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Rüdiger Dany, CEO of NEPI Rockcastle. /// credit: NEPI Rockcastle

NEPI Rockcastle Starts 2024 With Double Digit Growth In Net Operating Income And Tenant Sales

NEPI Rockcastle achieved a 12.7% uplift in net operating income (NOI) to 135 million euros in the first quarter (Q1) of 2024 versus Q1 2023. On a like-for-like (LFL) basis NOI was up 9.4%. This solid growth was driven by higher base rents and tenant turnover as well as tight management of operating costs across its retail property portfolio, the largest in Central and Eastern Europe, reveals NEPI Rockcastle in its latest Q1 2024 business update.

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.

Outstanding European Placemaking Project recommended by Yurdaer Kahraman, CEO and Board Member of FİBA Commercial Properties, and Member of the ACROSS Advisory Board. /// credit: ACROSS

Outstanding European Placemaking Projects: Galataport Istanbul — A Regeneration Story

Our industry is strong and can achieve a lot. To emphasize this optimistic spirit, we want to showcase what our industry offers. Recommended by Yurdaer Kahraman, CEO and Board Member of FİBA Commercial Properties, and Member of the ACROSS Advisory Board, Galataport Istanbul is one of the many outstanding placemaking projects that drive the industry forward.

Outstanding European Placemaking Project recommended by Klaus Striebich Managing Director of RaRE Advise, and Head of the ACROSS Advisory Board. /// credit: ACROSS

Outstanding European Placemaking Projects: Galleria Vittorio Emanuele II. Milano, Italy — Location With A ‘Wow Effect’ That Lasted For Generations

Our industry is strong and can achieve a lot. To emphasize this optimistic spirit, we want to showcase what our industry offers. Recommended by Klaus Striebich, Managing Director of RaRE Advise, and Head of the ACROSS Advisory Board, Milano´s Galleria Vittorio Emanuele II. is one of the many outstanding placemaking projects that drive the industry forward.

credit: JTRE

STRONG SALES WILL UNDERLINE OUR CONFIDENCE

The real estate market is truly gaining pace after two years of slowdown. New buildings in Bratislava city center have maintained relatively stable price levels despite interest rate hikes, and the combination of a recovering segment and an exceptional project can present a promising investment opportunity. As investors have historically found, purchasing a new apartment in Bratislava prior toconstruction will reap returns, states Peter Píš, JTRE’s Commercial Director.

credit: JTRE

“MIXED-USE DEVELOPMENTS ARE KEY TO SUSTAINABLE PLACEMAKING AND URBAN DEVELOPMENT”

As an urban developer, JTRE is uniquely positioned in Slovakia due to its specialization in constructing whole city districts. JTRE is significantly changing the city of Bratislava. Recently, the company developed Eurovea, one of Europe’s largest mixed-use projects. ACROSS spoke to Pavel Pelikan, Deputy Chairman of the Board and Executive Director, about JTRE’s plans, recent developments, and ways of doing business.

credit: Lidl

Lidl Sets Sights On Hundreds Of New Stores in Great Britain

Lidl GB has announced plans to open hundreds of new stores across the country, creating thousands of new jobs. This follows a year of significant investment in its infrastructure to further strengthen operations, during which Lidl opened its largest global warehouse in Luton.

Downtown Yards design. /// credit: JTRE

JTRE’s Downtown Yards: Sales Launched And Construction Underway

The gateway to Bratislava’s rapidly expanding downtown has seen outstanding levels of interest: 135 of the 650 residences have already been sold in the pre-sale phase. JTRE’s new Downtown Yards project aims to combine the city’s contemporary cosmopolitan atmosphere with the Nivy area’s tranquil atmosphere. This modern mixed-use ‘sustainable city’ neighbourhood is under construction, and great initial market launch prices for new homes are available right now.

“Retail And The Hotel Industry” – A Profitable Partnership For The Benefit Of All? /// ACROSS Retail Talk: June 18th, 2024, 4 PM (CET), ONLINE/ZOOM

Three years after the coronavirus pandemic, people are traveling again. City trips are particularly popular. This trend is also boosting retail at tourist locations. If tourism and hospitality are to play an important role in the future of retail (and they must), then the presence and location of hotels is crucial. The combination of hotel and retail sectors offers many opportunities. Nevertheless, the two asset classes have hardly been connected to date.

Food Garden at Main-Taunus-Zentrum (design). /// credit: ECE

Topping-out Ceremony For The New “Food Garden” In The Main-Taunus-Zentrum

Just a few months after the start of construction, ECE Marketplaces celebrated the topping-out ceremony for the new “Food Garden” in the Main-Taunus-Zentrum in Sulzbach near Frankfurt am Main – together with the builders, representatives of the center owners, the mayor of Sulzbach and the tenant partners. The implementation of the new gastronomic offer in one of the largest, highest-turnover and most successful shopping centers in Germany for decades is thus progressing rapidly. The opening is planned for spring 2025.

credit: German Trade Association, umdasch

Stores Of The Year: Two Projects From Umdasch The Store Makers Receive Awards

On April 23rd, the German Trade Association presented the Stores of the Year 2024 awards at the Retail Real Estate Congress in Berlin. umdasch’s two projects – BETTENRID in Munich’s Theatinerstraße and the Musikhaus Thomann in Burgebrach-Treppendorf – were named “Store of the Year”.

Thomas Reichenauer (left) is Co-Founder and Managing Director of ROS Retail Outlet Shopping; Designer Outlet Gdańsk (right). /// credit: ROS

“We Are Well-Placed To Navigate The Challenges And Opportunities Ahead”

Following a customer-centric approach, the ‘BOLD’ strategy carried out by ROS Retail Outlet Shopping across its entire portfolio reached full potential in 2023. The operator’s average sales soared by +16.5% across the portfolio in 2023, fuelled by an enriched brand mix, a stronger shopping experience and the ability to adapt to evolving market conditions.

Will´s F&B Insights: The (Old) Fashioned Food Court Is Dead, Long Live The Foodcourt!

As the nostalgic memories of greasy fast food and sticky trays fade away, the death of the old-fashioned food court looms over the culinary landscape. An expert in the world F&B development, Will Odwarka, founder and CEO of Dubai-based firm Heartatwork Hospitality Consulting, states in his newest column: “With the rise of trendy market halls, food halls, and multi-purpose restaurant experiences, traditional food courts are struggling to keep up with the ever-evolving dining scene. But wait a minute, is that really true?”

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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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