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Linstow expanded Ülemiste shopping centre by 13,000 sq m of shopping and entertainment space, with most of the additional floorspace taken up by entertainment and food and beverage services.
For owners and managers of traditional retail-led assets, one of today’s biggest challenges is maintaining high levels of visitation in a fast changing, more omnichannel world. So, what strategies can we implement that really move the dial on footfall?
Recruitments, promotions and appointments in the European Retail Real Estate Industry.
MPC Properties is currently investing 250 million euros in new development projects, all located in Belgrade, the capital of Serbia: office buildings Ušće Tower Two, Navigator Business Center 2 and BEO Shopping Center, which openings are planned for 2020. These three investments are in total more than 221,000 sq m of GBA.
The Hudson Yards neighborhood officially opened to the public on March 15, 2019, marking a historic moment in the city of New York. +++ Following an investment of 52 million euros, Jardín Plaza Cúcuta opened its doors to the public on February 27, 2019 as the city’s largest shopping center. +++ TCC Assets Co., Ltd. and Frasers Property Limited jointly intend to develop 16.7 hectares, in the heart of Bangkok, into a “must-visit” destination city district. +++ Set in the heart of Shanghai’s financial district, L+ Mall will be situated close to Shanghai Tower
Multi Germany GmbH, part of Multi Corporation, manages Shopping Plaza in Garbsen, Vechte Arkaden in Nordhorn, and City Rondell in Schwenningen as of June 1, 2019.
“Critics doubt that it really reflects the performance of shopping centers.”
GranRoma in Italy, StadtGalerie Velbert in Germany, Galeria Mlociny Poland, and Ada Mall in Serbia: Various retail properties across Europe opened within just a few days.
Supernova, the Graz-based real estate investor, has taken over 10 shopping centers comprising more than 120,000 sq m of leasable area from Mercator in Slovenia. The 116.6-million-euro sales agreement was signed in October 2018; on February 13, 2019, ownership was transferred to Supernova. Managing Director Markus Pinggera intends to carry out refurbishment work on all centers.
John Riordan, Managing Director of MK Illumination Ireland, reports how the right lighting and décor has helped Mahon Point Shopping Center in Cork (Ireland) create a festive atmosphere since 2008.
GfK study on key retail indicators: 2018 review and 2019 forecast
Schultheiss Quartier is a shopping center in the Moabit district of Berlin.
Sonae Sierra’s financial and operational results in 2018 reveal its solid performance and the successful implementation of its strategy. Likewise, the company has demonstrated its capacity to creating shared value by addressing sustainability issues while getting good financial results.
Hanningtons Lane has opened to the public and visitors are able to walk down Brighton’s newest Lane for the very first time. Redevco and its main contractor Westridge have been working hard on the creation of the city’s new retail and cultural quarter for two years and retailers are now starting to move in and fit our their stores.
The Catalan capital is always worth a visit – especially on April 10 and April 11, 2019. On these two days, the ICSC welcomed its guests at the European Conference & Exhibition. The event’s motto was “Space, Place and the Future of Retail.”
Otto Ambagtsheer, the COO of VIA Outlets, also joined the ICSC European Conference & Exhibition in the Catalan capital. In his interview with ACROSS, he talks – among other things – about the company’s current remodeling projects.
The paradigm shift in the retail and retail real estate industry were the key issues at this year’s ICSC European Conference in Barcelona. The industry’s big players adapt their business models to bind current and future customers even closer to stationary retail. Ingka Centres, formerly IKEA Centres, emphasizes new “meeting place” concepts in the hearts of cities as well as increased manpower.
In Barcelona, the ICSC once again selected the most outstanding new refurbished and established shopping centers in Europe.
This is how Annelie Gullström of AMF Fastigheter describes The Lobby in Stockholm. She explained this new retail format at the game-changers session.
Joint owners of centre:mk, Hermes Investment Management and AustralianSuper, have announced that international fashion retailer, Primark, has officially opened its highly anticipated 75,000 sq ft store within centre:mk.