Unibail-Rodamco-Westfield (URW) and CineStar are sending a strong signal at Westfield Centro and setting new standards for the cinema experience in Germany. Alongside the extension of the partnership, extensive modernization work will be carried out on the cinema complex.
Unibail-Rodamco-Westfield’s operating performance in Q1 was robust, with sales and footfall both presenting positive results, revealed the company’s Q1 update.
The time has finally come: the new giant shopping mall Westfield Hamburg Überseequartier has opened. The Mayor of Hamburg Peter Tschentscher, URW CEO Jean-Marie Tritant and Theda Juliane Mustroph, General Manager of Westfield Hamburg-Überseequartier, symbolically cut the ribbon. With the 100,000 sq m mall and a promising gastronomy and entertainment concept, URW wants to set new standards in Hamburg.
“Westfield Hamburg-Überseequartier could emerge as a refreshing beacon of culinary innovation and diversity”, states Will Odwarka, F&B-expert, founder and CEO of Heartatwork Hospitality Consulting and member of the ACROSS Advisory Board. He takes a close look at the recently announced differentiation of the F&B offering at Hamburg’s new shopping destination. With this diverse concept he is positive that Hamburg will be able to show the power of food to cultivate community spirit.
Westfield Hamburg-Überseequartier will become an extraordinary gastronomic hotspot: the mix of around 40 food & beverage concepts will enrich the offer in Hamburg and provide the local community and all visitors to the quarter with an extensive and differentiated selection of directions.
Westfield Shopping City Süd has a clear mission: The center, located on the border of the Austrian capital of Vienna, will continue to be transformed into a true destination that expands its expertise in terms of brands, gastronomy, and entertainment while striving for the highest sustainability goals. Zsolt Juhasz, General Manager of Westfield Shopping City Süd, and his team have recently taken significant steps. At the same time, however, they still see potential for development, particularly in the area of service. In an interview with ACROSS, he explains how modern shopping center development can work successfully and why the most critical task will be to attract customers to centers in the first place.
According to reports, investor and operator Unibail-Rodamco-Westfield is expected to officially announce the opening date of Westfield-Hamburg-Überseequartier already in the following days.
Unibail-Rodamco-Westfield (URW) is once again strengthening the attractiveness of the shopping and leisure destination in North Rhine-Westphalia: for this purpose, rental areas of anchor partners are being comprehensively expanded to establish flagship formats and, at the same time, new brands are being brought on board to further diversify the product range at the center. In this context, Westfield Centro is also announcing several market entries in Germany. A number of the new partners are also placing a particular focus on sustainability in their business model.
The MAPIC Awards, the industry’s competition celebrating excellence, innovation, and creativity in the commercial real estate sector, has announced the winners of its 2024 edition.
Although Ingka Centres is strongly rooted in Scandinavia, it understands consumers worldwide. The company continues to conquer markets in the USA, China, and India with new concepts. In this interview, Managing Director Cindy Andersen talks about Ingka Centres’ latest plans, where the company sees its future geographically, and where retail real estate is heading.
The ACROSS Advisory Board welcomes its newest members, Paul Douay, Managing Director, Asset Management, Central Europe at Unibail-Rodamco-Westfield, Jonathan Doughty, MD Viklari Consulting Ltd and Partner at Juniper Strategy and Roger Goyk, Director Retail at Brookfield Properties Germany GmbH.
As part of the strategic positioning and ongoing evolution of Palais Vest, Unibail-Rodamco-Westfield (URW) has further differentiated and upgraded the already attractive tenant and brand mix in time for the center’s 10th anniversary. Palais Vest is thus positioning itself even more strongly as a shopping and convenience hub with a high local supply character in Recklinghausen’s city center in Germany. In line with the leasing strategy, various modules have been established and new key partnerships concluded or significantly expanded.
Christian Zimmermann will join the IPH Group as Director starting November 1. In his new role, he will make a significant contribution to the strategic development of the company, open up new business areas and expand existing services such as specialty leasing, consulting, certifications and ESG.
Multi-brand menswear retailer ANSON’S is opening a new store covering around 2,600 square meters of rental area at Westfield Hamburg-Überseequartier in Hamburg’s HafenCity. A special highlight of the new ANSON’S store will be the highlight façade, which is over 100 meters long. The new anchor partner will further differentiate the brand and product mix and strengthen the fashion and lifestyle profile of the destination directly at river Elbe. The store is scheduled to open for the 2025 fall season.
In the 60th anniversary year, Unibail-Rodamco-Westfield (URW) is crowning the success story of one of the largest shopping and leisure destinations in Germany: Westfield Ruhr Park is the third destination in Germany to bear the internationally renowned Westfield brand name, alongside Westfield Centro in Oberhausen and the development project Westfield Hamburg Überseequartier.
URW has agreed to sell Pasing Arcaden, a 46,300 sq m shopping center and c. 7,000 sq m of offices and residential, to Ingka Centres, for a net disposal price of 388 million euros.
The Westfield Hamburg-Überseequartier shopping center is once again struggling with water damage. According to the fashion news portal FashionUnited, a few weeks ago there was an “isolated technical problem” in a “small section of the construction site”, causing rainwater to penetrate into “a few rental spaces”.
URW reports strong performance supported by increased tenant sales and footfall, dynamic leasing activity for retail and offices, and record C&E results.
Following the recent addition of 12 new tenants that will further differentiate the retail and lifestyle destination’s offering, the letting of office space at Westfield Hamburg-Überseequartier also continues to progress successfully. The Hamburg-based management consultancy WAYES, which focuses on restructuring, litigation, transactions, planning, interim management and tax consultancy, and Unibail-Rodamco-Westfield (URW) have signed a long-term office lease agreement.
In recent months, further brands have been brought on board that will further differentiate the retail and lifestyle destination’s offering. With the Grand Opening on October 17, the city of Hamburg will welcome a vibrant new destination in the heart of HafenCity – a place that dynamically combines retail, residential, office space and leisure attractions.
A water damage caused the grand opening of the Westfield Hamburg-Überseequartier in April to be postponed to summer short notice. Now the opening has been postponed again.
After the recent change in the center´s opening date to end of August, the opening of Westfield Hamburg-Überseequartier has to be pushed back once again.
As part of the strategic positioning of Höfe am Brühl and the associated constant further development of the asset, Unibail-Rodamco-Westfield (URW) Germany has continued to differentiate and upgrade the already attractive tenant and brand mix and positioned the center in Leipzig’s inner city even more strongly for the future.
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