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ACROSS

shopping center

Mitiska REIM acquires retail center in Beek (NL)

Mitiska REIM announced the acquisition of Makado Beek retail center from Syntrus Achmea, on behalf of the First Retail International 2 Fund (FRI 2) and in partnership with local co-investment partner and asset manager 3W Real Estate. It is one of the largest retail centers in the Netherlands, attracting over 3 million visitors per year.

Altera contracts Okay Fashion & Jeans for Zwolle Zuid

Real estate investor Altera Vastgoed (Altera) has added Okay Fashion to the district shopping center Zwolle Zuid. Approximately 285 sq m have been leased to the women’s and men’s fashion chain for a long-term period.

This Year Will Be A Time Of Recovery

Frederic Rouleau, Country Asset Manager, head of the Polish division of Multi Corporation explains in this interview how to demonstrate the value of shopping centers in investors’ portfolios.

Thalia opens new flagship store at Neumarkt Galerie

The important anchor tenant of the popular hybrid center at Cologne’s Neumarkt has extended its lease and is investing in a comprehensive modernisation and redesign of its sales premises. After the remodelling, the “Mayersche bookstore” will operate under the new Thalia brand name.

Thomas Hinderling is the new Head of Center & Mixed-Use Site Management

Thomas Hinderling will become Wincasa’s new Head of Center & Mixed-Use Site Management (CMSM) as of May 1, 2022. He takes over the position from Felix Kubat, who is leaving the company at his own request. Philipp Arnold will succeed him as Head of Mixed-Use Site Management (MUSM) German-speaking Switzerland.

Colosseum Mall opens March 24

On March 24, Colosseum Mall in Bucharest officially opens to the general public with the new building and assigned commercial spaces, marking the completion of this retail development.

Haribo opens Germany’s largest store at Westfield Centro

The fruit gummies and licorice specialist opened its tenth Haribo Deutschland store on 212 sq m at Westfield Centro in Oberhausen. In addition to the well-known products and merchandise, customers can look forward to a candy bar with a pick & mix station.

“We are Long-term Partners”

BIG was founded in 1994. The company made a name for itself through the development and operation of shopping centers and retail parks, mainly in Serbia and the neighboring countries. The company is now – expanding, and on its way to becoming a European player. The Publisher of ACROSS Magazine, Reinhard Winiwarter in conversation with CEO of BIG Shopping Centers, Hay Galis:

Redevelopment of Westland Shopping Center at the Finish Line

AG Real Estate is on the verge of completing the extensive renovation and extension works it started in 2019 in Westland Shopping Center in Anderlecht (Belgium). The program includes the arrival of a large department store and a number of new retailers, the expansion of the Food & Beverage offer, and the creation of a leisure center of over 4,000 sq m.

Citycon sells two non-core shopping centers in Norway for €145.4 million

Citycon has signed an agreement to sell two non-core shopping centers in Norway for approximately €145.4 million. According to the agreement, Citycon will divest Buskerud center to Aurora Eiendom AS and Magasinet center to Oslo Opportunity II AS and Vedal Investor AS. The transaction is estimated to close during Q1/2022.

Sustainability – how the industry is responding

Sustainability is the order of the day – for all industries, but especially for the retail industry. What is the status quo in the core consumers sectors, brands, investors and asset managers?

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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