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ACROSS

Search Results for: project – Page 7

Star-Spangled Projects

The United States is the “Country of Honor” at this year’s MAPIC. ACROSS reveals a selection of the retail projects in the Land of Opportunity that will be presented in Cannes.

Small and mid-sized projects continue

A look at Lithuania: According to the “Real Estate Market Report 2015 – Baltic States” by Ober-Haus, not a single large shopping center has opened its doors in Vilnius in the last five years. Developers are trying to exploit attractive locations by offering small and medium-size malls, however.

A PROJECT FOR MARSEILLE

The city in southern France is undergoing a cultural and urban renaissance. Klépierre is betting on the seaside metropolis with Prado shopping center. Galeries Lafayette will be one of the anchor tenants.

Left: Magnolia Park in Wrocław, Poland, Right: Marek Noetzel /// Credit: NEPI Rockcastle

NEPI ROCKCASTLE: “A STRONG GERMANY IS ESSENTIAL FOR OUR REGION”

NEPI Rockcastle is on the path to growth: Its portfolio value is over €8 billion, net operating income has risen by 12%, and occupancy rates are close to 100%. In this interview, Marek Noetzel explains how the company has achieved such results despite geopolitical uncertainties, why retail parks are thriving while mega deals are stalling, and how photovoltaic and mixed-use projects are shaping the future of retail in CEE.

Left: BIG Łubna, Right: Eran Levy /// Credit BIG CEE

BIG MOVES IN POLAND: TRANSFORMING RETAIL, ONE PARK AT A TIME

In Central and Eastern Europe, BIG has pursued a dual-track strategy: building a strong footprint in the Balkans via BIG CEE, and entering Poland only three years ago. Within this short period, the Polish arm has grown to a portfolio of 10 operating retail parks, with three more in development, making it one of the fastest-growing players in the country. To understand how BIG managed such rapid expansion in one of Europe’s most competitive retail markets, we spoke with Eran Levy, Chief Operating Executive of BIG Poland.

Credit: Echo Investment

Echo Investment sells Libero Katowice, Poland

The largest single-asset retail transaction of the year in Poland has been finalized, as Echo Investment sells Libero shopping center to Summus Capital, an Estonian-based investment company. The value of the deal amounts to €103 million.

Credit: BIG CEE

How BIG CEE is redefining Retail in the Balkans

BIG CEE has rapidly grown into a leading force in Southeast Europe’s retail real estate market. CEO Lev Weiss discusses the company’s journey, from its first projects in Serbia to major milestones across the Balkans, and shares his vision for future expansion and brand building in the region.

Credit: NEPI Rockcastle

NEPI Rockcastle to extend Promenada Mall Bucharest, Romania

The major development by NEPI Rockcastle, one of Europe’s industry leaders, is currently the CEE region’s largest retail project. The extension is underway and on schedule with an investmnet budget of approximately €300M and a grand opening planned for the first quarter of 2027.

Credit: VIA Outlets

VIA Outlets Raises €500 Million Through Green Bond Issuance

VIA Outlets has successfully placed €500 million of senior unsecured fixed-rate green bonds due 2032. The issuance attracted strong demand from institutional investors resulting in a €1.8+ billion orderbook and an oversubscription of 3.6x. The bonds carry a seven-year maturity and a fixed annual coupon of 3.5%.

Credit: Futureal Group

Futureal concludes new financing agreement for Etele Plaza

Futureal, the owner of the Etele Plaza shopping and entertainment centre, has agreed with a consortium of three banks to refinance its existing loans and provide a new credit facility. The pan-European property developer has signed a €165 million loan agreement with a consortium comprising Erste Bank Hungary Zrt., Erste Group Bank AG and UniCredit Bank Hungary Zrt.

Photo by Josef Stepanek on Unsplash

Humanic Sold to Slovenian Investor Group

A surprise move in the retail sector: Austria’s Leder & Schuh AG, best known for its flagship brand Humanic, has been sold to the Slovenian investment firm Advance Capital Partners. Despite the change in ownership, the company’s headquarters for its 210 stores and 1,700 employees will remain in Graz, Austria.

From left to right: BIG Andrychow, BIG FASHION Novi Sad, Big Čačak /// Credit: BIG CEE

THINKING BIG: FROM THE BALKANS TO POLAND

BIG Shopping Centers Ltd. was founded in 1994 and has grown from a local property developer into a global real estate group with operations in Israel, the Balkans, and Central and Eastern Europe. Today, the company is valued at approximately €4.45 billion on the TASE and holds nearly 90% of AFI Properties Ltd., extending its reach to seven countries and more than 1.38 million sqm of leasable space. Its portfolio includes open-air shopping centers, malls, outlets, offices, and even renewable energy, with a consistent focus on creating long-term value through brand strength and operational excellence.

Credit: © Westfield Donau Zentrum

50 Years of Westfield Donau Zentrum in Vienna: A Milestone Shaping the Future of Urban Retail

Vienna’s Westfield Donau Zentrum is celebrating its 50th anniversary under the motto “50 Years of Future – Shaping the Shopping Experience of Tomorrow.” Austria’s largest shopping and leisure destination is not only looking back at five decades of transformation but also forward, with a clear focus on innovation, sustainability, and urban quality of life.

Image credit: MPC Properties /// Portrait credit: Miomir Milic

GREEN CONSTRUCTION, HEALTHY SPACES: MPC PROPERTIES’ SUSTAINABILITY JOURNEY

From pioneering Serbia’s first LEED-certified shopping center to installing solar plants and creating rooftop gardens, MPC Properties is setting new benchmarks in sustainable real estate. This exclusive article by Slobodan Cupać, Head of Technical Operation and Facility Management, reveals how green construction, energy efficiency, and community engagement are shaping a healthier, more resilient future.

Credit: Redevco

Redevco Closes Second Loan Investment Providing a €67m Facility to Support 2 German Logistics Developments

Redevco, one of Europe’s largest privately owned real estate managers, has completed its second loan investment, underscoring the growing momentum for its real estate debt business just six months after closing its debut deal. The €67 million loan will fund the acquisition and development of two Class A Mid-Box Logistics projects in Frankfurt and Karlsruhe, with a combined area of 63,000 sqm, by the Invesco Real Estate and Propel Industrial joint venture.

CC REAL’S GASTRONOMY STRATEGY: “HANDS-ON MANAGEMENT INSTEAD OF STANDARD SOLUTIONS”

Gastronomy is no longer just a side element, but a key factor for the attractiveness and dwell time of shopping centers. At CC Real, F&B, therefore, has a permanent place in the expansion and repositioning strategy. Why culinary diversity is a matter for top management, which trends they consistently embrace, and why courage, hands-on management, and individual concepts make the difference: Those are the topics discussed by Markus Brugger, Managing Director Asset Management, and Sorin Scurtu, Executive Director Leasing. Despite their enthusiasm for gastronomy, the managers have a clear message: Well-executed gastronomy is a differentiating factor, but not a universal remedy.

Credit: Prague City Tourism

PALLADIUM Shopping Center to be acquired by Reico

Part of the Austria based Erste Group, REICO is soon to acquire PALLADIUM Prague shopping center, in Prague, Czech Republic. As of today, the value of the transaction has not been revealed, and the transaction is currently being assessed by the Office for the Protection of Competition (UOHS).