ACROSS | The European Retail Real Estate Magazine

Development

Largest Shopping and Leisure Center in Central Switzerland Opens

Image: Manuel Lopez/PPR/Mall-of-Switzerland

Freo Financial & Real Estate Operations Gmbh, a pan-European investment manager and developer, is the company behind the “Mall of Switzerland” near Lucerne, with a total area of 65,000 sq m.

Freo celebrated the opening of the “Mall of Switzerland” (MOS) north of Lucerne on November 8, 2017. Over 1,000 invited guests, from the fields of politics, business, and tourism, enjoyed the autumnal temperatures.

Before it was transferred to Halter AG in 2014, the site was owned by the elevator manufacturer Schindler and its former partner Nüesch Development AG. Halter still has an interest in MOS as its general contractor. The capital was provided by Abu Dhabi’s sovereign wealth fund. Freo Switzerland AG acted as developer for the project.

In addition to the overall concept, it was responsible for managing the tenant mix. “We are proud to have brought a forward-looking concept like MOS to fruition in only three years. It combines lifestyle, leisure, and shopping in a unique way,” commented Bernd Hofer, CEO of Freo Switzerland AG.

Following its completion, MOS, which has a total area of 65,000 sq m, is now the largest shopping and leisure destination in the heart of Switzerland. The ground-breaking concept combines a mix of shops and cafe/restaurant operations with leisure and sports facilities, a “Kinderland” for children, a 12-screen multiplex cinema with one of the largest IMAX screens, and Switzerland’s first indoor surfing wave, which will be open for business from spring 2018.

Pop-up stores to test the mall

In addition to names like H&M, Bershka, and Mango, the retail tenants include Adidas (with its only flagship store in Switzerland), Footlocker, and Swarowski. The international fashion labels Hunkemöller, Stefanel, and Sketchers are represented here for the first time in Switzerland.

Pop-up stores will give a few tenants the opportunity to test the mall and the location. The car company Tesla and coffee producer Nespresso have already taken advantage of this option.

The cafe/restaurant offer includes not only established operators, like McDonald’s and the Migros restaurant, but also new concepts including Papazziano, Sweet Life, and Wonderwaffel. A gym and wellness club measuring over 2,000 sq m provides the opportunity to train and relax.

MOS’s architecture was designed by Bern-based architects Burckhardt+Partner AG. The mall’s branding and interior design, which includes the so-called “jumping” facades that enable each tenant to create its own facade design, evocative of a city-center shopping street, were created by the Dusseldorf architects Schwitzke & Partner.

 

Development

THREE RETAIL REAL ESTATE TRENDS THAT WILL CONTINUE TO DOMINATE IN 2018

What does the future of shopping look like? Dirk Hünerbein, Senior Project Partner and Head of Retail at Drees & Sommer, reflects on central trends in the retail real estate industry.

PROJECT EXHIBITION ON THE CÔTE D’AZUR

Mipim is here again! This year, the who-is-who of the global real estate industry comes together in Cannes, France from March 13 to 16. Innovative retail properties as well as projects with retail components are presented at this trade fair–and we selected some of them here for you.

WHERE THE MANY PEOPLE MEET IN SOUTHERN PORTUGAL

On October 26, IKEA Centres opened MAR Shopping Algarve, their second shopping center in Portugal, a vibrant meeting place, designed to surprise.

Retail park Liptovský Mikuláš: H&M is the anchor tenant

The Austrian company Soravia is developing the retail park Liptovský Mikuláš in central Slovakia. The opening is scheduled for September 2018.

“We don’t want to rush with the leasing”

Belgrade’s Ada Mall will open its doors at the end of 2018. In an interview with ACROSS, Arn Willems, Managing Director Croatia at GTC, responsible for overseeing the leasing of Ada Mall, explains the relevance of the optimal tenant mix.

PROJECTS & OPENINGS EUROPE

Bispevika in Norway, Eperia in Slovakia, Loom and Wilmersdorfer Arcaden in Germany, Vialia and Palmas Altas in Spain, CityLife Shopping District in Italy, Meadowhall in the United Kingdom.