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ACROSS

January 16, 2024

Rendering of the entrance area of the new Dreieich Nordpark. /// credit: MEC

MEC rents 172,000 sq m of total space in 2023

MEC has achieved a new rental record: The retail real estate specialist and national market leader for the operation of specialist retail centers was able to conclude over 258 new and follow-up rental agreements with a total area of 172,000 sq m in the past financial year.

Westfield-Hamburg-Überseequartier. /// credit: moka-studio, URW

Opening of Westfield Hamburg-Überseequartier on April 25, 2024: Letting rate for retail, dining and leisure area now at almost 90 percent

Unibail-Rodamco-Westfield (URW) announces the grand opening date of April 25, 2024 for the mixed-use quarter in Hamburg’s HafenCity. This will mark the peak of the project development and give the city of Hamburg a new vibrant location in the heart of HafenCity – a new piece of the city that dynamically combines all aspects of life such as living, working and leisure.

Will’s F&B Insights: The Inconvenient Truth of Customer Satisfaction and Memorable Experiences in Retail Spaces

It is a complex task to ensure project profitability. There is a struggle between doing what is right and what is reasonable. As an expert in the world F&B development Will Odwarka, founder and CEO of Dubai-based firm Heartatwork Hospitality Consulting, states in his newest column: “However, in an ever-growing and competitive landscape, it is crucial to establish distinguishing factors that are recognizable and embrace them wholeheartedly.”

credit:wormland

Wormland has filed for insolvency

The men’s fashion chain Wormland operates twelve stores throughout Germany and employs around 400 people. The process is due to be completed in summer 2024.

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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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