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The Vienna-based company CC Real is today among the most significant, albeit so far relatively low-profile, players in the European retail real estate market. In an interview with ACROSS, founders Fabian Kaufmann and Sven Vorih, describe the journey from their beginnings in Croatia to their current expansion strategies in Europe and Australia. The discussion covers experiences in times of crisis, strategic partnerships, refurbishment successes, and the question of why CC Real still firmly believes in the future of retail.

“When the tenant thrives, the asset survives” is an old saying in retail real estate leasing management. But survival is only the baseline – the ambition must go further. Not just to “survive” – the asset should “fly.” But what will it take in 2025 for an asset to take off? For this cover story, we asked leading figures in the European retail real estate sector what they see as the most significant current challenges, as well as the solutions needed, for retail assets not just to survive but to prosper.

KiK is set to close up to 400 of almost 2,400 locations in Germany, following reviews that mapped out the economically underperforming areas. However, existing markets abroad and domestically will continue receiving investments.

Having worked with the company for 6 years, Or Ackerman will now as CEO of G City Europe. With his experience and esteemed qualifications such as CPA and MBA with specialization in financial management, Ackerman will oversee G City Europe’s next chapter on the Polish Market.

After just 15 months, the optimistic venture of Le Big TamTam in the Hanseviertel Hamburg, Germany, has come to an abrupt halt. The food court, launched in July 2024 with the promise of transforming a neglected basement rotunda into a vibrant gastronomic destination, is now closed, at least temporarily, as the management reassesses the concept.

Urban Outfitters has opened a new 745 sq m store in Metrocentre’s Red Mall, joining Zara, Mango, and Stradivarius after a record-breaking summer for fashion sales. The latest addition reinforces the centre’s status as the North East’s go-to destination for global brands.

BIG CEE will officially open Serbia’s first lifestyle retail park – BIG Čačak – on September 18. Covering 16,500 sq m and representing an investment of €25 million, the project introduces a diverse mix of well-known domestic and international brands, along with leisure and entertainment facilities designed for all generations.

In 2025, after more than a quarter of a century of dedicated service to Europe’s retail real estate community, the European Shopping Places Trust (ESPT) will close its books. For the professionals, students, researchers, and industry leaders touched by its work, this moment is less an ending than a milestone. This is a chance to reflect on what has been achieved and the legacy that will endure.

VIA Outlets has appointed Marianne Wesselo as the new Regional Business Director (RBD) for its Central Region, responsible for overseeing Batavia Stad Fashion Outlet (the Netherlands), Landquart Fashion Outlet (Switzerland), and Zweibrücken Fashion Outlet (Germany). Marianne is part of the VIA Outlets’ Executive Leadership Team and reports directly to Johan Bergenthal, Chief Operating Officer.

RX France has announced the appointment of Nicolas Boffi as the new Director of MIPIM, the global urban festival. An engineer and urban planner by background, Boffi has over 20 years of experience in real estate and urban development, working across project management, business development and public affairs.

İnegöl Shopping Mall’s cultural and community-focused initiative, From Tradition to Future, has achieved global recognition, earning four Stevie Awards at the 22nd Annual International Business Awards. The project, developed and managed by Fiba Commercial Properties, received two Gold and two Silver awards, highlighting its impact on corporate responsibility and community engagement.

On November 11, 2025, Munich will once again become the hub of the retail real estate industry as the 16th Münchner Handelsimmobilientag (MHIT) opens its doors. Under the guiding theme “City. Space. Direction. How Polarization Shapes New Retail Formats and Locations”, the conference will gather leading experts, investors, and practitioners to debate the transformative forces reshaping Europe’s retail landscape.

Sonae Sierra, a vertically integrated real estate company and a leading player in the European Shopping Center space, has signed an agreement with Unibail-Rodamco-Westfield to acquire its German business unit dedicated to the management of shopping centers for third parties – Unibail-Rodamco-Westfield Real Estate Management (“URW REM”). The transaction is subject to approval by the relevant competition authorities.

NEPI Rockcastle N.V., Europe’s third largest listed retail real estate company by portfolio value, achieved a 12.1% growth in NOI (net operating income) year-on-year in the first half (H1) of 2025 to €307 million as a result of the large acquisitions completed in 2024 and a continued improvement in the existing portfolio through active asset management, despite a challenging macroeconomic background.

At the upcoming Expo Real 2025 in Munich (October 6–8), retail real estate takes center stage: a redesigned layout in Hall B3 promises better visibility and connectivity, while keynote addresses and panel talks—including a session on AI‑powered customer loyalty—underscore the industry’s forward-looking agenda.

Austria-based developer SES Spar European Shopping Centers has launched construction of its latest project in Croatia: a modern retail park on the historic former Varteks textile factory site in Varaždin. Scheduled to open in 2027, the €28 million investment will include the region’s first Interspar hypermarket, 12 shops, restaurants, and services across 11,500 square meters.

French retail real estate group FREY has cemented its position among Europe’s top three outlet operators with a €410 million acquisition of three flagship shopping villages in Italy. Backed by a €650 million strategic partnership with Cale Street, the deal brings Franciacorta (Lombardy), Valdichiana (Tuscany), and Palmanova (near Trieste) under FREY’s umbrella, adding 90,000 sq m of retail space and 11 million annual visitors to its portfolio.

ACROSS Magazine speaks with Giacomo Biraghi, co-founder of Stratosferica and one of the driving forces behind the Utopian Hours festival, a one-of-a-kind international gathering in Turin that reframes how cities are celebrated, studied, and shaped. In this interview, Biraghi discusses the ethos behind the event, its approach to urbanism, the evolving role of retail real estate, and how Turin is benefitting directly from this growing global platform.

Berlin’s ALEXA shopping center has just become a paradise for collectible lovers as POP MART opens its very first German retail store, bringing coveted designer toys and exclusive limited editions to the heart of the capital.