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“High streets and shopping centers will need to focus less on filling space with stock, and more on reutilizing that space for wider social and cultural needs, as well as for showrooming, fulfilment, back-of-house functions, and last-mile delivery.”

ECE recently opened the Cano shopping center that it has developed and realized in the city of Singen in Southern Germany after roughly two and a half years’ construction.

European urban real estate investment manager Redevco finished the large-scale renovation of Parque Corredor in Madrid. The construction works, which started a year ago, have been completed ahead of schedule despite the extensive measures issued by the Spanish government in response to COVID-19. More than 300 workers continued building works in shifts during the so-called lockdown period, after assuring the implementation of a very strict Health & Safety protocol.

The SES-operated shopping center WEBERZEILE located in Ried, Upper Austria, now generates its own environmentally friendly solar power, which is also the case at SES shopping center MURPARK in Graz. Last week, SES Spar European Shopping Centers commenced operation of a 520-kWp photovoltaic rooftop installation, which produces approximately 500,000 kilowatt hours of clean electricity per year for its own use and reduces CO2 emissions by 128 tons. The photovoltaic system installed atop WEBERZEILE is the largest to be mounted by SES to date and is the benchmark for the installation of solar power systems on the roofs of other SES shopping centers throughout Austria.

Covid-19 led to mobility restrictions throughout Europe, and the range of measures included the closing of shopping centers. In Estonia, where malls were closed for one and a half months, they have been reopened and visitor numbers are good, but it will take another three or four months to return to the former level, believes Guido Pärnits, CEO of the Ülemiste, the largest shopping center in Estonia.