Development

CURRENT PROJECTS, TRENDS AND STRATEGIES OF DEVELOPERS

NEINVER unveiled the new image of Las Rozas The Style Outlets, a well-established outlet centre in the northwest of Madrid and the first outlet ever developed in Spain. The €3 million refurbishment delivers a step-up in design, functionality and customer experience, while further reinforcing the appeal of the scheme for brands.

Unibail-Rodamco-Westfield (URW) announces the inauguration of the newly rebranded Westfield Černý Most shopping centre in Prague, including an extension that introduces new shopping, dining and entertainment experiences. With more than 30 new retail and restaurant offers and an expanded, next-generation cinema experience, the destination now spans approximately 94,100 sqm of GLA and 180 units.

A major expansion is underway at EUROPARK Salzburg, Austria’s leading shopping destination. Construction preparations began in October on the site currently occupied by the parking area between EUROPARK and the SPAR headquarters in Taxham. The new extension will be built above the existing underground garage, with structural work scheduled to start in January 2026 – all without any disruption to ongoing operations at the center.

At MAPIC 2025, NEINVER unveils a major evolution of Alpes The Style Outlets – its second outlet in France – redesigned to be more sustainable and to deliver a higher-quality experience for visitors and brand partners. The Spanish multinational, with three decades of European outlet expertise, also shares updates on its refurbishment and extension programme, which is accelerating across the portfolio.

The major development by NEPI Rockcastle, one of Europe’s industry leaders, is currently the CEE region’s largest retail project. The extension is underway and on schedule with an investmnet budget of approximately €300M and a grand opening planned for the first quarter of 2027.

Following the successful contract signing last year, ADVENTICA, the international operator of indoor family entertainment destinations, is set to open its first German location at Rhein-Ruhr Zentrum (RRZ). Spanning 3,600 m², the new facility will enter a multi-week soft-launch phase ahead of its grand opening on October 17, 2025.

ACROSS Magazine speaks with Giacomo Biraghi, co-founder of Stratosferica and one of the driving forces behind the Utopian Hours festival, a one-of-a-kind international gathering in Turin that reframes how cities are celebrated, studied, and shaped. In this interview, Biraghi discusses the ethos behind the event, its approach to urbanism, the evolving role of retail real estate, and how Turin is benefitting directly from this growing global platform.

Florentia Village Istanbul is Turkey’s first luxury designer outlet combined with a modern full price retail park creating a unique hybrid retail concept. Located next to Istanbul Airport, the outlet aims to set a new benchmark for retail, leisure and entertainment in the region through its scale, accessibility, attention to detail, service and innovative dual-concept structure.

“Das Gerber” in Stuttgart, Germany, stands for urban diversity, where retail, hotel, coworking, residential, doctors, daycare, leisure and gastronomy intertwine. The center’s transformation in the past years perfectly shows how strategic courage and partnership-based implementation can create an urban location with charisma.

Redevco is transforming the iconic 126 Rivoli in Paris into a vibrant 13,000 sq m mixed-use space. Located on one of Paris’s main shopping streets, Beats Per Minute (BPM) aims to be a modern urban development landmark, combining environmental and societal goals and revitalizing the city.

NEPI Rockcastle is investing around 300 million euros in a 55,000 sq m GLA mixed-use (retail, offices, hotel) extension of the Promenada Mall in Bucharest and refurbishment of the existing shopping center. This represents by far the largest retail development currently underway across all Central and Eastern European markets and is on schedule to be completed by the end of 2026/early-2027.

Malmö Designer Village is an upcoming premium outlet village in Löddeköpinge, Sweden, uniquely positioned to serve both Swedish and Danish markets. Now under the leadership of FREY Group (following the acquisition of the project from UK developer Rioja Estates in 2024), it marks FREY’s first outlet development and a significant expansion of its open-air retail portfolio. Over 3.8 million visitors within 90-minutes and 10+ million tourists fall within its reach, including the major population centers of southern Sweden and the Copenhagen metropolitan area. With all necessary planning permissions secured and no objections, construction began in mid-2024.