Monthly Archives: June 2017

“Virtuality is a magnet word”

ACROSS: What characteristics does a modern, contemporary shopping center have? ÁRPÁD TÖRÖK: Nowadays, we speak much of “experience centers” rather than shopping centers—a place where entertainment, social life, and recreation must be provided in addition to shopping and in a … Continue reading

Focus on Visitors and their Comfort

The members of ACROSS’s Advisory Board mostly agree on what characteristics a contemporary mall must feature. Representing the 14-member expert panel, Joanna Fisher, Managing Director Center Management at ECE, commented: “A modern shopping center is much more than a place … Continue reading

Projects & Openings Europe

  Slovakia Eperia As the last regional city in Slovakia, Prešov will finally have its first modern shopping center. The opening of Eperia in the Sekčov neighborhood is planned for mid-November. J&T Real Estate is responsible for the project. Prešov’s … Continue reading


  BNP Paribas Guillaume Delattre From April 18, 2017, Guillaume Delattre will oversee investment, real estate sales, and asset management for BNP Paribas REIM France. He will report to Jacqueline Faisant, Chairwoman of the BNP Paribas REIM France Executive Board, … Continue reading

Projects & Openings International

  SOUTH KOREA | Lotte World Tower The world’s fifth-largest skyscraper opened in the South Korean capital Seoul on April 3: the 123-story Lotte World Tower in the southeastern district of Jamsil rises 555 meters. On the opening day, the Lotte … Continue reading

Tally 4.0

By Markus Wotruba Once the weekend comes around, we’ll see them: millions of people flocking into the shopping streets and centers of this country. Exactly how many there are is only measured very sporadically. And it is not only vendors … Continue reading

How Bricks-and-Mortar Centers Fight Back

By Nikolas Löhr When it’s possible to order any item you can think of to be shipped to you in less than two hours, purchasing something for the sake of it simply doesn’t have the same appeal. This means customers … Continue reading

Strong Annual Growth in Germany

This represents a massive increase (up by €2.3 billion or around 144%) in the volume invested compared to the same period in the previous year. The investment boom in the German retail real estate market has thus continued in 2017 … Continue reading

More purchasing power, more malls

Suning Holdings Group has opened its newest shopping center, Xuzhou Suning Plaza with 160,000 sq m GLA, in Xuzhou, Jiangsu Province, in East China through its subsidiary Suning Real Estate. This step should be seen against the backdrop of rising … Continue reading


By Gastón Gaitán Innovation is hard to define. It’s hard to say what it really represents, but you know it when you see and feel it, or when you touch its results. We are all about leisure innovation and I … Continue reading

No “One-Size Fits All” Optimum Solution

The global retail and leisure landscape is undergoing fundamental change—lasting and structural, driven by macro-demographic trends, technological advancements, and ever-evolving consumer expectations. The combination of these trends and expectations is having a huge impact on both the retail and foodservice … Continue reading

The Second-Hand Shopping Center

The resale of products opens new opportunities for retailers. This second-sale culture—part of the megatrend towards neo-ecology—is based on the idea of keeping articles in the trade cycle as long as possible—because buying and owning isn’t everything. According to the … Continue reading

From Digital to Physical

Fashion brands have led the way in transitioning from pureplay to omnichannel retail, accounting for 29.6% of all online retailers taking physical space in the United Kingdom to date, according to Savills. This is followed by the furniture and homeware … Continue reading

The Three Types of Shoppers

By Marcus Neumann In 1994, Amazon started off as a humble online bookstore. Just over 20 years later, the entire bricks-and-mortar retail industry is repositioning itself by trying to find the best way to interlink offline and online trading. The … Continue reading

MAS Heads for Bulgaria

On April 19, 2017, MAS Real Estate Inc., listed on the Johannesburg Stock Exchange (JSE) and Bourse de Luxembourg, announced the acquisition of two shopping malls in Bulgaria for €62 million. The malls were acquired from Globe Trade Centre S.A. … Continue reading


Located less than five minutes away from the city’s international airport, Prague The Style Outlets is set to become the largest outlet destination in the Czech Republic. The project is being carried out in two phases. “The initial phase of … Continue reading


This month, I am talking about pleasure. It is still very hard to imagine that you could have real pleasure in a shopping center, but you can! As we see the continued change from “just a shopping place” to a … Continue reading

Focusing urban crosspoints

ACROSS: Could you please give a short overview on Citycon? MARCEL KOKKEEL: Our portfolio is currently around €5 billion—double its size six years ago. This is in part because we have developed from a purely Finnish into a Nordic player. … Continue reading