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Veritable growth in Bucharest

Sonae Sierra and Caelum Development opened the ParkLake shopping center on September 1. The Romanian capital’s retail real estate market has now increased by 70,000 sq m GLA.

Projects & Openings Europe

The shopping center investor Cemagg has entrusted the real estate service provider Bilfinger Real Estate to represent it as the builder-owner and to provide consulting and project development services for Dreiländergalerie in Weil am Rhein in Baden-Württemberg.

Project & Openings International

Dubai Holding has announced updates on the development of Mall of the World, a concept for an all-season city district offering a wide range of leisure, retail, cultural, residential, wellness, commercial, hospitality, and pedestrian options.

Refurbishment with history

The Old Academy in Munich was once reserved for Jesuits, academics, and then statisticians. Now, Signa Holding wants to revitalize the historic complex in the city center.

„We keep channels of communication open“

Futureal is specialized in developing large-scale mixed-use properties in Hungary. In his interview with ACROSS, CEO Tibor Tatár tells us which challenges have to be met in this sector and talks about current projects.

Setting the course for the future of shopping

Plus City’s extension was opened on September 1. This mall in Upper Austria’s Pasching is a microcosm that has become a self-contained leisure and shopping city.

Prime rental rates in Bulgaria remain steady

Colliers recently published a “Retail Market Overview” of the first half of 2016 in Bulgaria. It indicates that the market will undergo sustainable development, with decreasing levels of supply and stable demand until the end of the year.

The name of the brand

“VIVO!” is a supra-regional brand strategy Immofinanz pursues at its shopping centers. The flagship project is VIVO! Stalowa Wola in Poland, which opened almost one year ago.

How to design a good story

ACROSS takes a closer look with Toni T. Jörgens of ESP. Design Studios on how storytelling and integrated design processes can be useful to turn shopping centers into engaging customer experiences.

“The best is yet to come”

On June 30, Bill Kistler was appointed as ICSC’s Executive Vice President and Managing Director of EMEA. In his interview with ACROSS, he talks about his goals, cooperating with the EU—and a positive future for the industry.

„Glasgow will be targeted“

In this interview with ACROSS, Anne Murray from InvestGlasgow and Stephen Bibby from Cushman & Wakefield explain the Scottish city’s investment opportunities.

YOU CAN’T DO BUSINESS WITH HUNGRY CUSTOMERS

A lot has been said and written in the past years about the necessary reorientation of shopping centers and other retail locations, and at least as many measures were also realized since then.

Creating competitive cities in the age of urbanisation

In 2009—for the first time in history—the world’s urban population exceeded its rural population. By 2030, the number of people living in cities around the world is expected to increase by one billion.

“Extension is a must!”

The mixed-use-property Eurovea in Bratislava is being extended. In an interview with ACROSS, an owner Peter Korbačka explains why Eurovea is in urgent need of expansion.

“Seamless Leisure – Seems More”

In an interview with ACROSS, Gastón Gaitán, Manager and Director of theleisureway, explains why leisure is a branding instrument—the identity of the whole shopping center is at stake.

Development of Retail Parks Accelerates throughout Europe

According to a recent report by Cushman & Wakefield, the sales area of European retail parks will increase by 50% more in 2016 than in the previous year. This growth is due mainly to developments in France, Italy, and the UK.

Hungary abolishes Sunday shopping ban

The re-introduction of Sunday business hours for shopping centers in Hungary was announced and introduced unexpectedly and with surprising speed, even quicker than the introduction of the obligatory Sunday shopping ban in March 2015. Why was it so urgent?

About the new tax on retail sales in Poland

The tax on retail sales coming into force on September 1, 2016 will not contribute to the decrease in the number of shopping centers in Poland. The tax will increase the competitiveness of small- and medium-sized businesses in comparison to large entities operating in the commercial sector and will increase the state’s revenues.

Going global

In my last article, I talked about the need to introduce new operators into our industry, to allow the smaller operators and companies access into the world of shopping centers, and to support them as they grow.

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