ACROSS | The European Retail Real Estate Magazine

Ticker

SRV-implemented Okhta Mall shopping centre in St. Petersburg receives European Property Award

Image: SRV

The Okhta Mall shopping centre, implemented by SRV in cooperation with the Finnish investment fund Russia Invest, has won an award in the European Property Awards 2016 competition. The shopping centre was recognised for both architecture and marketing.

Recognition at the European Property Awards is considered to be one of the real estate sector’s most distinguished accolades. In the competition, an international jury of over 60 experts assesses new properties from the standpoints of architecture, real estate development, interior design and real estate marketing. The Okhta Mall was awarded in two different categories: shopping centre architecture (Retail Architecture) and project marketing (Development Marketing). The 2016 awards were presented on 27 October, at the 25th anniversary gala of the European Property Awards in London.

In addition to architecture and marketing, the Okhta Mall has been recognised for its ecological aspects. From the very beginning, it has been an objective of the approximately EUR 200 million investment project to adhere to the main principles of sustainable development. The Okhta Mall was the first Russian shopping centre to receive a LEED GOLD certificate.

“Okhta Mall is our flagship project in Russia and the cornerstone of our operations in Russia and St. Petersburg. The goal was for the Okhta Mall to be a modern Scandinavian and ecological shopping centre. It is truly excellent that the Okhta Mall has been recognised so soon after opening for what it aimed to achieve,” says Veli-Matti Kullas, SVP, Project Development in Russia.

Construction work on the Okhta Mall began in autumn 2013, and the shopping centre opened in August 2016. The shopping centre, which has a total floor area of 140,000 square metres, is one of St. Petersburg’s biggest as well as the largest retail project implemented in the city in recent years. Its leasable commercial space totals 78,000 square metres. The Okhta Mall’s investors are SRV Group Plc and the Finnish investment fund Russia Invest, which is owned by SRV together with Ilmarinen, Sponda, Etera and Onvest. The Finnish architectural firm L Architects Oy was responsible for the modern Scandinavian design.

Ticker

INGKA CENTRES (FORMERLY IKEA CENTRES) LAUNCHES HANDS-FREE SHOPPING IN RUSSIA

Ingka Centres, formerly IKEA Centres, has launched Hands-free Shopping at three of its MEGA branded Russian shopping malls. It is thought to be the first time the service has been brought to multiple retail destinations of this size in Russia, and reflects Russian consumer demands for convenience, quality service, and time saving in a more omni-channel world.

Arena Mall is transforming, becoming a landmark shopping and entertainment destination for Bacau

Romania: Arena Mall shopping center in Bacau, a reference for the retail market in the Moldova region, will enter into a comprehensive extension and modernization process that will result in a 60% increase of its leaseable area and in the construction of a multi-storey car park.

Excellent retail investment performance and an influx of new brands

Poland: JLL advisory agency summarizes the situation on the retail market at the end of Q3 2018.

Seasalt brings Cornish style to The Mall at Cribbs Causeway, Bristol

UK: The joint owners of The Mall at Cribbs Causeway, intu and M&G Real Estate, have announced that Seasalt Cornwall and Schuh Kids will be the latest new brands to join the centre, while specialist holiday operator TUI confirms an expansion.

SOLIDARITY DAY @ CARROUSEL DU LOUVRE

As part of the Solidarity Day initiatives, on 19 September 2018, a 50-strong group of Unibail-Rodamco-Westfield employees gathered in Paris for a day of giving back, dedicating their time and energy to an association supported by Carrousel du Louvre – one of Unibail-Rodamco-Westfield’s shopping centres.

KLÉPIERRE HOLDS INVESTOR DAY IN THE NETHERLANDS

Klépierre is holding its Investor Day in Amsterdam and Utrecht today.