake in mfi and accelerated the expansion of the shopping center portfolio.