News

Unibail-Rodamco-Westfield (URW) announces the inauguration of the newly rebranded Westfield Černý Most shopping centre in Prague, including an extension that introduces new shopping, dining and entertainment experiences. With more than 30 new retail and restaurant offers and an expanded, next-generation cinema experience, the destination now spans approximately 94,100 sqm of GLA and 180 units.

A major expansion is underway at EUROPARK Salzburg, Austria’s leading shopping destination. Construction preparations began in October on the site currently occupied by the parking area between EUROPARK and the SPAR headquarters in Taxham. The new extension will be built above the existing underground garage, with structural work scheduled to start in January 2026 – all without any disruption to ongoing operations at the center.

The retail destination MILLENNIUM City is expanding its brand offering with the addition of TK Maxx. The new store, opened on November 6, brings another international retailer to the urban mixed-use center and reinforces its position as a versatile hub for shopping and leisure in Vienna.

A special honor for Alexander Otto, CEO of the ECE Group: at this year’s MAPIC trade fair, Otto received the MAPIC Lifetime Award as a “Pioneer of Places” in recognition of his exceptional achievements and outstanding contribution to shaping and advancing the shopping center industry over the past three decades.

Unibail-Rodamco-Westfield (URW) has been awarded two times at MAPIC 2025, Europe’s most prestigious retail real estate show, held each year in Cannes, France. Westfield Hamburg-Überseequartier won Best Urban Regeneration Project and Westfield London was named the Most Influential Retail Property Project of the past 30 years.

At MAPIC 2025, NEINVER unveils a major evolution of Alpes The Style Outlets – its second outlet in France – redesigned to be more sustainable and to deliver a higher-quality experience for visitors and brand partners. The Spanish multinational, with three decades of European outlet expertise, also shares updates on its refurbishment and extension programme, which is accelerating across the portfolio.

The largest single-asset retail transaction of the year in Poland has been finalized, as Echo Investment sells Libero shopping center to Summus Capital, an Estonian-based investment company. The value of the deal amounts to €103 million.

VIA Outlets has successfully placed €500 million of senior unsecured fixed-rate green bonds due 2032. The issuance attracted strong demand from institutional investors resulting in a €1.8+ billion orderbook and an oversubscription of 3.6x. The bonds carry a seven-year maturity and a fixed annual coupon of 3.5%.

Futureal, the owner of the Etele Plaza shopping and entertainment centre, has agreed with a consortium of three banks to refinance its existing loans and provide a new credit facility. The pan-European property developer has signed a €165 million loan agreement with a consortium comprising Erste Bank Hungary Zrt., Erste Group Bank AG and UniCredit Bank Hungary Zrt.

A surprise move in the retail sector: Austria’s Leder & Schuh AG, best known for its flagship brand Humanic, has been sold to the Slovenian investment firm Advance Capital Partners. Despite the change in ownership, the company’s headquarters for its 210 stores and 1,700 employees will remain in Graz, Austria.

IPH Group is continuing to expand its growth trajectory in the field of center management. Key to this are two new mandates as well as the long-term extension of three existing ones. As a result, the number of shopping centers managed by IPH will increase to 22 by the beginning of 2026.

Berlin’s largest shopping centre, Gropius Passagen has just been acquired by Hayfin from Nuveen and Unibail-Rodamco-Westfield. The centre is a highly important retail destination in Neukölln, Berlin, Germany, with an approximately 95.000 sqm lettable space, around 150 tenants.

Internationally renowned top chef Thomas Bühner is opening a new dining concept at Westfield Hamburg-Überseequartier – right on the waterfront with a view of the river Elbe. Unlike his restaurants in Düsseldorf and Taipei, the focus in Hamburg is not on fine dining, but on a modern, cosmopolitan all-day dining and bar experience that emphasizes accessibility and joie de vivre.
With this step, Bühner is consciously opening a new chapter – straightforward, inspiring and with international spirit. The opening is planned for the first half of 2026. Further details on the concept will follow – but one thing is already clear: Hamburg can look forward to a new culinary narrative.