Development Archives - Page 2 of 17

THE SUCCESS STORY OF BEO SHOPPING CENTER: INSPIRATIONAL COMMUNITY CONCEPT

BEO Shopping Center is a best practice example of how to create a meaningful identity for a shopping center. What used to be a ruined factory has become a real community center and an award-winning shopping destination. Nemanja Bućinac, Retail Leasing Director MPC Properties, gives a unique overview of BEO Shopping Center.

Place of the week: The refurbished Quarree Wandsbek in Hamurg

For almost 35 years, Quarree has been the urban shopping center in Wandsbek, Hamburg’s most populous district. With the 40 million Euro refurbishment owner Union Investment created two years ago an urban center for the long term.

New retail experience: The enlarged Eurovea opens its doors

The enlarged Eurovea is now the largest shopping center in Slovakia. It offers a new retail experiece with lots of international brands entering the slovakian market. Shoppers can look forward to exciting new brands and innovative concepts.

Sonae Sierra is the most awarded company at the ECSP awards

Sonae Sierra received two awards and one commendation with: NorteShopping’s expansion – with Galleria and The CookBook -, Plaza Mayor’s transformation project, and the QUARREE Wandsbek refurbishment being the winners of the most prestigious European awards for Shopping Places.

Eurovea’s finishing touches before the ribbon cutting

Eurovea will soon become Slovakia’s largest and widest-ranging shopping center, with 320 shops, restaurants, bars, and cafes covering 85,000 sq m. Work is well advanced on the center and surrounding area to complete construction, approvals, and preparations for the grand May opening.

MIPIM Awards 2023 Winners Announced: Morland mixite capitale is best Mixed-use project

12 best development projects from around the world have been honoured in Cannes. Morland Mixite Capitale Paris, France won the award for the best mixed use development.

Prishtina Mall, Kosovo: The largest shopping center in Southeast Europe opens its doors, managed by Sonae Sierra

Sierra’s Property Management services were instrumental for the Kosovo center, which launches at an 81% occupancy rate.

MIPIM 2023: Best Mixed-Use Projects

Developers have increasingly turned their attention to mixed-use retail developments for their new construction projects and the redevelopment of urban areas. In the post-pandemic era, consumers are looking for diverse work, leisure, and shopping places. Mixed-use, therefore, is not a trend – it is the future of real estate. The following projects are the finalists in the mixed-use category of the MIPIM Awards.

Westfield Hamburg-Überseequartier: Mobility hub in a class of its own

Unibail-Rodamco-Westfield forces the mobility transformation by turning to soft mobility that promotes the use of sustainable, environmentally friendly, socially acceptable and low-accident modes of transport.

ECSP Design and Development Awards 2023 Finalists announced

ECSP announced the finalists of the Design and Development Awards 2023 at MAPIC 2023. The winners will be awarded in a ceremony in March 2023.

WHAT IS THE PRICE OF SUSTAINABILITY?

Brands have long understood the importance of presenting their sustainability credentials to consumers. Along with other policies, such as those relating to bullying in the workplace and mental health, sustainability plays an important part in a brand’s identity, and rightly so.

The most promising development projects

Despite all challenges, a lot is happening in the retail real estate industry and great projects are in the making. This is best illustrated by the entries for the MAPIC Awards 2022 category “Best performing Shopping Center”. They include assets such as shopping centers, outlets, and retail parks. They show innovation through new technologies, customer loyalty programs, retail mixes and architectural features which come together for the aim of increasing footfall, customer satisfaction, average spending and offering a unique experience in a new shopping destination. All these outstanding projects demonstrate the strength, innovation, and positivity of our industry.

The impact of war: Ukrainian retail real estate market in 2022

Ukrainian Council of Shopping Places, a member of the European Council of Shopping Places (ECSP), has published a report providing insights on how retail destinations are adapting to the war and the impact it is having on the market. This report, which is exclusive to ACROSS, calculates losses and damages suffered by the shopping centre industry, retail turnover losses and shows reopening plans for some shopping centres.

NEW MARKET REPORT OF TREI AND JLL ON RETAIL PARKS IN POLAND: THE MARKET SHOWS ITSELF TO BE STABLE IN THE CURRENT CRISIS

Trei Real Estate GmbH (Trei), together with Jones Lang LaSalle Poland (JLL), has published a new market report on “Retail parks and local shopping centers in Poland”. The key findings are: Within the overall retail segment, investor interest is focused on retail parks, local suppliers, hardware stores, and food markets.

NCSC WILL NOW BE KNOWN AS NORDIC COMMERCIAL SPACES & COMMUNITIES

NCSC members voted to approve a new name of the association. NCSC will now be known as Nordic Commercial Spaces & Communities.

Multi Corporation appointed property and asset manager for shopping center Central in Bratislava

Following a tender, Multi Corporation has been appointed property and asset manager for Central in Bratislava as of November 1. The shopping center, previously managed by Ece, in the capital of Slovakia, with 36,000 sq m of GLA, is owned by Allianz with the long-term strategic management overseen on its behalf by Allianz Real Estate.

HOLLYWOOD GLAMOUR COMES TO VIENNA: LAMARR OF THE KADEWE GROUP

LAMARR in Vienna’s Mariahilfer Straße 10–18 is set to become the fifth luxury department store of the KaDeWe Group alongside KaDeWe in Berlin, Alsterhaus in Hamburg, Oberpollinger in Munich, and Carsch Haus in Düsseldorf.

Multi Corporation completes 18 million Euro refurbishment of Allee Center in Budapest

Multi Corporation has completed the refurbishment of Allee Center in Budapest, enhancing the interior and exterior design, leading to an improved customer experience. The entire renovation cost amounted to almost 18 Euro million, including a significant investment in sustainability to pave the way to carbon neutrality

Development update: BRATISLAVA’S EUROVEA II heading to the finish line

The construction of Eurovea’s expansion is in full swing. The shopping mall will be opening in April 2023 in full size and in a new design. The project is a clear symbol and indicator for the ungoing mixed-use trend.

“Developers look for Game Changers”

Reify. is Sonae Sierra´s rebranding of its real estate expertise activity which reinforces its commitment to offering multidisciplinary services to investors and developers. ACROSS spoke with Jorge Morgadinho, Reify.’s Executive Director, about the first business year after the rebranding.

55,000 sq m mixed-use project Waterfront Genoa (IT) serviced by Nhood

Nhood Services Italy became a service provider for the urban transformation project of Waterfront di Levante, located in Genoa. Due to the special architectural solutions made by Renzo Piano, Waterfront can be described as a low environmental impact project for the city.

Masterplan for Mixed-Use Development of St. Enoch Center in Glasgow

Property developer and asset manager, Sovereign Centros, has submitted a planning application outlining its masterplan proposals for the reimagination of St. Enoch Center in Glasgow. The mixed-use development puts focus on retail, leisure, entertainment, hotel, offices, and city center living.

Iulius launches €500 Million Urban Regeneration Project in Romania

Iulius Group is launching a new investment in Cluj-Napoca: more than half a billion Euros for their urban regeneration project in Romania.

DI Group expands “Rathaus Center Pankow” for more than €12 million

Deutsche Immobilien-Gruppe (DI Group) is now investing more than €12 million in the expansion and renewal of its shopping center “Rathaus Center Pankow”. The extension will create about 2,100 sq m, 7% more space.

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Development

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