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Il Centro in Milan, Bonarka City Center in Krakow, and Westfield in London stand out from the mass of European malls, says Árpád Török, CEO of TriGranit. The latter in particular because of its focus on virtual reality.

Many criteria must be fulfilled for a shopping center to function nowadays. The experts on ACROSS’s Advisory Board responded to a survey about criteria for success and named their favorite malls.

The company reports that the continuous increase in purchasing power in the region underpins the investment case in general and that for its acquisitions of Galleria Burgas and Galleria Stara Zagora in particular.

For Marcel Kokkeel, CEO of Citycon, the future lies in the “perfect match” between commerce and communities.

Sustainability has earned an important role in the retail property sector in recent years and sustainability goals are now a pillar of outlet centers’ strategies.

Online retail is increasingly shaking up tenant mixes in Europe’s cities. The bricks-and-mortar trade is desperately seeking innovative concepts.

A city center location is always more complicated, expensive, and time-consuming for new retail projects than an alternative on the periphery. Despite these hurdles, investors and developers have created projects across Europe that not only serve existing markets but are also catalysts for growing demand and transforming cities.

According to Savills, the Swedish capital is currently the most attractive destination in Europe for shopping center investments due to its reputation as a “safe haven” and its relatively affluent population.

What customers have long demanded of malls is now being demanded of designer outlets. They must offer customers more than shopping, says Henrik Madsen, Managing Director Northern Europe at McArthurGlen, in an interview with ACROSS.

On April 11, McArthurGlen, Europe’s leading owner, developer and manager of designer outlets, and TH Real Estate, one of the largest real estate investment managers in the world, officially opened Phase V of Designer Outlet Parndorf, taking its gross lettable area (GLA) to 36,500 sq m.