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ACROSS

2015

Ukraine’s Retail Real Estate – Survival Strategy

Unsurprisingly, project development in the country has been interrupted. But in Kiev alone, about 20 malls with around 1 million sq m of GLA are currently at various stages of completion, possibly opening in 2017-2018, according to UTG.

It’s time to check out Spain!

The Spanish economy seems to be recovering. Nowadays, the country enjoys growth forecast at 3.1% according to the IMF, and consumer confidence is increasing in view of the latest public data. Many things have improved, but it is necessary to continue working on reducing unemployment rates and on making family spending growth possible.

Christmas for individualists

Festive Christmas decorations and shopping centers are now inseparable. The creation of highly emotionally charged habitats adapted to the respective mall is central to the philosophy of First Christmas. A matter of views.

Strengthening the industry’s voice

In an interview with ACROSS, John Coyne, the new Chief Executive of the British Council of Shopping Centers (BCSC), argues decisively for the relaxation of Sunday trading laws in the United Kingdom. His aim in general is for the industry to be even better heard by the government.

Concentrating its presence in countries

Many retailers do not have retail parks on their radar. The concentration principle Immofinanz is following with its Stop.Shop. chain will change all that. Nicolas Fernandez de Retana, the new Director Asset Management Retail Europe, explains how it works.

Downtown Mall Opens in Upper Austria

By opening architecturally outward, the Weberzeile fuses with downtown Ried. Total integration is the new shopping center’s motto. Patios, windows, and balconies provide communication between the users and the environment.

How an airplane raises visitor frequency

theleisureway is dedicated to the creation of leisure experiences in shopping centers. A case study carried out by the Spanish company shows how it optimizes malls’ leisure offers for children and raises visitor numbers.

Another Riviera

There are many shopping centers named Riviera. Another not-too-small one – with approximately 100,000 sq m of GLA – will open next spring in Moscow.

Movement on Mölndal Galleria in Sweden

The groundbreaking for the new Mölndal Galleria and the transformation of Mölndal’s city center took place on 27 August in a ceremony held on the construction site. The event was jointly organized by Citycon, NCC, Riksbyggen, and MölndalsBostäder, the four companies investing in the scheme.

Growth in an unstable summer in Portugal

When historians one day do a detached and objective analysis of the events that are taking place in Europe during this summer, they will certainly highlight the negative connotation of a multitude of occurrences already called the “perfect storm.”

Foodservice trends, disruption and chaos

Honestly, I don’t want to scare you. I enjoy writing this contribution for ACROSS magazine very much and I hope that some of the information and background that I provide on the foodservice market is useful, helps to guide you in your decisions, and provides some new direction on your projects.

Transport hub with a new shopping dimension

The Istanbul New Airport is set to become the largest of its kind worldwide. Its opening is planned for the end of 2018. Around 53,000 sq m of retail space will sweeten passengers’ stays there.

“Viewed globally, we’re focusing on Asia”

According to Tanja Nedwig, Marketing & Communications Director of Cross Jeans, the denim market is benefitting from the current oversupply. It makes the market interesting, since differences can and must be underscored. In an interview with ACROSS, she explains that the company also plans to expand into Scandinavia, the UK, and Asia.

Small and mid-sized projects continue

A look at Lithuania: According to the “Real Estate Market Report 2015 – Baltic States” by Ober-Haus, not a single large shopping center has opened its doors in Vilnius in the last five years. Developers are trying to exploit attractive locations by offering small and medium-size malls, however.

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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