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ACROSS

August 28, 2023

On August 22, the first Pepco branch opened in an MEC center in Weisseritz Park Freital. /// credit: MEC

MEC leases 90,500 sq m in the first half of 2023

MEC again increased its rental performance compared to the already strong prior-year period. The contractual partners include Woolworth, Ernstings Family, Takko, C&A, Media Markt, Kaufland, Deichmann, Aldi, Rossmann, Kik and alltours.

“Look at tomorrow’s opportunities instead of today’s problems.”

While the mood in Central and Western Europe’s retail sector is dominated by “gray clouds”, center developers and operators from the SEE and CEE regions are in a completely different situation. In an interview with ACROSS Publisher Reinhard Winiwarter, Rüdiger Dany, CEO of NEPI Rockcastle, explains his 700 million development pipeline, how NEPI is profiting from ESG, and in which regard the West can learn something from the East.

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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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