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The Impact of COVID-19 on European Shopping Center Design

“High streets and shopping centers will need to focus less on filling space with stock, and more on reutilizing that space for wider social and cultural needs, as well as for showrooming, fulfilment, back-of-house functions, and last-mile delivery.”

Acteeum prepares another retail park in Poland – Ostróda Power Center

Previous year successes of Acteeum – i.e. the opening of Galeria Chełm and starting construction of Galeria Andrychów in the Power Center format, show that despite challenges related to the coronavirus epidemic, the market welcomes new, well-thought-through projects in good locations. Acteeum is consistently expanding its portfolio throughout Poland preparing the new project – Ostróda Power Center.

Linstow Center Management changed its name to Linstow Baltic

In January 2021 Linstow Center Management changed its name to Linstow Baltic, thus marking the implementation of a new diversified business strategy in Baltic States. The company’s priority will be to develop sustainable multi-segment real estate projects, including office buildings, shopping malls, hotels, parking lots and more.

A Time of Retail Parks and Convenience Centers

In Poland, 2020, a turbulent year, has brought about many changes in the retail market. The unexpected occurrence of the pandemic has complicated the situation for both contractors and tenants. However, Covid-19 has not so much initiated new trends as it has dynamized the existing ones. It is not only about the growing importance of the omnichannel approach, especially with regard to e-commerce; the increasing share of retail parks and convenience centers in retail sales also ranks as one of the key trends. As research has shown, smaller-scale commercial formats have been most successful in dealing with the challenges brought about by the pandemic.

Altera sells retail property in center of Rotterdam

Real estate investor Altera Vastgoed NV (hereinafter: Altera) has sold the retail property at Lijnbaan 81 in Rotterdam. The property is over 400 sq. m and is let to fashion retailer Mango.

ECE opens cano shopping center in singen

ECE recently opened the Cano shopping center that it has developed and realized in the city of Singen in Southern Germany after roughly two and a half years’ construction.

Redevco finishes transformation of Parque Corredor Shopping Center in Madrid

European urban real estate investment manager Redevco finished the large-scale renovation of Parque Corredor in Madrid. The construction works, which started a year ago, have been completed ahead of schedule despite the extensive measures issued by the Spanish government in response to COVID-19. More than 300 workers continued building works in shifts during the so-called lockdown period, after assuring the implementation of a very strict Health & Safety protocol.

SES to install additional large-scale photovoltaic systems on top of shopping centers

The SES-operated shopping center WEBERZEILE located in Ried, Upper Austria, now generates its own environmentally friendly solar power, which is also the case at SES shopping center MURPARK in Graz. Last week, SES Spar European Shopping Centers commenced operation of a 520-kWp photovoltaic rooftop installation, which produces approximately 500,000 kilowatt hours of clean electricity per year for its own use and reduces CO2 emissions by 128 tons. The photovoltaic system installed atop WEBERZEILE is the largest to be mounted by SES to date and is the benchmark for the installation of solar power systems on the roofs of other SES shopping centers throughout Austria.

Disposal of Schloss-Strassen Center, Berlin

RDI, the income focused UK Real Estate Investment Trust, is pleased to announce the disposal of the Schloss-Strassen Center, Berlin for €65.5 million to Benson Elliot, a UK-based private equity real estate fund manager.