Bill Kistler, ICSC Executive Vice President & Managing Director EMEA; Peter Wilhelm, ICSC European Chairman; Joanna Fisher, ECE Managing Director Center Management; Tom McGee, ICSC President & CEO; Valerie Richardson, ICSC Chairman & Vice President; Lars Richter, Chairman of the ICSC Jury (f.l.t.r.) Image: ICSC, ECE
Ticker

ICSC awards: Adigeo Verona “Best New Development” at European Shopping Center Awards | Recognition for refurbishment of PEP Munich

Major success for Adigeo in Verona: During its annual European conference, the International Council of Shopping Centers (ICSC) has presented the ECE shopping center with the “European Shopping-Center Award 2019”.

The new shopping destination in Verona, Italy, received the coveted award by winning the “New Development” category, thereby outclassing major competitors. An additional recognition in the “refurbishment” category was provided to PEP Munich shopping center for its successful repositioning and modernization.

“We are very pleased to receive the award and the recognition for the two centers as they confirm the quality of our work,” said a happy Joanna Fisher, ECE Managing Director Center Management. “We are especially happy that Adigeo contributed to further developing and strengthening the surrounding Verona neighborhood. Enlarging the center space already during the construction phase shows the interest of both retailers and the people of Verona.”

Adigeo Verona, awarded “Best New Development”, is one of the largest and most modern inner-city shopping centers in Italy. In its jury statement, the ICSC emphasized the center’s impressive architecture, its modern and innovative approach, and its overall concept based on sustainability principles. The center was opened in 2017, boasts a leasable area of 47,000 sq m, and accommodates 130 specialist stores. 25,000 customers come to the center every day. Adigeo also scores points in terms of sustainability: It is the first ever shopping center in Italy to receive a Platinum LEED Certification. It is part of the “ECE Prime European Shopping Centre Fund II” managed by ECE Real Estate Partners.

Adigeo Verona. Image: ECE

Recognition for refurbishment of PEP Munich

In addition to the award, PEP Munich was recognized for its modernization, repositioning, and extension to the value of 85 million euros which were initiated by nuveen and conducted by ECE. ECE and nuveen have comprehensively strengthened PEP: Footfall and the length of stay of the customers have increased by approximately 20 percent since the completion of the modernization.

Today, the catchment area comprises a million more inhabitants than before. The repositioning, which was completed in May 2018, included a comprehensive modernization of the existing mall, an extension of the sales area by 8,000 sq m, a reworked marketing and service concept with a modern atmosphere, contemporary customer services, and an improved quality of stay. Furthermore, a completely new ceiling design, an attractive lighting concept, and new, highquality seating, and an indoor playground were added to the existing parts of the center. Now, PEP accommodates 135 specialist stores on three floors and is the largest shopping center in Bavaria boasting a leasable area of 60,000 sq m.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

PingProperties has sold the Eudokiaplein shopping and health centre in Rotterdam

The Eudokiaplein shopping and health centre situated in Rotterdam-Noord, consisting of an office complex and a shopping centre, has been sold by PingProperties, on behalf of one of the companies under management, to the Pension Fund for the Metals and Electrical Engineering Sector (PME).

Icon Outlet celebrates a record-setting August

Icon Outlet has revealed it experienced a record-setting August across three key metrics compared to the same month in 2019. Sales increased by 24%, average transaction value grew by 11%, and footfall rose by 10% versus the same benchmarks in August 2019.

Citycon resolved on the long-term incentive plan for the new CFO

The Board of Directors of Citycon Oyj has approved a new Restricted Share Plan 2021—2024 for the Citycon´s incoming CFO, Bret McLeod who will commence his appointment as CFO on 1 January 2022.

Tommy Hilfiger to triple footprint in London Designer Outlet

London Designer Outlet has welcomed a number of new brands since the start of the pandemic

Westfield Centro continues strengthening its leisure and entertainment offering

In November 2021, the Dutch arcade game operator Gamestate will open its first branch in Germany in Westfield Centro on an area of over 700 square meters. Over 45 arcade stations will then enable visitors to prove their skills at the latest virtual arcade products or popular gaming classics. Gamestate is another highlight in the center's leisure and entertainment segment and once again demonstrates the international appeal of the location.

Edutainment Concept and Strategies at FİBA Commercial Properties

FİBA Commercial Properties continues to follow up the trends in all their global investments in China, Romania, Moldova and Turkey in terms of sustainable future projects.