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The acquisition of Westfield by Unibail-Rodamco also offers new opportunities for 26 shopping centers in the German portfolio. Tenants as well as customers should benefit.

Holistic consulting and servicing of retail real estate is becoming increasingly important in the industry. The Austrian Centerprise Group has dedicated itself precisely to this purpose, even beyond national borders.

Let’s face it: The general market sentiment for off-prime shopping centers, and even for well-performing assets in less prominent locations, is currently shaped by increased investor uncertainty about the future performance outlook for the asset class as a whole. Consequently, not much has happened in the European shopping center sector since the beginning of this year.

The southern European country, which is still recovering from the latest economic crises, is not exactly known for its full pipeline. However, Sonae Sierra and Bluehouse Capital recently announced the “Fashion City Outlet” in Larissa.

The basic concept of shopping will not significantly change, forecasts Silvio Kirchmair, CEO of umdasch The Store Makers. However, he does anticipate legal intervention. Google, Facebook, and Amazon will all be required to pay their financial obligations to the State.

In the face of considerable changes in the retail market and changing consumer purchasing patterns, ECE had to think beyond traditional retail practices. Katrin von Soosten is chasing and finding innovative ideas and non-traditional concepts.

Quartier du Flon is a contemporary area of 55,000 sq m, located in the heart of Lausanne, which has developed into a vibrant shopping and entertainment area.

According to Adam Pearce, Managing Partner at Kintyre, the currently inflated investment market for retail assets is not substantiated by the underlying trading environment for traditional brick-and-mortar retailers.

Leslie Jones Architecture in London and Urban Experts in Kiev have been appointed by international developers Immochan Ukraine to design the interior of Rive Gauche shopping and entertainment complex in Kiev. With nearly 400 shopping centers managed in 12 countries across Europe and Asia, Immochan is one of today’s leading European commercial real estate companies for shopping centers. Simon Scott, Head of International Business at Leslie Jones Architecture, reveals details about Rive Gauche’s interior design.

The Swedish furniture giant may still be in the planning stage for this project, but worldwide first Ikea city-location at Vienna’s Western Train Station is already beginning to take shape.

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.