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Rüdiger Dany, CEO of NEPI Rockcastle. /// credit: NEPI Rockcastle

NEPI Rockcastle Starts 2024 With Double Digit Growth In Net Operating Income And Tenant Sales

NEPI Rockcastle achieved a 12.7% uplift in net operating income (NOI) to 135 million euros in the first quarter (Q1) of 2024 versus Q1 2023. On a like-for-like (LFL) basis NOI was up 9.4%. This solid growth was driven by higher base rents and tenant turnover as well as tight management of operating costs across its retail property portfolio, the largest in Central and Eastern Europe, reveals NEPI Rockcastle in its latest Q1 2024 business update.

credits: EVATRIFFT/JOST GANTAR/FLORIAN STÜRZENBAUM/SES

FIRST AND FOREMOST OUR FOCUS IS ON CUSTOMER RELEVANCE

“We are firmly committed to continuously raising the level of our malls,” says Christoph Andexlinger. The SES CEO explains why reliability and the continuous development of quality and offers are the best paths forward and why the industry urgently needs to work together to present shopping centers as places that provide attractive working conditions and benefits, which, in fact, they are.

credits: EVATRIFFT/JOST GANTAR/FLORIAN STÜRZENBAUM/SES

FIRST AND FOREMOST OUR FOCUS IS ON CUSTOMER RELEVANCE

“We are firmly committed to continuously raising the level of our malls,” says Christoph Andexlinger. The SES CEO explains why reliability and the continuous development of quality and offers are the best paths forward and why the industry urgently needs to work together to present shopping centers as places that provide attractive working conditions and benefits, which, in fact, they are.

credit: Signa Group

Chronology – The Collapse Of The Signa Empire

Signa Group has become the largest insolvency case in Austria’s history, and also one of the biggest in Europe. In the following, we present a detailed chronology of Signa´s collapse.

credit: Placewise

Centers and their tenants need a joint focus on the end user!

Susan Hagerty Bonsak is the new CEO of Placewise and, in this role, one of the recent members of the ACROSS Advisory Board. She strongly believes in footfall and the future of physical malls. In her first interview with ACROSS, she shares her view on the European shopping center industry, the importance of data connected with technology, and why a collaborative focus of all stakeholders is so important.

credit: NEPI Rockcastle

NEPI ROCKCASTLE: TENANT SALES AND ACQUISITIONS DRIVE STRONG GROWTH

NEPI Rockcastle’s net operating income (‘NOI’) rose 23% in the first nine months of 2023 (‘9M 2023’) to 365 million Euro, versus the same period of 2022, continuing the robust pace of growth since the end of the Covid pandemic. The main drivers of the strong performance were a combination of tenant sales performance and the contribution of the acquisitions completed in 2022.

Paunsdorf Center, Leipzig. /// credit: Eric Kemnitz, URW

Paunsdorf Center: Construction of Germany’s largest photovoltaic system on a shopping center roof is starting

In October, the largest photovoltaic system installed on a shopping center roof in Germany will be completed at Paunsdorf Center in Leipzig. Construction work starts at the end of July. Paunsdorf Center is working closely on this project with the city of Leipzig and its cooperation partner Leipziger Stadtwerke. The project shows that the retail and leisure destination takes its responsibility as a local player seriously and is expanding and strengthening local partnerships.

Conclusion Euroshop 2023 – International but more emotions needed

EuroShop 2023 has closed its doors for 2023. 1830 exhibitors from 55 nations presented their product innovations to approximately 81,000 trade visitors from 141 countries. Heidemarie Kriz reflects on the five days of the trade fair and concludes that while the fair had international appeal, the exhibitors could have been more emotionally engaging.

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Shaping Spaces: Top Placemaking Projects of 2025
Across the globe, developers and architects are reimagining what it means to create “retail space.” The projects featured in this special edition, selected by leading industry experts, represent more than just successful developments; they are blueprints for the future of how we live, shop, and connect.
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