MIPIM, the global urban festival, unveiled the finalists for this year’s MIPIM Awards, celebrating the world’s most visionary real estate projects, both built and in the making, shaping the future of cities and communities.
“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.
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.
“We must move away from a “transactional” mindset to one of making people “feel welcome”,” says Chris Igwe, Global Retail Expert, and Member of the ACROSS Advisory Board, in ACROSS Magazine’s new “Outlook 2025”.
“The industry must embrace creativity and innovation, ensuring every offering delivers something distinctive and exciting,” says Roger Goyk, Director Retail at Brookfield Properties Germany, and Member of the ACROSS Advisory Board, in ACROSS Magazine’s new “Outlook 2025”.
“The overarching shift toward increased uncertainty in today’s economic and political landscape may also encourage a more hands-on approach for our retail assets,” shares Angelus Bernreuther, Head of Business Development at DEFAMA, and Member of the ACROSS Advisory Board, in ACROSS Magazine’s new “Outlook 2025”.
Across Asia, Visual Positioning System (VPS) technology utilizing augmented reality (AR) wayfinding is transforming how people navigate complex commercial spaces. From shopping malls and airports to mixed-use developments, digital navigation is evolving beyond static maps—offering real-time, interactive experiences through mobile devices.
MEC, specialist for the management of retail properties, and, in particular, retail parks, let 135,000 sq m of retail space in 2024 and concluded 265 leases and contract extensions.
“We need to see more collaboration between brands, investors, developers and agents,” says Giles Membrey, Managing Director of Rioja Estates, and Member of the ACROSS Advisory Board, in ACROSS Magazine’s new “Outlook 2025”.
“Smart technologies continue to set new standards for visitor interaction by combining real-time assistance with personalized engagement,” says Yurdaer Kahraman, CEO and Board Member at FIBA CP, and Member of the ACROSS Advisory Board, in ACROSS Magazine’s new “Outlook 2025”.
Following a successful trial period in Oslo and Madrid, Ikea’s second-hand platform “Preowned” is ready to expand across the whole of Norway and Spain, with plans to continue its expansion throughout Europe.
Union Investment, owner of the Köln Arcaden shopping center in Germany, is planning to develop the site into a new mixed-use quarter. The preliminary planning envisages around 108 apartments, some privately financed and some publicly subsidized, as well as senior citizens’ apartments, a facility with care places for senior citizens and office space for a total of around 800 employees.
“Someone’s got to do things differently in the industry now. Let’s have the spine to do it,” says Ian Sandford, President at Eurofund Group, and Member of the ACROSS Advisory Board, in ACROSS Magazine’s new “Outlook 2025”.
SES sets a strong example for sustainable management and environmental protection with the successfully introduced comprehensive environmental management system and received ISO 14001 certification from TÜV AUSTRIA. This applies to both the SES headquarters and 15 SES shopping malls in Austria.
Unibail-Rodamco-Westfield (URW) Germany is enriching the already diverse and attractive tenant and brand mix of Westfield Ruhr Park in Bochum and Palais Vest in Recklinghausen: with the sporting goods manufacturer and retailer Decathlon, another anchor partner is coming on board in both shopping centers. At Westfield Ruhr Park, Decathlon will present its extensive product range on a sales area of more than 1,000 sq m. At Palais Vest, the store will cover almost 1,000 sq m of sales area. The stores are scheduled to open in spring 2025.
In an interview with ACROSS, Joachim Stumpf, Managing Director of BBE Holding and IPH Handelsimmobilien, analyzes the role of retail real estate in light of the current economic and social situation. His conclusion: “The advancing polarization is a key issue when we discuss what options we have to counter the transformation in retail. Against this backdrop, we also need to rethink retail and locations. Despite all the challenges, good and individual types of use can be found for all properties – but getting there can be painful.”
How are you doing with your resolutions? Still going strong, or already planning for the resolutions for next year? Its customary to look into my glass bowl at the beginning of a new year and predict the future of hospitality, new trends and what else is cooking in our industry and how it might impact the leasing and development efforts.
McArthurGlen Designer Outlet Parndorf is strengthening its position as an internationally popular shopping destination: in cooperation with the Austrian transport and tourism company Blaguss, a shuttle bus service connects the Slovakian capital Bratislava directly with the center.
Coresight Research, a research and advisory firm specializing in retail and technology, and NextRivet, a digital innovation and implementation consultancy specializing in retail real estate, announced their strategic partnership and the launch of CoreRivet. The CoreRivet service is designed to empower retail and real estate executives with actionable insights and cutting-edge technologies that drive sales growth, operational efficiencies, and elevated customer engagement.
A major leasing success for the Thier-Galerie: with the Inditex brands Stradivarius, Bershka and Pull&Bear, ECE Marketplaces is introducing three successful concepts to the shopping center it operates and leases in Dortmund’s city center.
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