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Development

CURRENT PROJECTS, TRENDS AND STRATEGIES OF DEVELOPERS

The retail trade is in a state of massive upheaval. The creative destruction unleashed by online commerce has brought in the next stage of evolution. What does this mean for commercial real estate?

Marcus Wild, CEO of Austria’s SES Spar European Shopping Centers, tells ACROSS about the company’s 10-year anniversary and why malls have long needed to be more than mere shopping destinations.

Germany, Erlangen Arcaden | Bosnia Herzegovina, Delta Planet | Italy, ESP | Poland, Galeria Emka | Sweden, Kulan | Finland, Niity | Germany, Rhein-Galerie Ludwigshafen | United Kingdom, Rushden Lakes

Eperia, Slovakia | Meadowhall, United Kingdom | Shopping Center on Kashirskoye Highway, Russia | Hoog Catharijne, Netherlands | Überseequartier, Germany | Tunsgate Quarter, United Kingdom | Kaufpark Eiche, Germany | Agora Budapest, Hungary

Xuzhou Suning Plaza recently opened its doors. The new shopping center reflects the growth of international retail in second- and third-tier Chinese cities.

For Marcel Kokkeel, CEO of Citycon, the future lies in the “perfect match” between commerce and communities.

The Freo Group is responsible for the Mall of Switzerland’s project development and marketing. In an interview with ACROSS, Nikolas Löhr, Director of Retail Marketing, explained what makes the shopping center special with respect to its leisure facilities.

A city center location is always more complicated, expensive, and time-consuming for new retail projects than an alternative on the periphery. Despite these hurdles, investors and developers have created projects across Europe that not only serve existing markets but are also catalysts for growing demand and transforming cities.

FRANCE Créteil Soleil | GERMANY Löhr-Center and PEP | ITALY Adigeo | POLAND Forum Gdańsk and Janki | RUSSIA Riviera | SERBIA Ada Mall | UNITED KINGDOM Eden Walk and The Glass Works

According to Marcin Materny, member of the management board and managing director of the retail department at Echo Investment, there is no potential for traditional shopping centers in Poland. The reason is that the time has come for focusing on spectacular projects like the company’s “Towarowa 22.”

Construction work recently began on the Salaris shopping center in Salaryevo in southwestern Moscow. The Russian capital is thus receiving one more enormous temple of consumption.

Why malls in and around train stations are attracting growing interest in the retail real estate industry.