Monthly Archives: May 2020

Ingka Centres re-opens its Meeting Places in Italy

Of Ingka Centres 45 Meeting Places that were open before COVID-19 restrictions, only Russia’s 14 MEGA branded malls, two malls in Portugal, one in Spain, and one in the UK remain closed, meaning well over half of the company’s shopping … Continue reading

Estonia’s largest shopping center Ülemiste expects stability by autumn

In the first week after reopening, Ülemiste had 20 percent fewer visitors than usual but many shops achieved sales revenues equivalent to multiple “normal weeks”. “The customers themselves have changed. While they used to come to a shopping center to … Continue reading


Europe’s consumers remain anxious due to the crisis situation that is still ongoing. Even though those responsible in the retail industry take any means necessary to enable secure and smooth consumption, the actions to fight Covid-19 seem like tilting at … Continue reading

Creating magnetic customer appeal and next-generation anchors

By Derek Rossel and Sam Sethi The harsh reality of this pandemic is that after we move through a recovery period, the relative power of traditional anchors and the right mix and balance of center components will have changed forever. … Continue reading

IMMOFINANZ with strong 18% increase in results of operations in Q1 2020, negative valuation results due to Covid-19

“We started the year with a strong operational base and were able to benefit from our high-quality portfolio expansion. The Covid-19 crisis slowed this growth beginning in mid-March, but we are working steadily to master these challenges. By now, 79% … Continue reading

Eurocommercial Properties: Encouraging post lockdown footfall data

In accordance with the gradual end of lockdowns, the majority of stores were allowed to reopen in France and Belgium on 11 May and in Italy on 18 May. As a result all of Eurocommercial’s shopping centres are now open with only … Continue reading

Designer Outlets Wolfsburg with new shops

Center Manager Michael Ernst is clearly happy with the latest new openings: “We are always talking with exciting brands. Therefore, I am very glad that we can welcome new stores, especially in these times.” Sunglass Hut has just moved in … Continue reading

Construction of Flair Galerie well under way in Fürth, Germany

Two inconspicuous street entrances have been demolished and will be replaced by modern buildings. The building has been stripped to the core and the mall layout has been reorganised with new generous voids between all retail levels to improve cross-floor … Continue reading

Over PLN 100,000 from Mohito to help hospitals in Kraków

Just three weeks after the announcement of the action, the company donated over PLN 100,000 to help medical facilities. The funds will be used to purchase equipment and protective measures necessary in the fight against the coronavirus epidemic. As part … Continue reading

David Atkins decided to step down as chief executive of Hammerson

David Atkins said: “It has been a privilege to have led Hammerson for over ten years and I am proud of the many achievements and the incredible colleagues I have worked with. The current environment, exacerbated by the impact of … Continue reading

Mercato Metropolitano moves into the Potsdamer Platz Arkaden in Berlin as a new anchor tenant

“I am glad that with Mercato Metropolitano, we have been able to partner with a young, innovative company to develop a stylish, urban and sustainable community market concept that fits in perfectly with the Berlin culture and way of life. … Continue reading

Klépierre has reopened 80% of European malls and expects to hit 90% within 10 days

Since early May, restrictive measures to contain the spread of Covid-19 have been progressively eased in all countries where Klépierre operates leading to a gradual reopening of its malls. Recently 86% of the Group’s malls are open, representing 80% of … Continue reading

Covid-19 crisis: Now what? Do we have a solution?

The arguments of all negotiating parties are exchanged and the respective associations support the “ping-pong of arguments” with expert opinions and position statements. This is not an individual problem of specific contractual partners anymore. The discussion about lease payments in … Continue reading

EBRD supports expansion of Ukraine’s Fozzy Group

Meanwhile, domestic food producers, including small and medium-sized enterprises, which supply Fozzy Group with groceries, will also benefit from new business opportunities generated by the new stores under the popular Silpo and Fora brands that the group operates. The Bank’s … Continue reading

Vastned announces strategy update

Vastned’s present strategy was started in early 2017, focusing the high street strategy more explicitly on growing the high street assets in Amsterdam, Antwerp, Paris and Madrid. Normally, the company strategy would be updated next year. Vastned has been indicating … Continue reading

Westbridge renews the energy supply for the shopping centre “Passage Corridor“ in Veenendaal

The operating cost specialist succeeded in saving the owner more thanEUR 11’000 over the next 30 months from the start of supply on May 1, 2020. The 31 electricity and 19 natural gas supply points in the shopping centre consume an … Continue reading

More courage, more creativity

By Susanne Osadnik Resilience. This term has never been used as often before as right now. Derived from the Latin word that generally means “to bounce off”, it stands for the ability to develop a certain tolerance for blows of … Continue reading

How to reopen your shopping centres. User guide

THE FOUR MAIN TAKEAWAYS Post-COVID shoppers are attracted by a different retail mix, wth a focus on homeware and well-being brands and products. Within these shoppers, there are four main segments emerging from the COVID situation. How you attract and … Continue reading

Stricter financing conditions for retail properties

By Richard Haimann Due to the loss of rental income in the coronavirus pandemic, banks are tightening their conditions for financing retail properties and shopping centers or are withdrawing from business altogether. “In general, it can be assumed that financing … Continue reading

SES Now Operates Five Large-scale Shopping Centers in Slovenia

The center was completed in March, but, as a result of the COVID-19 pandemic, the originally planned opening date had to be postponed. The first shops with focus on local supply opened at the beginning of May, and the entire … Continue reading