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ACROSS
Union Investment reorganises management teams in its real estate fund management companies
Union Investment Real Estate GmbH has announced a key leadership change, appointing Karim Esch to the company’s management board effective July 1. At the same time, Kirsten Ludwig will join the executive team of Union Investment Institutional Property GmbH, taking over Esch’s responsibilities in fund management for both open- and closed-end real estate funds.
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M Core Expands Romanian Retail Portfolio with Over €150 Million in Strategic Investments Over Six Months
Romania’s retail park owner M Core has reinforced its market leadership through a series of high-impact acquisitions and developments within the past six months. With over €150 million deployed in Romania year-to-date, the company has successfully acquired Focșani Shopping Centre from KBC, Suceava Shopping City, and seven retail parks from property investor MAS.
» READ MORE
Cushman & Wakefield Takes Over Property Management And Leasing Of Aupark Bratislava
Aupark Shopping Centre in Bratislava has long ranked among the most successful retail destinations in Central Europe. It consistently places at the top of the charts for footfall and turnover among shopping centers in Slovakia. With nearly 250 shops spread across more than 65,000 sq m, it attracts millions of visitors annually.
» READ MORE
Global Retail Attractiveness Index: Strong comeback of the European retail markets
GRAI 1/2025 confirms the positive trend in the first quarter of 2025. The EU-15 Index, compiled by Union Investment and GfK, reached a new high of 115 points, reporting further growth in seven European countries. However, trade tariffs and weakening GDP growth may have a temporary negative impact on trade.
» READ MORE
Embark on the Transformative Journey of Retail – ACROSS Study Tour to Dubai & Abu Dhabi 2025 /// November 26th to 28th
The Global Hub of Innovation: exciting shopping-places with unique store concepts and forward-looking ideas. The 4th ACROSS Study Tour takes us to the United Arab Emirates.
» READ MORE
Union Investment reorganises management teams in its real estate fund management companies
Union Investment Real Estate GmbH has announced a key leadership change, appointing Karim Esch to the company’s management board effective July 1. At the same time, Kirsten Ludwig will join the executive team of Union Investment Institutional Property GmbH, taking over Esch’s responsibilities in fund management for both open- and closed-end real estate funds.
» READ MORE
M Core Expands Romanian Retail Portfolio with Over €150 Million in Strategic Investments Over Six Months
Romania’s retail park owner M Core has reinforced its market leadership through a series of high-impact acquisitions and developments within the past six months. With over €150 million deployed in Romania year-to-date, the company has successfully acquired Focșani Shopping Centre from KBC, Suceava Shopping City, and seven retail parks from property investor MAS.
» READ MORE
Cushman & Wakefield Takes Over Property Management And Leasing Of Aupark Bratislava
Aupark Shopping Centre in Bratislava has long ranked among the most successful retail destinations in Central Europe. It consistently places at the top of the charts for footfall and turnover among shopping centers in Slovakia. With nearly 250 shops spread across more than 65,000 sq m, it attracts millions of visitors annually.
» READ MORE
Global Retail Attractiveness Index: Strong comeback of the European retail markets
GRAI 1/2025 confirms the positive trend in the first quarter of 2025. The EU-15 Index, compiled by Union Investment and GfK, reached a new high of 115 points, reporting further growth in seven European countries. However, trade tariffs and weakening GDP growth may have a temporary negative impact on trade.
» READ MORE
Embark on the Transformative Journey of Retail – ACROSS Study Tour to Dubai & Abu Dhabi 2025 /// November 26th to 28th
The Global Hub of Innovation: exciting shopping-places with unique store concepts and forward-looking ideas. The 4th ACROSS Study Tour takes us to the United Arab Emirates.
» READ MORE
Union Investment reorganises management teams in its real estate fund management companies
Union Investment Real Estate GmbH has announced a key leadership change, appointing Karim Esch to the company’s management board effective July 1. At the same time, Kirsten Ludwig will join the executive team of Union Investment Institutional Property GmbH, taking over Esch’s responsibilities in fund management for both open- and closed-end real estate funds.
» READ MORE
M Core Expands Romanian Retail Portfolio with Over €150 Million in Strategic Investments Over Six Months
Romania’s retail park owner M Core has reinforced its market leadership through a series of high-impact acquisitions and developments within the past six months. With over €150 million deployed in Romania year-to-date, the company has successfully acquired Focșani Shopping Centre from KBC, Suceava Shopping City, and seven retail parks from property investor MAS.
» READ MORE
Cushman & Wakefield Takes Over Property Management And Leasing Of Aupark Bratislava
Aupark Shopping Centre in Bratislava has long ranked among the most successful retail destinations in Central Europe. It consistently places at the top of the charts for footfall and turnover among shopping centers in Slovakia. With nearly 250 shops spread across more than 65,000 sq m, it attracts millions of visitors annually.
» READ MORE
Global Retail Attractiveness Index: Strong comeback of the European retail markets
GRAI 1/2025 confirms the positive trend in the first quarter of 2025. The EU-15 Index, compiled by Union Investment and GfK, reached a new high of 115 points, reporting further growth in seven European countries. However, trade tariffs and weakening GDP growth may have a temporary negative impact on trade.
» READ MORE
Embark on the Transformative Journey of Retail – ACROSS Study Tour to Dubai & Abu Dhabi 2025 /// November 26th to 28th
The Global Hub of Innovation: exciting shopping-places with unique store concepts and forward-looking ideas. The 4th ACROSS Study Tour takes us to the United Arab Emirates.
» READ MORE
Shaping Spaces: Top Placemaking Projects of 2025
Across the globe, developers and architects are reimagining what it means to create “retail space.” The projects featured in this special edition, selected by leading industry experts, represent more than just successful developments; they are blueprints for the future of how we live, shop, and connect.
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MAGAZINE

