Advertisement
Advertisement

PROJECTS, TRENDS AND STRATEGIES

After the two shopping center openings in the Serbian capital, the focus shifts slightly to secondary cities and the wider Belgrade region, putting retail parks in the spotlight.

Urbanization is a global mega-trend. Therefore, urban regeneration projects have become increasingly relevant. However, one has to consider quite a few things along the journey toward a successful mixed-used scheme. The most successful projects will be those that incorporates work, life, shop, play, and access to services at inner-city locations.

Shopping centers have been facing a growing number of challenges in the last few years, with many retailers failing to adapt quickly enough to competition from online retail platforms and changing customer habits that reflect new priorities and expectations. Chapman Taylor Group Board Director Jon Hale and Prague Studio Director Filip Pokorny examine how malls in CEE must adapt so that they can flourish in the coming years.

East Gate Mall in Skopje, North Macedonia, which features approximately 250 retail units, is scheduled to open its doors in fall 2021. Balfin Group Albania is responsible for the project.

LATEST TRENDS IN ASSET AND CENTER MANAGEMENT

BIG was founded in 1994. The company made a name for itself through the development and operation of shopping centers and retail parks, mainly in Serbia and the neighboring countries. The company is now – expanding, and on its way to becoming a European player. The Publisher of ACROSS Magazine, Reinhard Winiwarter in conversation with CEO of BIG Shopping Centers, Hay Galis:

Sustainable certification and rating systems are very common by now. But how much do we really know about these certifications, and how do they apply to sustainable buildings? Safe Asset Group came up with a comprehensive overview on certificates.

Sonae Sierra rencently started a new chapter in management and strategy. In line with this the company has now launched a new image and positioning, illustrating the company’s new strategic cycle.

DEVELOPMENTS AND TRENDS IN THE OUTLET INDUSTRY

Wuppertal, a city of around 350,000 inhabitants, is getting an outlet center. It will be the largest in Germany. The investment amounts to €120 million.

A new breed of outlet shopping malls is emerging. Outlets that no longer sit on the periphery of city life but exist at the heart of an urban development complementing retail parks, shopping centers, and high streets alike. For example the London Designer Outlet.

Southern France will soon have a new shopping destination. Viaduc Village, developed by Etche France Group, will welcome customers from the beginning of 2016.

Neinver has obtained ISO 50001 certification from TÜV Rheinland for all its shopping and outlet centers. The company is the first European business in the retail real estate sector to have an energy management system that complies with the internationally recognized standards of the International Organization for Standardization (ISO).

STRATEGIES OF RETAILERS

The ALEXA shopping and leisure center in Berlin-Mitte can look back on an extremely positive 2024. The center, which is owned by Union Investment and managed by Sonae Sierra, was able to further expand its position as one of the most attractive retail locations in Germany with 17 new leases and 18 lease extensions and was named Germany’s best inner-city center. Further optimizations are planned for 2025.

RETAIL TECHNOLOGY

PLANS OF INVESTORS AND OWNERS

In a new research report, TH Real Estate provides a summary of the European retail property market and explores the opportunities that the sector offers investors across the UK and the Continent.

Miguel Pereda, Board Member of Lar España, announced new transactions over the upcoming months in an interview with ACROSS. The Spanish company intends to invest more than €1 billion before the end of this year.

WHERE THE INDUSTRY MEETS