CURRENT PROJECTS, TRENDS AND STRATEGIES OF DEVELOPERS
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
Dream Island will be Russia's first, and Europe’s largest, indoor theme park, with the first phase scheduled to open in the first quarter of 2020. Architects Chapman Taylor developed the masterplan for this project.
The third construction stage of designer outlets Wolfsburg was completed in October 2018. This shopping destination serves all those who work nearby, all visiting for the day, and everyone who just wants to enjoy a meal in a lively atmosphere with additional restaurant options like “Frittenwerk” or “Dean and David”.
Cracovia Outlet is set to become the only new fashion and lifestyle center in the Polish city. Peakside Capital and the KG Group have recently reached an agreement on this matter. ROS Retail Outlet Shopping has been appointed as the management company.
Altarea Cogedim’s Cap3000, which is located in the vicinity of Nice, is celebrating its 50th anniversary. The center has recently been expanded by 70,000 sq m, and a high-end area featuring 30 premium and luxury shops is due to open in 2020.
Multi Corporation and Linstow Center Management - new enlarged Alfa in Riga opened its doors. +++ Intu has been awarded a General “PGOU” License (Plan General de Ordenación Urbana) for its ground-up development intu Costa del Sol. +++ Flair shopping center in Fürth, Germany - Chapman Taylor was appointed to develop a new concept for the refurbishment and extension of the old “City Center” shopping center.
MVRDV’s Pixel, an 85,000-square-meter mixed-use development in Abu Dhabi, is now under construction +++ Lead8 has recently announced its appointment to Hongkong Land’s unveiled “Yorkville - The Ring” in Chongqing +++ Montreal will soon be home to Time Out Market +++ Grozny Mall will combine innovative architectural solutions and multifunctional infrastructure
With Planeta Perm, MallTech as developer and Sonae Sierra as designer, are set to unlock a shopping center experience with 83,000 sq m GLA and 185 stores.
Innovative projects are introduced at Mapic in Cannes every year. This is no different in 2019. Here are a selected few of them.
Zagreb’s city center shopping malls need to be transformed into the pseudo living rooms of the Croatian capital. Conversely, shopping centers located on the outskirts of Zagreb have to be developed into supraregional shopping and entertainment destinations.
Atrium European Real Estate’s strategy is to reposition its portfolio towards large, high quality dominant retail centers in prime urban locations and capital cities.
Green Belt and brownfield are well-known terms. The time for proper consideration of the Gray Belt has arrived. Review of the Gray Belt would give us an opportunity to re-appraise how we use our precious land – and it would give retail park owners the financial imperative to become curators of experience.
The development is the first venture in the United Kingdom by outlet operating company ROS Retail Outlet Shopping.
VIA Outlets has begun redesign work at the Vila do Conde Porto Fashion Outlet and has expanded Hede Fashion Outlet, near Gothenburg.
Parndorf Fashion Outlet and Freeport Fashion Outlet – both in the greater Vienna area – have been expanded and extensively refurbished, in the Art Nouveau style, over the last few years. This effort has resulted in double-digit growth. The next step, which centers around attractive displays and an experience element when shopping, is currently being taken.
Nivy Station is transforming Bratislava’s gateway into a stunning destination, emphasizes René Popik, CEO of HB Reavis Slovakia, in an interview with ACROSS.
Lead8 has recently unveiled its design for the Shanghai ITC mixed-use destination being developed by Sun Hung Kai Properties +++ Nakheel is investing AED 114 million in roads and bridges that will provide direct access to Al Khail Avenue in Dubai +++ Mitsui Fudosan has announced that work on Mitsui Shopping Park Nangang is progressing steadily +++ A new retail and entertainment scheme in the Egyptian capital of Cairo, which will be supported by the EBRD, will be environmentally friendly and create jobs for young people