CURRENT PROJECTS, TRENDS AND STRATEGIES OF DEVELOPERS
The department store is in crisis. European department store chains close one store after the other. If the format wants to survive it needs to reinvent itself completely.
It was only five years ago that VIA Outlets was launched. In an interview with ACROSS, COO Otto Ambagtsheer talks about consolidating the current portfolio of 11 assets, expanding the Fashion Club loyalty program, and debuting hot local brands like BALR. and Nikkie.
Neinver has announced that it has taken over the management of Silesia Outlet located in Silesia, Poland. The outlet center is currently being developed in the city of Gliwice. The investor is 6B47.
Birmingham City Council has recently announced Lendlease as its development partner to deliver the transformation of the 17-hectare Birmingham Smithfield site.
Ingka Centres ramps up investment in China with new mixed-use projects. This will cost the company €2 billion.
Once again, real estate developments will be presented and advertised in Cannes this year. Many of them will feature retail space. Here is an overview of this year’s event.
SevenCapital is developing North Star Village in Swindon. The Shopping & Leisure Project includes one of the United Kingdom's largest ski and snow centers.
New shopping center projects in Europe have been scarce in recent years. The Unibail-Rodamco-Westfield Group has bucked this trend and is currently developing “Oskar”, an inner-city shopping center in Osnabrück, Germany.
Built in the 1970s, the shopping mall WEZ – Das weststeirische Einkaufszentrum in Bärnbach near Graz is an example of the first generation of malls in Austria.
Dietmar Reindl, COO of IMMOFINANZ, gives an interview regarding the road to becoming Europe's leading retail park operator and the challenge of online retailing”.
Following its completion just a few months ago, Soravia is expanding its Retail Park Liptovský Mikuláš location in Slovakia. The potential for exciting fashion concepts is tremendous.
Neinver continues to strengthen its position around Europe with two new projects in Amsterdam and the French Alps region.
East Finland Real Estate recently celebrated the opening of Zsar Outlet Village in Vaalimaa, Finland.
The first phase of Icon Outlet at The O2, a 19,000 sq m urban outlet developed by AEG and Crosstree Real Estate Partners, opened on October 20, 2018.
CBRE, the exclusive consultant of the second phase of the new “Ordzhonikidze 11” discount center, has recently announced 90% occupancy.
Since November 15, 2018, Thessaly has had its own outlet, Fashion City Outlet, in the city of Larissa in Greece.
Groupe Idec Invest, the property investment company of Groupe Idec, recently announced the opening of Viaduc Village, its first outlet project, for summer 2019.
VIA Outlets is continuing the transformation of its portfolio across Europe. An expansion and remodeling program of €29 million, focusing on three outlets in Sweden, Spain, and Poland, began last autumn to help increase the overall guest experience and better position the outlets as premium shopping destinations across Europe.
Scalo Milano Outlet & More, the city outlet situated 15 minutes from Milan’s center, covers a surface area of 30,000 sq m and will soon be expanded to approximately 35,000 sq m in order to accommodate an additional 25 stores.
Atrium has been extremely active in Warsaw over the past few months. CEO Liad Barzilai intends to further optimize the portfolio in the city.