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ACROSS

February 20, 2024

Reserved at Westfield Stratford City, London. /// credit: Reserved

RESERVED opens flagship store at Westfield Centro

RESERVED is continuing its flagship store expansion and will open a store at Westfield Centro in mid-2025. As part of LPP SA, one of the fastest growing fashion companies in Europe, RESERVED is pursuing the goal of being represented in the most important shopping centers in Germany.

Left to right: Promenade Mall, Bucharest, Romania; Promenada Plovdiv, Bulgaria; Bonarka City Center Mall, Kraków, Poland; Ploiesti Shopping City, Romania. /// credit: NEPI Rockcastle

NEPI Rockcastle: Ambitious Development And Refurbishment Investment Pipeline

NEPI Rockcastle, Europe’s third-largest listed retail real estate company and the biggest owner and operator of shopping centers across CEE markets by value, is to invest around 600 million Euro in its development and asset refurbishment pipeline to meet strong demand from retailers aiming to tap into the region’s increasingly affluent consumer base.

Euphoria, a new dawn, or more of the same? – The investors’ view on the placemaking industry in 2024 /// ACROSS RETAIL TALK: MARCH 20TH 2024, 4 PM (CET), ONLINE/ZOOM

2024 could become another relatively quiet year for transactions. However, the prospect of more moderate interest rates means several players are much more optimistic about the future. Others still see a real turnaround a long way off. How do investors view the placemaking industry in 2024: Is there a light at the end of the tunnel or is there a freight train coming your way?

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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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