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“In some cases, schemes are trading at the same or even higher sales densities than previous years and, in many cases, better than pre-pandemic, 2019 levels.”

The Allee-Center Remscheid will be extensively modernized and repositioned for the future, as the center operator ECE Marketplaces has now announced. For this purpose, the asset manager DWS intends to invest more than 25 million euros in the redesign and upgrading of the shopping center in the town center of Remscheid on behalf of one of its real estate funds over the next two years. Center operator ECE Marketplaces is responsible for the planning and implementation of the modernization.

“As travel restrictions are eased over the coming months we will see the full return of tourist travel, which is good news for luxury retail destinations across the UK and Europe.”

As if retailers in German city centers have not had enough to contend with in recent years–primarily driven by growing competition from online retailers–now they are also confronted with even bigger economic problems due to the Corona pandemic and the associated restrictions and closures. A continuous analysis of visitor development by GfK shows what has actually happened since the start of the pandemic, who the losers and even bigger losers of the pandemic are, and what the future holds.

“Incorporating the latest trends and changes in shopping behavior in our managed outlets centers, they will be back stronger, driven by innovative glocal marketing.”

The first Delta Planet shopping mall in Serbia extends for 40.000 square meters, has two floors and 850 parking spots for visitors and was built in only 14 months. Visitors will have shops of leading fashion brands, many restaurants and cafés, bookshops, home décor shops and a special attraction in the form of the most modern cinema with 5 auditoriums at their disposal.

Dynamic development of the new Acteeum and Leroy Merlin project – the largest shopping complex in the Koszalin region – attracts well-known brands. Among them the most notable will be Leroy Merlin, Lidl, Agata Meble and LPP group stores – House, Cropp and Sinsay. The growing group of tenants expands hand in hand with the rapid progress of works aimed at commencing the construction of the project, which is expected in the second half of this year.

The first test stations open at 22 MEC locations in twelve federal states, with more to follow. In addition to the luca app and hygiene measures, the greatest possible protection when shopping is possible.

ADG group, a Russian development company, shared its results for the first quarter of 2021. As the government in Moscow has officially lifted restrictions and started free vaccinations, brick & mortar retail in Russia is on the road to recovery after the impact of the pandemic and ADG’s chain of neighborhood centers is poised to demonstrate strong dynamics.

Previous year successes of Acteeum – i.e. the opening of Galeria Chełm and starting construction of Galeria Andrychów in the Power Center format, show that despite challenges related to the coronavirus epidemic, the market welcomes new, well-thought-through projects in good locations. Acteeum is consistently expanding its portfolio throughout Poland preparing the new project – Ostróda Power Center.

Real estate investor Altera Vastgoed NV has sold the Arendshof II shopping centre in oosterhout. The property comprises approximately 9,125 sq. m comparisson retail space and an indoor parking garage with 562 parking spaces.

In Poland, 2020, a turbulent year, has brought about many changes in the retail market. The unexpected occurrence of the pandemic has complicated the situation for both contractors and tenants. However, Covid-19 has not so much initiated new trends as it has dynamized the existing ones. It is not only about the growing importance of the omnichannel approach, especially with regard to e-commerce; the increasing share of retail parks and convenience centers in retail sales also ranks as one of the key trends. As research has shown, smaller-scale commercial formats have been most successful in dealing with the challenges brought about by the pandemic.

Sustainable retail real estate is extremely popular with investors and operators these days. SES Spar European Shopping Centers is playing a pioneering role in this area throughout Europe.