December 10, 2020

Asset Management Directors Diederik Bakker and Harold van Riel and their asset management teams work closely together at Multi Corporation. This major pan-European retail service platform manages and redevelops retail properties across 14 countries in Europe and Turkey. How do they maintain sustainable asset value in a health crisis such as the current Covid-19 pandemic?

Shopping centers have been facing a growing number of challenges in the last few years, with many retailers failing to adapt quickly enough to competition from online retail platforms and changing customer habits that reflect new priorities and expectations. Chapman Taylor Group Board Director Jon Hale and Prague Studio Director Filip Pokorny examine how malls in CEE must adapt so that they can flourish in the coming years.

Landlords have assets at their disposal that e-commerce lacks. That allows for a unique mix of services and experience under a single, local roof, says Markus Porvari, Founder of HyperIn and Member of the ACROSS Advisory Board.

East Gate Mall in Skopje, North Macedonia, which features approximately 250 retail units, is scheduled to open its doors in fall 2021. Balfin Group Albania is responsible for the project.

Redevco has recently completed an extensive refurbishment of its C&A store in the city center of Zurich. The redevelopment has transformed it into an energy-efficient property, incorporating the clothing retailer’s latest design concept. Redevco is targeting a BREEAM In-Use Excellent sustainability rating.

As a result of the pandemic, Mipim took place later than usual this year. However, awards were presented, as usual. The award for “Best Mixed-use Project” went to Monopolis, which is owned by Polish company Virako.

Colosseum Mall will host next year two KFC restaurants. One of the two locations is going to be a Drive-Thru restaurant with over 300 sq m, while the other one will be a « fast food » restaurant within Colosseum Mall’s food court, with a surface of more than 150 sq m.

The First Store by ALEXA retail competition, initiated by the popular ALEXA shopping centre on Berlin’s Alexanderplatz, is being launched for the third time – and with an entirely new concept. After two editions as an open competition, it will be now run in cooperation with Deutsche POP.

At Vienna’s Westbahnhof station, a unique and sustainable IKEA store has been growing skywards since 2019. New construction progress is recorded almost daily – as is the roof levelling work scheduled for the end of 2020, which has now been completed on schedule despite corona.

LabTech, owner of Camden Market, and London’s first eco market, Buck Street Market, has announced the launch of its latest initiative, Camden Market’s Big Winter Thank You. This Christmas, LabTech has focused its financial resources on thanking the community, customers, and retailers for their ongoing support during the pandemic.

The tenant mix in Galeria Awangarda (Bartoszyce, Poland) is reinforced by well-known international brands. For instance, Rossmann (Europe’s largest retail chain of make-up, household goods, foodstuffs) and Pepco (a chain of discounted clothing and household goods) have signed lease agreements for five years and will occupy areas of 440 sq m and 540 sq m, respectively. The opening of Rossmann store is scheduled for February 2021. Pepco’s – during the second half of the next year.

With a focus on providing the community with a relevant and essential offering, Sloane Stanley are pleased to announce that Farm Fetch, a food boutique with the soul of the farmers market, will be opening their first concept store at 259 King’s Road. In addition, independent luxury chocolate brand, Melt Chocolates, has opened a pop-up kitchen at 340 King’s Road.

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