CURRENT PROJECTS, TRENDS AND STRATEGIES OF DEVELOPERS
Retail, from purpose-built shopping centers through to traditional high streets, has been facing long-term challenges, even before Covid-19. And the shift from single to multiple format offers, or mixed-use, is becoming firmly established.
Has the decline in high street shopping brought about a new opportunity for flexible workspace operators to move into town centers and change the way we all work?
Shopping centers have been grappling with dwindling visitor numbers due to their online competition since before the coronavirus crisis. Now, many malls are facing an almost yawning emptiness. To ensure their survival, these shopping hotspots have to strike out in a new direction even faster than originally anticipated.
The shopping resort in Saint-Etienne with its about 70 shops and restaurant cannot open as planned due to the ongoing crisis.
New SES shopping center - on May 8, 2020 the brand-new shopping mall in Slovenia ALEJA opened its doors.
Construction of the first shopping and entertainment gallery in Żory - Galeria Wiślanka is underway. Construction works are carried out in accordance with the investment schedule. Activities related to the building's raw state have been completed. Currently, installation and finishing works are in progress inside the building. Soon it is planned to hand over the first premises to tenants. The opening of the Gallery is planned for the beginning of the fourth quarter of 2020.
When it reopens in spring 2022, the shopping centre Lippulaiva will offer much more than just shopping. The shopping centre will house a wide range of private and public services. One of the most significant public services will be the new Espoonlahti regional library.
The new opening date of the mall in Belgrade with its 43,000 sq m of GLA will be announced as soon as possible, according to Atterbury Europe.
Due to the Covid-19 pandemic AFI Europe, the largest shopping center project to be delivered this year in Romania will not be opened as planned.
Crompton Place shopping center in Bolton, Greater Manchester, is due to become “Bolton Victoria Square”. Chapman Taylor has been tasked with the architectural design of the regeneration masterplan.
In an interview with ACROSS, Dietmar Reindl, COO of IMMOFINANZ, talks about the Group’s retail property portfolio, why a uniform brand strategy is worth pursuing, and the criteria used to select new locations.
The Eurovea 2 project has recently received the green light for the construction of the Eurovea expansion, Eurovea Tower – the first skyscraper in Slovakia, Riverside Residence, the Pribinova X and Pribinova Y administrative buildings, as well as an underground parking garage. The mall expansion is scheduled to open later this year.
It will be managed by ROS Retail Outlet Shopping.
As every year, innovative developments are due to be presented in Cannes – many of which will feature a retail or placemaking component.
The industry’s magic word that is supposed to upgrade locations and make them future-proof.
Yurdaer Kahraman, CEO and Board Member of FİBA Commercial Properties and Member of the ACROSS Advisory Board, receives three to four purchase offers each month. He meticulously evaluates each offers.
Trei Real Estate recently celebrated its first topping-out ceremony for overbuild, a single-story supermarket in Berlin. Overbuilding measures for retail properties are generally on the rise.
The small Austrian village of Parndorf is known all over the world, from the UK to China. The outlet location’s rapid development staggers Parndorf’s residents and consumers alike. But what will the future hold?
Set to open in August 2020, Line Investments & Property LLC has introduced Forsan Central Mall as an all-in-one shopping, dining, and entertainment destination designed around the concept of a bamboo forest that features a relaxing “garden in the city” ambience +++ The official opening of American Dream in East Rutherford, New Jersey took place on October 25, 2019 +++ The Marrakchi style of living is due to be celebrated via the opening of M Avenue: In the heart of the city, a new space for immersive and multi-sensory experiences will be created. A 500-meter open-air shopping area will be comprised of more than 120 stores
October 17, 2019 marked the opening of YIT’s major project, which is comprised of Mall of Tripla +++ Commercial center Promenada Sibiu, owned by investment fund Nepi Rockcastle, opened its doors on November 14, 2019 +++ On November 28, 2019, Klépierre inaugurated the extension of Créteil Soleil in Créteil in the Ile-de-France region +++ Hamburg’s redos Group and Münster’s project developer HLG recently submitted their first building application for the revitalization of the Rhein-Ruhr Zentrum (RRZ) in Mühlheim an der Ruhr +++ At the end of October 2019, Immobiliare Grande Distribuzione SIIQ S.p.A. (IGD) opened a restyled mall in the Casilino in Rome