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DEVELOPMENT

PROJECTS, TRENDS AND STRATEGIES

Left-to-right: Castel Guelfo The Style Outlets in Bologna, Italy, and José María Escobar the Technical Director at NEINVER. /// credit: NEINVER

REVITALIZING RETAIL: NEINVER’S COMMITMENT TO MODERNIZING OUTLET CENTERS

Outlet centers are evolving to enhance customer experience, with renovations playing a key role in transforming shopping into a social experience. NEINVER, a leading outlet developer, investor, and operator, is actively advancing its plan to modernize the portfolio with refurbishments completed or underway across its Spanish and Italian portfolio. ACROSS spoke with José María Escobar, NEINVER’s Technical Director, to learn more about the latest and upcoming renovation projects.

Exterior design of the Ruby Hotel in Copenhagen. /// credit: ECE

ECE Introduces First Ruby Hotel To Copenhagen And Signs Long-Term Lease Agreement

ECE Work & Live is developing a “Ruby” brand hotel in Copenhagen for the first time. This is also the Ruby Group’s first location in Denmark. The announcement follows the recent signing of a long-term lease agreement between ECE as project developer and Ruby Group as operator for the planned hotel building in the Frederiksberg district in the heart of Copenhagen.

The renovated part of the KING CROSS building impresses with modern store concepts and the largest Decathlon store in Croatia. /// credit: KING CROSS Zagreb

KING CROSS Zagreb Opens State-Of-The-Art Mall

The renovation and modernization process at the KING CROSS Zagreb shopping center has reached a significant stage of development: on 27 February, the part of the mall that has been completely renovated and modernized in recent months while business operations continued reopened.

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MANAGEMENT

LATEST TRENDS IN ASSET AND CENTER MANAGEMENT

credit: Inga Centres

Ingka Centres: Retail Is and Will Be the Core of What We Do!

“We are a growth-minded company,” states Vasco Santos, Global Sales & Leasing Director at Ingka Centres. The Scandinavian-rooted, globally active company operates in Europe, China, the US, and is establishing its presence in India. Its main goal is to create meeting places that go beyond shopping and provide real, meaningful value to the community. Despite the company’s success, especially in China, Santos expresses its continuous commitment and appetite for the European market but also stresses that the local market can learn a lot from international examples.

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OUTLETS

DEVELOPMENTS AND TRENDS IN THE OUTLET INDUSTRY

credit: ROS Retail Outlet Shopping

HOW DATA DRIVES OUTLET CENTER PERFORMANCE

In today’s fast-paced retail landscape, data is no longer just a luxury – it’s the foundation for staying competitive and future-ready. At ROS Retail Outlet Shopping, we understand that success isn’t just about collecting data; it’s about how we use that data to address challenges, boost performance, and spark growth.

Outlet Village Sofia design (left), Stoyan Kolev, CEO of Trinity Capital (right). /// credit: Trinity Capital, Atelier Serafimov Architects

TRINITY CAPITAL BULGARIA: “WE ARE DEVELOPING NOT ONLY AN OUTLET, BUT A POWER-SHOPPING DESTINATION”

Trinity Capital is one of Bulgaria’s most prominent developers and owners of retail real estate. After developing retail parks and acquiring shopping centers, the company is now entering the market for designer outlets and planning Bulgaria’s first outlet village in Sofia, which will be in the direct vicinity of the largest retail park in the Balkans, which belongs to Trinity as well. Stoyan Kolev, CEO of Trinity Capital, explains why Bulgaria is ready for an outlet, his plans for the location, why the combination of outlet and retail park makes sense, and why entertainment and gastronomy are essential keys to more footfall.

