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Development

CURRENT PROJECTS, TRENDS AND STRATEGIES OF DEVELOPERS

Strong interest from retailers and customers’ positive views of outlets mean a bright future for Russia’s outlet centers. There is potential to launch 25 to 30 new projects in the next 10 to 15 years.

Austria’s SCS was recently declared a 4-star shopping center. 20 of Unibail-Rodamco’s 73 malls now boast this certification related to quality of stay and service.

The economic recovery in Europe and the consistent expansion of its services business provides the Portuguese shopping center specialist Sonae Sierra with good figures.

Today’s level of professionalism in the shopping center industry is impressive. It wasn’t always that way. From 1974 to 2000, Heinrich Kraft was CEO of ECE. In an interview with ACROSS, the center professional recalls his beginnings and what problems pioneers had to battle with.

SES Spar European Shopping Centers will operate Austria’s first managed shopping street in Seestadt Aspern in a joint venture with the City of Vienna, CEO Marcus Wild explains in an interview with ACROSS.

Why more and more investors want retail parks in their portfolios and why this special property type is so alluring.

The Minto shopping center in Mönchengladbach is already a success story. Its presentation as the “Home of Indulgence” counts: Just one month after opening, mfi/Unibail-Rodamco recorded one million visitors.

The Austrian company Immofinanz Group has completed another retail project in Poland: the Tarasy Zamkowe mall opened in Lublin on March 4, 2015. Its lettable area of 38,000 sq m gives it room for shopping, entertainment, recreation, and leisure activities with a balanced tenant and range mix. The investment amounted to approximately €115 million.

Redevco recently celebrated the completed restoration of the Antwerp Inno building. The monumental department store was built in 1901 and has now been restored to its former glory.

Markthal in Rotterdam received the 2015 award for the Best Shopping Center at this year’s MIPIM. The developer, Provast, is rightly overjoyed.

With 230,000 sq m of GLA, Avia Park in Moscow is one of the largest shopping centers in Europe. AMMA Development is responsible for the project.

The city in southern France is undergoing a cultural and urban renaissance. Klépierre is betting on the seaside metropolis with Prado shopping center. Galeries Lafayette will be one of the anchor tenants.

ECE opened the Milaneo mall in the new European quarter of Baden-Württemberg’s capital on October 9 – half a year earlier than planned.

One of Galeria Metropolia’s construction elements in Gdansk has already reached the target height of the whole building and installation – a full year and a half before the planned opening. Two levels of the gallery’s northeastern wing are already visible, as is the roof, which will serve as the parking lot for the customers.

A few weeks ago, Ikea Russia presented its plans for the coming years at an open house tenant day in Moscow. ACROSS listened in on the presentation and spoke afterwards with Ikea Russia’s chief Armin Michaely about the Russian market and the shopping center of the future.

Ikea plans to invest around €2 billion in Russia in the coming years. Mega Mytischi, northeast of Moscow, is a landmark.

Karl Reinitzhuber, head of the mfi management für immobilien AG in Germany, explains in an interview with ACROSS what has changed since France’s Unibail-Rodamco purchased a majority stake in mfi and accelerated the expansion of the shopping center portfolio.

More exquisite, spectacular, and sophisticated: the projects presented by the top players at MAPIC.