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SHOPPING CENTERS IN EUROPE – 50 YEARS OF CHANGE?

Shopping malls – in the form of bazaars or antique market halls – have been around for almost 2,000 years. It took until 1956, however, for the first “modern” integrated shopping mall (under one roof) to be opened – the Southdale Center in Minneapolis (USA).

CHRISTMAS DECORATION. HOW CENTERS BECOME PLACES OF HEIGHTENED EMOTION

If it is true that a shopping center has to be a distinctive brand, then it needs the right Christmas decoration. “Never from the catalog, never off the shelf” is First Christmas’s motto. The decoration specialist therefore produces no catalogs, instead featuring a large design department with interior designers, lighting designers, and set builders.

From left to right: Ulrike Friedl (Senior Asset Manager), Matthias Franta (Center Manager), Store Manager, Roland Pinz (Managing Director Asset Management) /// © CC Real

TK Maxx joins MILLENNIUM City, strengthening Viennese Retail Hub

The retail destination MILLENNIUM City is expanding its brand offering with the addition of TK Maxx. The new store, opened on November 6, brings another international retailer to the urban mixed-use center and reinforces its position as a versatile hub for shopping and leisure in Vienna.

Left: Facade of Gropius Passagen, Right: Christian Danne /// Credit: Gropius Passagen

Leadership Change at Gropius Passagen in Berlin, Germany

A new chapter begins for Gropius Passagen in Berlin-Neukölln. With the appointment of Christian Danne as Center Manager, one of the city’s top retail destinations is setting a fresh strategic course. Covering around 94,000 square meters of retail space, featuring over 150 stores, and welcoming roughly ten million visitors a year, Gropius Passagen remains a key anchor of Berlin’s retail landscape.

Alexander Otto wins award at MAPIC 2025 /// Credit: ECE

ECE CEO Alexander Otto receives Lifetime Award at MAPIC 2025

A special honor for Alexander Otto, CEO of the ECE Group: at this year’s MAPIC trade fair, Otto received the MAPIC Lifetime Award as a “Pioneer of Places” in recognition of his exceptional achievements and outstanding contribution to shaping and advancing the shopping center industry over the past three decades.

Left:Great Western Arcade, Birmingham, UK /// Credit: Photo by Arjan Billan on Unsplash Right: David Fuller-Watts /// Credit: Kinexio

HOLIDAY RETAIL IN EUROPE: HOW SALES COLLECTION AND TECH AUTOMATION ARE DRIVING SMARTER OPERATIONS

As Europe’s retailers and landlords head into the most decisive quarter of the year, success hinges not only on footfall, but on clarity. With up to 40% of annual revenue at stake, real-time sales collection and automated reporting have become critical tools to track performance, manage risk, and capture opportunities. From tenant health to turnover rent, automation is transforming holiday trading from a logistical scramble into a data-driven advantage.

Left: Magnolia Park in Wrocław, Poland, Right: Marek Noetzel /// Credit: NEPI Rockcastle

NEPI ROCKCASTLE: “A STRONG GERMANY IS ESSENTIAL FOR OUR REGION”

NEPI Rockcastle is on the path to growth: Its portfolio value is over €8 billion, net operating income has risen by 12%, and occupancy rates are close to 100%. In this interview, Marek Noetzel explains how the company has achieved such results despite geopolitical uncertainties, why retail parks are thriving while mega deals are stalling, and how photovoltaic and mixed-use projects are shaping the future of retail in CEE.

Left: BIG Łubna, Right: Eran Levy /// Credit BIG CEE

BIG MOVES IN POLAND: TRANSFORMING RETAIL, ONE PARK AT A TIME

In Central and Eastern Europe, BIG has pursued a dual-track strategy: building a strong footprint in the Balkans via BIG CEE, and entering Poland only three years ago. Within this short period, the Polish arm has grown to a portfolio of 10 operating retail parks, with three more in development, making it one of the fastest-growing players in the country. To understand how BIG managed such rapid expansion in one of Europe’s most competitive retail markets, we spoke with Eran Levy, Chief Operating Executive of BIG Poland.

Credit: Echo Investment

Echo Investment sells Libero Katowice, Poland

The largest single-asset retail transaction of the year in Poland has been finalized, as Echo Investment sells Libero shopping center to Summus Capital, an Estonian-based investment company. The value of the deal amounts to €103 million.

Credit: BIG CEE

How BIG CEE is redefining Retail in the Balkans

BIG CEE has rapidly grown into a leading force in Southeast Europe’s retail real estate market. CEO Lev Weiss discusses the company’s journey, from its first projects in Serbia to major milestones across the Balkans, and shares his vision for future expansion and brand building in the region.

Credit: VIA Outlets

VIA Outlets Raises €500 Million Through Green Bond Issuance

VIA Outlets has successfully placed €500 million of senior unsecured fixed-rate green bonds due 2032. The issuance attracted strong demand from institutional investors resulting in a €1.8+ billion orderbook and an oversubscription of 3.6x. The bonds carry a seven-year maturity and a fixed annual coupon of 3.5%.

Photo by Josef Stepanek on Unsplash

Humanic Sold to Slovenian Investor Group

A surprise move in the retail sector: Austria’s Leder & Schuh AG, best known for its flagship brand Humanic, has been sold to the Slovenian investment firm Advance Capital Partners. Despite the change in ownership, the company’s headquarters for its 210 stores and 1,700 employees will remain in Graz, Austria.