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RETAIL

STRATEGIES OF RETAILERS

Image: 123RF

Shopping Centers Of Today Are Important Leisure Destinations

In addition to its function as a supplier to the population, retail is increasingly taking on the role of entertainment. Concepts built around customer experience and gastronomy are now essential components of shopping centers, shows the latest shopping center report on Germany from the EHI Retail Institute.

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FOOD & BEVERAGE / LEISURE

LATEST TRENDS

Roger Goyk, Director of Retail Brookfield Properties (left), Jonathan Doughty, Special Project Manager at ECE (right). /// credit: Brookfield Properties, ECE

THE PLAYCE IN BERLIN: THERE WAS NO NEED FOR “JUST ANOTHER” SHOPPING MALL

Like no other German shopping center, “The Playce” at Potsdamer Platz in Berlin is a shopping and cultural destination that focuses on food and beverage, leisure, and retail stores that are new to Berlin or unique in their concepts. One and a half years after its opening, The Playce is now 96 percent leased. ACROSS discusses why now is the best time to be part of the project with Roger Goyk, Director of Retail Brookfield Properties, and Jonathan Doughty, Special Project Manager at ECE.

credit: Ryan Dinham and Seven Dials Market

The Expansion Of Food Halls Across Europe: Venues To Hang Out, Eat Out Or Go Out-Out!

The food hall market in Europe has seen significant growth and transformation over recent years. In less than a decade, the number of European food halls has almost doubled, with the UK, France and Italy leading the pack. Despite a pandemic and cost of living crisis across the continent, landlords and operators are seeing the benefit of the flexible model for our ever-changing modern world. There’s even been some new openings since C&W released our ‘Food Halls of Europe’ report in July 2024, including Time Out Market in Barcelona and Mercato Metropolitano in Ilford, London.

Lane 7, The Playce, Potsdamer Platz, Berlin. /// credit: Lane 7

LANE7 GROUP STRIKING OUT ACROSS EUROPEAN LEISURE MARKET

As part of its ambitious strategy to grow the number of sites it operates, entertainment and leisure operator, the Lane7 Group, has announced the opening of its first venue in continental Europe at The Playce, Potsdamer Platz in Berlin in September, as well as two venues opening in Dublin in the coming months. While continuing the pace of its UK expansion – with a second London venue, in Camden, opening in October – Lane7 now seeks to grow its European portfolio by some 10 venues over the next 2 years.

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PROPTECH

RETAIL TECHNOLOGY

credit: Citycon

Key Factors Driving Quality At Shopping Centers

Why do we visit shopping centers? Is it merely for shopping, or are we seeking entertainment, a place to meet, or perhaps all of these experiences combined? Despite the diverse reasons that draw us to shopping centers, one expectation remains consistent across all visits: the demand for quality.

Markus Porvari, President and CEO of HyperIn, at SusHi Tech Tokyo 2024. /// credit: HyperIn

HyperIn & SusHi Tech Tokyo 2024: Bridging the Gap Between Continents for a Sustainable Future

This year´s SusHi Tech Tokyo 2024 aimed at fostering cooperation between Japan and Finland by providing a platform for tech companies of both countries to promote sustainability technology and ESG principles. Markus Porvari, President and CEO of HyperIn, represented the company as a keynote speaker at the conference. HyperIn has demonstrated how a startup can successfully grow into a thriving enterprise, showcasing real cases of how some of the leading companies in the Nordics are succeeding with sustainable technology.

Emre Yıldız, Founder and CEO of Octopus. /// credit: Octopus

OCTOPUS – a physical touch of retail

“Octopus is not just creating technology; we are building an entire ecosystem that mirrors the online world’s interactivity in the physical world, all centered around our screens and the Octopus app. We are crafting an environment where digital engagement is as natural and intuitive as using a smartphone or computer,” explains Emre Yıldız, CEO and Founder of Octopus, in his interview with ACROSS.

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INVESTMENT

PLANS OF INVESTORS AND OWNERS

Anchor tenant EDEKA at Eidelstedt retail park in Hamburg. /// credit: Union Investment

Union Investment Sells Retail Park In Hamburg To LHI Group

Union Investment has sold a retail park in Eidelstedt, Hamburg to the LHI Group. The property at Hörgensweg 5 in north-west Hamburg was added to the portfolio of institutional open-ended real estate fund UniInstitutional European Real Estate in 2007, making it one of the oldest holdings in the fund.

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EVENTS

WHERE THE INDUSTRY MEETS

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