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THE LATEST PLACEMAKING NEWS

Pipera Plaza retail Park, Bucharest, Romania. /// credit: Narrative

Mitiska REIM sells 25 Romanian retail parks to LCP

Mitiska REIM has announced that following the successful completion of its value creation program, it has completed the sale of 25 retail parks in Romania to LCP Group for 219 million euros. This sale is one of the largest retail real estate transactions in Romania and more than doubles the original investment over an average holding period of 5 years for investors in the FRI and FRI 2 funds which owned the assets.

credit: URW + moka-studio

“WHAT WE’RE BUILDING IS A NEW PART OF THE CITY”

The grand opening of Westfield Hamburg-Überseequartier in Hamburg, scheduled to take place in spring 2024, will mark the completion of Unibail-Rodamco Westfield’s (URW) largest inner-city development project. In an interview with ACROSS, Andreas Hohlmann, Managing Director Austria & Germany, talks about the role of retail and lifestyle destinations in modern society, the five trends that must be observed, and why size matters.

credit:loewe

Loewe opens first store in Norway

LOEWE is one of the largest luxury companies in the world. Craftsmanship, progress and unsurpassed expertise in handling leather are the cornerstones of LOEWE, which has a 170-year history.

Christmas magic at EUROPARK. /// credit: evatrifft

Wintry start to the Christmas shopping season 

It’s a good and atmospheric start to the pre-Christmas business: that much can be said after the first Advent weekend and a high-turnover Black Week in the previous week. Center operator SES and store owners are entering the coming weeks in an optimistic mood.

credit: iwc schaffhausen

World’s largest IWC store opens in Amsterdam

The recently opened flagship store at P.C. Hooftstraat 132-13 showcases the company’s new brand identity and is a collaboration with the Dutch watch retailer Schaap en Citroen Juweliers. The brand’s largest store worldwide offers customers a brand experience back to its origins.

Our Strength is the Mix

For a long time, the footwear market was one of the driving forces in the retail sector. Recently, however, hardly any other segment has seen as many insolvencies. However, where there are losers, there are always winners as well. In 2023, Deichmann is planning to make the highest corporate investment in its history – 500 million euros – and is investing in around 200 new locations worldwide.

credit: PRCH Retail Awards

36 Awards at the 14th Edition of PRCH Retail Awards

At the 14th PRCH Retail Awards, the jury members awarded a total of 36 awards. This included eight gold statuettes and 27 silver statuettes, in 20 business, strategy and marketing categories. In addition, the strategic jury awarded a special prize for a project that stands out thanks to its innovative approach, setting trends in the industry.

credit: S. CHAMPEAUX / IMAGE&CO

MAPIC 2023 Award Winners: Honoring excellence, innovation and creativity in the retail real estate sector

This year’s MAPIC Awards honored winners across thirteen core categories, in addition to the People’s Choice categories and the winners of the MAPIC Academy—MAPIC’s inaugural start-up incubator sponsored by Nhood. The Awards reward exceptional retail brand performance and development, the latest cutting-edge solutions in sustainability and innovation, and the most recent real estate projects and redevelopments.

Food Garden design at Main-Taunus-Zentrum, Sulzbach, Germany. /// credit: ECE Group

Start of construction and 90 percent occupancy rate for new “Food Garden” in the Main-Taunus-Zentrum

Start of construction and strong letting success for the new “Food Garden” in the Main-Taunus-Zentrum: In November, construction work began on the new highlight in the middle of the shopping center – a high-quality and varied range of restaurants with five free-standing restaurant buildings, partly covered and partly open terraces, green outdoor areas and sophisticated architecture. The opening is planned for spring 2025.

Zadig&Voltaire at Batavia Fashion Outlet. /// credit: VIA Outlets

VIA Outlets Sees Strong Leasing Demand with New and Existing Brand Partners Through 2023 as Fashion Brands Gravitate Towards Stellar Performing Outlet Centers

VIA Outlets has seen a surge in the pace of leasing activity across its pan-European portfolio through 2023. New and existing premium brand partners continue to open stores or increase their GLA with upsizes, bucking the challenging market conditions experienced in much of the full-price retail segment. Brands are following customer footfall and gravitating towards the strong sales outperformance offered by the outlet center format.

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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