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ACROSS

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GTC expands tenant portfolio in Bulgaria

IKEA and Bershka will be new tenants in the Mall of Sofia – one of the most successful shopping malls located in the city. As a result of these agreements, GTC will lease 2,000 sq m of retail space in the centre.

Urban Regeneration: Sustainable solutions to growth

Urbanization is a global mega-trend. Therefore, urban regeneration projects have become increasingly relevant. However, one has to consider quite a few things along the journey toward a successful mixed-used scheme. The most successful projects will be those that incorporates work, life, shop, play, and access to services at inner-city locations.

Construction of Galeria Andrychów has started

At the beginning of October, construction works of the new retail park – Galeria Andrychów – a joint project of Acteeum Group and Equilis Europe, officially began.

METRO PROPERTIES extends all its MEC mandates

With twelve mandate extensions, MEC enters the tenth year of its existence in a stronger position. METRO PROPERTIES extends all contracts for the center management of its twelve MEC locations, thus strengthening the continuity of MEC’s core business.

Always a Cross-European Team Effort at Multi

Asset Management Directors Diederik Bakker and Harold van Riel and their asset management teams work closely together at Multi Corporation. This major pan-European retail service platform manages and redevelops retail properties across 14 countries in Europe and Turkey. How do they maintain sustainable asset value in a health crisis such as the current Covid-19 pandemic?

Need for Action – Refurbishments in CEE

Shopping centers have been facing a growing number of challenges in the last few years, with many retailers failing to adapt quickly enough to competition from online retail platforms and changing customer habits that reflect new priorities and expectations. Chapman Taylor Group Board Director Jon Hale and Prague Studio Director Filip Pokorny examine how malls in CEE must adapt so that they can flourish in the coming years.

“You Just Have to Play Your Cards Right”

Landlords have assets at their disposal that e-commerce lacks. That allows for a unique mix of services and experience under a single, local roof, says Markus Porvari, Founder of HyperIn and Member of the ACROSS Advisory Board.

Financing in Hand

East Gate Mall in Skopje, North Macedonia, which features approximately 250 retail units, is scheduled to open its doors in fall 2021. Balfin Group Albania is responsible for the project.

Colosseum Mall in Bucharest will host two KFC restaurants

Colosseum Mall will host next year two KFC restaurants. One of the two locations is going to be a Drive-Thru restaurant with over 300 sq m, while the other one will be a « fast food » restaurant within Colosseum Mall’s food court, with a surface of more than 150 sq m.

Rossmann and Pepco – new brand names in Galeria Awangarda, Poland

The tenant mix in Galeria Awangarda (Bartoszyce, Poland) is reinforced by well-known international brands. For instance, Rossmann (Europe’s largest retail chain of make-up, household goods, foodstuffs) and Pepco (a chain of discounted clothing and household goods) have signed lease agreements for five years and will occupy areas of 440 sq m and 540 sq m, respectively. The opening of Rossmann store is scheduled for February 2021. Pepco’s – during the second half of the next year.

Five propositions regarding the potential of sustainable retail Parks in Germany

Retail parks and hybrids have weathered the storm of the crisis relatively well due to their high proportion of local supply. Nevertheless, in the vortex of the coronavirus crisis, the issue of sustainability seems to have fallen by the wayside in many cases. That picture, however, is deceptive. The necessary (re)alignment of retail parks and other agglomerated retail real estate properties makes it necessary for ESG criteria (environment, social, governance) to be taken into account. The following “Top 5 Lessons Learned” were taken from a recent publication on retail parks in Germany*.

Conscientious Shopping

Sustainable retail real estate is extremely popular with investors and operators these days. SES Spar European Shopping Centers is playing a pioneering role in this area throughout Europe.

How important is Christmas in times like these?

“Christmas as an opportunity, especially in difficult times, to give people what they are longing for so much: happiness, the memory of the best moments of their childhood, heart-warming feelings and emotions.”

People in move

Recruitments, promotions and appointments…