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ACROSS speaks with Marcus Wild, CEO of SES Spar European Shopping Centers, about the company’s recipe for success and how Slovenia’s market leader intends to consolidate its position there.

In the 1980s, the retail format of designer outlets arrived in Europe. Now, the time for expansions and refurbishments, with a focus on food & beverage and leisure, has come.

The warm Cypriot sun is shining brightly on the Mediterranean island’s ambitious shopping, leisure, and dining development – Nicosia Mall – which will open its doors to visitors in November of this year.

In the words of the ancient Greek philosopher Heraclitus, “The only constant is change.” Applied in more modern terms: Only one who remains flexible and adapts his or her decisions to the constant change, can achieve ideal results in the long term. This is also true for participants in the German real estate sector.

Liviu Tudor outlines two current areas of focus for retail developments in the CEE-country: the construction of retail parks in small cities and the extension of existing commercial areas in larger cities.

All through the years, commercial models in the retail sector have been evolving in alignment with changing consumer habits. It goes without saying that these consumer habits have experienced a huge transformation lately, especially due to the rapid advance of technologies and the digital era. However, I don’t believe that the boom of ecommerce will lead to the extinction of most shopping malls.

The Serbian capital tends to be viewed as more of an insider tip than a universally acknowledged hotspot, among expansion-minded European retailers. This is partly due to the city’s challenging retail conditions.

Tom McGee, President and CEO of ICSC, says new Asian malls will be tailored to meet the needs of the younger generation. Existing shopping centers in Europe and the US are changing accordingly.

Jonathan Doughty, Global Head of Foodservice at ECE, was chosen by the editorial team of ACROSS and its Advisory Board as the most outstanding person of the industry in the past year. His selection also reflects the increasing relevance of gastronomy areas in European retail properties.

The editorial team of “ACROSS – The European Retail Real Estate Magazine” and its Advisory Board, which consists of 18 top experts of the shopping center industry, has chosen the most outstanding person of the industry in the past year – the “Man of the Year 2017.”

The latest European Shopping Centers report by Cushman & Wakefield shows that shopping center development activity in the first half of 2017 increased total floor space across Europe to 160.8 million sq m at the midpoint of the year.