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In these uncertain times, it is no surprise that consumers are being more savvy with their money. Nowhere is this better evinced than in the growing popularity of outlet retail, which is now more attractive than ever to the UK’s bargain hunting consumers.

Belgrade’s Ada Mall will open its doors at the end of 2018. In an interview with ACROSS, Arn Willems, Managing Director Croatia at GTC, responsible for overseeing the leasing of Ada Mall, explains the relevance of the optimal tenant mix.

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 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.

Bispevika in Norway, Eperia in Slovakia, Loom and Wilmersdorfer Arcaden in Germany, Vialia and Palmas Altas in Spain, CityLife Shopping District in Italy, Meadowhall in the United Kingdom.

Jardín Plaza Cúcuta shopping center, carried out by Sonae Sierra and the Colombian company Central Control, and The Shops at Clearfork, a 46,400-sq-m, open-air luxury shopping, dining, entertainment, and mixed-use destination situated in the heart of Fort Worth, Texas, USA.

The way malls co-exist with their immediate surroundings is currently undergoing a fundamental structural change–on a multitude of levels.

The drafters of the Savills Global Luxury Retail Report have discovered that luxury retailers are currently focusing on top locations.

Relentless cost cutting and highly flexible supply chains, sensitive to every change in the whims of consumer taste, are the stock in trade of today’s successful value fashion retailer on the unforgiving battlefield of Europe’s High Streets. At the other end of the spectrum, luxury brands deliver experiences that are more akin to theatre and TV commercials than the stores of times past.

The Clees Group has officially started construction of the City Outlet Wuppertal. The preparatory measures have been running since July. From this point on, things should continue at full speed for the centrally-located project in Döppersberg, in the district of Elbersfeld.

Gránit Pólus Group has signed a credit agreement of €335 million with a syndicate of Erste Group Bank, Erste Bank Hungary Zrt., UniCredit Bank Hungary Zrt., UniCredit SpA, and K&H Bank Zrt. to refinance existing loans and provide a capex credit line for WestEnd City Center in Budapest.

Deutsche Hypothekenbank is financing Galeria Baltycka in Gdansk for the property company Shopping Center Galeria Baltycka GmbH and Co. KG sp.K.

Commerz Real is putting out feelers for new shopping centers. In an interview with ACROSS, Katharina von Schacky, Global Head of Real Estate Markets Shopping, reports that purchase prices are somewhat unrealistic.

We are living in probably the most interesting and exciting times for the retail industry as a whole. I believe that we are at a tipping point. You only have to look at the two most successful fashion brands today: H&M and Inditex Group.

Dining, enjoying, relaxing, and shopping. Center operators are completely revamping their menus.

Grosvenor Europe knows that, with the rise of e-commerce, it is essential to provide a full shopping, leisure, and dining experience to meet guests’ needs. They are thus implementing appropriate measures – for example in Sweden.

Most people who have worked in the hospitality industry understand the “full service” circle. This describes how we have to work hard for our guests to provide them with exactly what they want, whether in a restaurant, bar, or hotel, by working as a team.