Monthly Archives: June 2015

Ankkurikadun Kiinteistöt Oy formed

The joint venture will own, manage, and develop store sites it acquires from, and which are primarily used by, Kesko Group. According to the framework agreement concerning the arrangement signed, Ankkurikadun Kiinteistöt will acquire 34 store sites and two shopping … Continue reading

Blackstone acquires three shopping centers

Blackstone acquired these malls through the acquisition of the shares of the CG Malls Europe Fund. Multi owns and manages 25 assets in Portugal and Spain. The new additions to the portfolio are: Almada Forum in Lisbon, one of the … Continue reading

Ikea Group acquires Ikano Retail Centers

Ikano Retail Centers’ business in Finland, Norway, and Sweden will complement Ikea Group’s existing shopping mall presence in Russia, Europe, and China. With this move, the group aims at creating future retail destinations by anchoring shopping centers with Ikea stores. … Continue reading

Italian disposal

The four objects are Le Due Valli and La Cittadella in the Piedmont region, Casetta Mattei in Rome, and Ibleo in Sicily. Pradera will act as the asset manager for the portfolio. Altarea Cogedim was advised by Giovanardi e Associati … Continue reading

CBRE sells Sarni Stok to Union Investment

New to the portfolio is the “Sarni Stok” shopping center, which opened in Bielsko-Biala in the Polish region of Silesia in 2001 and has over 73 retail units spread over a total area of approximately 31,243 sq m. The center … Continue reading

A trip through time. A pioneer recalls the early years.

ACROSS: How were things when you began at ECE? HEINRICH KRAFT: Werner Otto hired me as Head of Investments in mid-1972. In fact, however, my role was more to assist him as he began to build enclosed shopping centers in … Continue reading

A Pleasing Increase

Emerging markets, particularly in Asia, have continued to dominate the shopping center development pipeline, with over 39 million sq m under construction at the end of last year. China accounted for over 60% of the pipeline, with Russia, Turkey, and … Continue reading

The Aim: European Market Leadership

Founded in 1969, Neinver is one of the leading developers, investors and property managers in Europe. Its business revolves around the development, acquisition, leasing and management of a wide range of property products, including business parks, industrial parks and retail … Continue reading

”A very exciting experiment”

ACROSS: SES will operate Austria’s first managed shopping street in Seestadt Aspern in Vienna. What does that mean? MARCUS WILD: Allow me to give you the long version: As a group company within the Spar Austria Group, SES’s roots are … Continue reading

Focus on the customers – all of them

BY ALEXANDER OTTO Hasn’t it always been that way? Don’t we always try to explore exactly what our center’s customers want and then act on it? To a certain extent, of course we do. But in today’s fiercely competitive international … Continue reading

In the Park

What would you like? A shopping center or a retail park? When investors compile their shopping lists for commercial properties, their choice is increasingly the latter. As a result, retail parks accounted for approximately 43%, or €1.9 billion, of the … Continue reading

Energy audits for retail parks

MEC Metro-ECE Centermanagement GmbH & Co. KG is currently responsible for the management, including operation, leasing, and marketing, of 43 retail parks in Germany. Since mid-April, the company has offered energy audits for retail parks and shopping malls. With its … Continue reading

Turnover rents: Sales per customer instead of sales per square meter?

BY JÖRG F. BITZER Technology enables the customers of today rapidly to obtain masses of information, choose a product according to selection criteria such as price, and then buy it online. Omni-channeling was devised in response. Retailers want (and need … Continue reading


ACROSS: Decathlon is celebrating a milestone birthday next year, since the company was founded in France in 1976. What stages of development has it passed through since then? LUDGER NIEMANN: Decathlon launched its expansion abroad in 1986 and opened its … Continue reading

An outlet center for Wuppertal

Factory Outlet Centers (FOCs) are few and far between in Germany, unlike other retail properties. This is now set to change. The Clees Group recently presented its plans for FOC Wuppertal. Together with its future center manager, ROS Retail Outlet … Continue reading

Boutique luxury department store for Amsterdam

Last year, a group of Dutch entrepreneurs and financial investors agreed to establish a new, integrated boutique department store in Amsterdam called “Haussmann,” which will open in the second half of 2016. The initiative is based on the belief from … Continue reading

Investment in dominance, experience, and convenience

BY AILISH CHRISTIAN-WEST Our approach to dominance has been to acquire or develop dominant regional shopping centers located in, or close to, the most attractive cities in the United Kingdom. By shaping our presence in these locations, we can accommodate … Continue reading

“We want to increase the foreign share in our retail segment”

In early March, Union Investment secured a majority stake in the “Palladium” shopping center in Prague for the open-ended property fund UniImmo: Deutschland by purchasing shares in a property company. With a gross floor area of 115,000 sq m, of … Continue reading

Understanding Facebook

There has recently been a massive shift in how social media is used as part of a successful marketing strategy. These changes have also influenced the way retail and shopping center marketing make their strategies work. In Poland, both malls … Continue reading

Arabian showpiece

With an area of 25 sq km, Yas is one of the larger natural islands in Abu Dhabi after the main island. Aldar Properties fundamentally altered the flat plot of land with a $40-billion development project. It straightened coastlines, filled … Continue reading