Last week, FASHION HOUSE Group started construction works on the second phase of the second outlet center in the local portfolio, FASHION HOUSE Pallady, which will open its doors in the third quarter of 2024.
SES Spar European Shopping Centers is consolidating its position in the Northern Italian market. With the purchase of the IL GRIFONE shopping center in Bassano del Grappa, located in the highly affluent region of Vicenza/Veneto, the real estate developer and operator takes over a well-established location with immediate effect.
As a participant and contributor to the world of hospitality for over 30 years, Will Odwarka shares in this column insights, thoughts, and concepts that represent the contemporary challenges of our industry either as part of a retail environment or as standalone operations. He will do this without sugarcoating and superficial bumper sticker statements.
ECE’s Adigeo is considered one of the largest and most modern inner-city shopping centers in Italy. The center impresses with its imposing architecture as well as its modern and innovative orientation and overall concept geared towards comprehensive sustainability.
VIA Outlets has recruited Johan Caspar Bergenthal as Chief Operating Officer. Starting mid-October, he will work alongside CEO Otto Ambagtsheer to accelerate VIA Outlets’ growth strategy across its 11 premium fashion outlets.
The European shopping center market overvalues design and investment but needs to pay more attention to atmosphere, interaction, and service, says Will Odwarka. This hurts the centers and especially their gastronomy section. The founder and CEO of Dubai-based Heartatwork Hospitality Consulting explains in his conversation with ACROSS editor Reinhard Winiwarter why excellent, personable service is the prerequisite for everything in the field of gastronomy.
The GRAI 2/2023 shows increased signs of recovery in eleven European countries. The UK, Poland, Spain, and Italy showed solid gains. Overall, the GRAI increased by six points to 113 points. However, the gap between Europe and indices in North America and Asia/Pacific is growing.
Unibail-Rodamco-Westfield celebrates topping-out ceremony at Westfield Hamburg-Überseequartier with more than 300 guests. There is enough reason to celebrate: The Pre-letting rate in retail, food & beverage and leisure is at 85 percent
Despite the current unfavorable economic situation in Poland, retail parks are still growing rapidly. Nevertheless, Trei Real Estate Poland has built and opened 35 retail parks under the Vendo Park brand, and has another three scheduled to open later this year. The company may even say that in the face of many market challenges business is going very well.
MEC again increased its rental performance compared to the already strong prior-year period. The contractual partners include Woolworth, Ernstings Family, Takko, C&A, Media Markt, Kaufland, Deichmann, Aldi, Rossmann, Kik and alltours.
While the mood in Central and Western Europe’s retail sector is dominated by “gray clouds”, center developers and operators from the SEE and CEE regions are in a completely different situation. In an interview with ACROSS Publisher Reinhard Winiwarter, Rüdiger Dany, CEO of NEPI Rockcastle, explains his 700 million development pipeline, how NEPI is profiting from ESG, and in which regard the West can learn something from the East.
Europe’s third largest listed retail real estate company by portfolio size, NEPI Rockcastle, delivered a 23 percent uplift in Net Operating Income (‘NOI’) for the first six months of 2023 (‘H1 2023’) to 241 million Euro. Distributable earnings per share increased by 24.9 percent to 28.52 eurocents for H1 2023 compared to H1 2022.
Ingka Centres has announced a new investment of around 170 million Euro into a major expansion of its Kungens Kurva shopping center in Stockholm over the next 10 years.
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