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Retail

STRATEGIES AND EXPANSION PLANS OF RETAILERS

“Making luxury accessible to a broader audience is a successful business strategy today,” says Orsolya Hegedüs, partner at Deloitte Austria. In an interview with ACROSS, she explains why luxury is so crisis-resistant, why the segment is growing, and why brands must adapt to a new generation of consumers.

Fiba Commercial Properties, who undertook the leasing and asset management of the shopping mall DownTown Bursa Life and Entertainment Center, has welcomed its visitors with exclusive brands for the first time in the famous city of Bursa. Fiba CP further enriches the region with its grand opening, showcasing nearly 200 brands that span both local and global markets, adding significant value to the area.

With their baumhouse projects, Dietmar Reindl and Alexander Rössler want to combine retail locations and housing sustainably and affordably. They define affordable with rents 20% below the market level. They are planning high-quality, sustainably designed residential complexes above retail buildings. Furthermore, they explain to ACROSS what their motivation is, what social change they would like to help shape, and, above all, where the added value for investors lies.

Created in 1996, the MAPIC Awards reward excellence, innovation and creativity in the retail real estate industry, celebrating the industry’s most useful, sustainable and visionary projects.

Following André Maeder’s move to Selfridges in London, three new members were appointed to the Management Board: Michael Peterseim (CEO), Timo Weber as Chief Retail Officer (CRO) and Simone Heift Chief as Merchandising Officer (CMO).

Following its latest recognitions such as ‘Great Retail Company’ and ‘TripAdvisor Traveler’s Choice 2023’, La Torre Outlet Zaragoza continues to build on the momentum of its latest achievements.

Portland is working with Saudi Arabia real estate developer Cenomi Centers on its “Mall of
The Future” strategy. At the heart of the project is a fundamental shift in perspective,
where the conventional role of the mall will be re-thought and transformed into a multipurpose, experience-driven lifestyle destination.

VIA Outlets officially opened the 4,000 sq m extension to its Sevilla Fashion Outlet yesterday, culminating a 30-million-euro project to modernize and evolve the center since its acquisition in 2016. With the recent extension, a 17-million-euro investment that includes a spectacular glass-covered gallery, Sevilla Fashion Outlet now offers 20,000 sq m of prime commercial space.

Following the establishment of a branch in Basel, plans for a market entry in Switzerland are intensifying, for which the former Head of Real Estate at Denner, Alexandre Du Pasquier, is responsible.

Ingka Centres is set to launch its newest Hej!Workstation coworking space in its Avion Shopping Park in Bratislava, a smaller version of the already successful and thriving Hej!Workshop concept. Opening its doors on November 2nd, the space in Bratislava’s Avion will open on the 1st floor, offering workplaces that can be booked for free.