CURRENT PROJECTS, TRENDS AND STRATEGIES OF DEVELOPERS
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.
Ingka Centres, formerly IKEA Centres, unveils a major new strategic vision that will see it invest €5.8 bn over the next three years – and sets off for the Indian subcontinent.
Prešov’s EPERIA Shopping Mall has enjoyed a successful first year. This modern regional shopping center with 21 970 sq m of rentable space in the Sekčov suburb’s retail zone has become the market-leading shopping destination in Prešov.
Cyprus’s ambitious shopping, leisure, and dining development opened its doors on November 21, 2018, revealing an extraordinary space that has been designed to please.
SPAIN: Finestrelles | POLAND: Vis à Vis Wilanów | FRANCE: Nice Lingostière | GERMANY: OEZ | RUSSIA: Rublyovo-Arkhangelskoye Smart City | GERMANY: Gropius Passagen | SERBIA: IPM | HUNGARY: New Campona | ITALY: COM Caselle Open Mall | GERMANY: Erlangen Arcaden
Equilis has opened the Shopping Center Finestrelles in Barcelona. The open-air shopping destination was designed by the Dutch architectural company TconcepT and it is covered by three iconic pergolas.
Al Farwaniya Property Developments has recently shared the tenant line-up for its super-regional Reem Mall project in Abu Dhabi. +++ Benoy has announced its second project with Hong Kong China Travel Service (HKCTS) – Ningbo If Mall. +++ Macerich and Simon have announced the formation of a 50/50 joint venture to create Los Angeles Premium Outlets. +++ The construction of the KWG M Cube, a 40,000-square-meter shopping center designed by MVRDV, has recently been completed.
Almost simultaneously with ACROSS, Europe's largest shopping center celebrates a decade of operation. Westfield London reveals how shopping habits have transformed in the British capital over the last 10 years.
From the outbreak of the financial crisis until 2016, hardly any new shopping center openings occurred in Spain and Portugal, reports Francisco Cavaleiro de Ferreira, Managing Director of Multi in Iberia. Now, the markets have recovered.
The shopping hotspot in the United Arab Emirates is one of the world’s biggest shopping centers with its total sales area of 350,000 sq m.
ECE LEISURE SPECIAL
... innovative retail real estate projects and refurbishments are unveiled at Mapic in Cannes. These are just a few examples.
SPAIN: Inmobiliaria Espacio has appointed UK retail and leisure agency Lunson Mitchenall to drive forward the next phase of retail and leisure leasing at Caleido in Madrid. The Torre Sevilla shopping center opened its doors to the public. | SWEDEN: Mölndal Galleria opened in the Greater Gothenburg Area. | GERMANY: After three years of renovation, Helio, with its 38,000 sq m, opened its doors in Augsburg. Ernst-August-Galerie in Hanover will be modernized, redesigned, and expanded. Prelios Immobilien Management has presented a comprehensive concept for the redesign of the Galerie Neustädter Tor in Gießen, Hesse.
The rebranding does not change anything for tenants and customers, emphasizes Managing Director Gerard Groener.
TconcepT was founded in The Hague five years ago and is already active in 15 countries, as General Manager Frank van Dongen reports.
Mitsui Fudosan Co. announced the grand opening of Mitsui Outlet Park Taichung Port, central Taiwan’s largest outlet mall, on December 12, 2018. | Palladium in Umuarama (Brazil) will bring greater comfort, development, and leisure to a market that has the largest consumption potential in the region. | Simon Premium Outlets announced the opening of Denver Premium Outlets (USA).
The German Ruhr region is regarded as the largest catchment area in Europe – even ahead of the metropolitan areas of London and Paris. In that region – specifically in Mülheim – Rhein-Ruhr Zentrum, which opened in 1973, is now undergoing a 200-million-euro modernization.
Edinburgh St James is set to revolutionize retail within the Scottish capital.