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Kraków still has great potential for investors. The offer of modern retail space in the Kraków agglomeration remains at a moderate level. KG Group, the developer from Kraków, is executing its flagship project on one of the last large commercial plots in the city – the Cracovia Outlet center, which is being built as part of a mixed-use facility.
Not every development is successful in the booming outlet center market. This is particularly true if the projects were not developed by one of the Big 3 in the outlet center industry. The necessary outlet-specific expertise is underestimated by many developers who are attracted by and wish to benefit from the theoretically high leasing levels in the outlet asset class.
Seventeen years have already passed: In 2001, a small outlet center was built in the Upper Franconian town of Selb in the former manufacturing halls of the long-established Heinrich porcelain factory. The new Outlet Center Selb is currently under construction there.
Good accessibility is one of the main criteria for the success of a center. There is a lot of catching up to do in the digital sector.
Concarus Real Estate Invest GmbH (Berlin), part of the May & Porth Group (Lüneburg/Itzehoe), has bought the Bahnhofs-Center shopping-center in Gelsenkirchen, Germany.
On September 14, Kiev held rewarding ceremony of the Ukrainian National Prize, Retail & Development Business Awards. Once again, the Ocean Plaza mall won in the nomination «Best large SEC». Experts evaluated more than 10 shopping centers operating in Kiev, Odessa, Kharkov, Dnipro and Lviv.
Lombardy is the richest Italian region, with a population that accounts for up to 10 million inhabitants, which is comparable to the total population of some European countries.
Klépierre is hosting the first public event #ActForGood, the name of its new CSR (Corporate Social Responsibility) policy, in six of its centers.
Christine Hager, Managing Director / Head of Shopping Center Asset Management at the Hamburg-based redos Group is the new chair of the German Council of Shopping Centers e.V. (GCSC).
The retail experts of CMde CENTERMANAGER and IMMOBILIEN GmbH announce important leasing successes: In the Lechland Center in Landsberg am Lech (about 50 km west of Munich, about 29,000 inhabitants), they have concluded rental agreements for their client, CMC Capital Ltd, with Expert ( approx. 2,200 sq m), depot (approx. 540 sq m), Woolworth (approx. 1,200 sq m) and Subway (123 sq m).
The Spitzkrug Multi Center in Frankfurt (Oder) begins an extensive refurbishment at the start of August: Mall and entrances will receive a modern look with fresh colours and a new light concept. The quality of stay in the outdoor area will be improved.
Mint Investments successfully completed the acquisition of the shopping center Breda & Weinstein from Avestus Capital Partners in June 2018.
Real estate consultancy Cushman & Wakefield Spain is introducing the Infinity digital platform, developed exclusively with the proptech giant Boostcom and based on its technology "The Mall Performance Cloud", with the aim of deeply knowing the behavior and consumption habits of shopping center visitors in Spain and improving their shopping experience.
The retail experts of CMde Centermanager und Immobilien GmbH have once again recorded a leasing success: they have managed to distribute a textile department store with approx. 3,600 sq m in the district town of Neuwied (Rhineland-Palatinate, approx. 65,000 inhabitants) for the client, Dusar GbR, on four floors, to the Sinn GmbH (formerly SinnLeffers) for rent. The lease was completed for 5 years.
HSH Nordbank will provide EQT Real Estate with part of the finance to acquire the Allee Center neighbourhood shopping mall in the Leipzig district of Grünau in Germany.
Eurovea confirms its high street fashion status with a new autumn campaign, whose face is Victoria's Secret Angel Cindy Bruna.
LPP, one of Poland's largest fashion retailers, is set to open its first Slovenian RESERVED brand store on more than 1,700 sq m at Citycenter Celje at the beginning of September 2018.
“Oskar” on Osnabrück Neumarkt is scheduled to open at the end of 2020. A total of around 130 million euros will be invested into the new building.