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shopping center

MVGM takes over center management of mixed-use asset Lili Wiesbaden

MVGM has been commissioned with the center management for Lili in Wiesbaden. The mixed-use object in the Hessian capital covers an area of around 37,000 sq m. The former Lilien-Carré has been named Lili since 2019 and owned by a fund sponsored by Orion Capital Managers since the end of 2014.

Sonae Sierra secures 30 tenants for their shopping centers in Germany

In total, Sonae Sierra signed 30 new leases in six locations: for Alexa in Berlin, Mercaden in Boblingen, Mercado, Quarrée Wandsbek, and Ottensen commercial building in Hamburg, and Munster Arkaden in Munster. In addition, more than 30 contract extensions and agreements for pop-up stores were achieved.

Ampega and Hahn Group acquire Krohnstieg Center in Hamburg

As strategic partner, the Hahn Group has accompanied the acquisition of the Krohnstieg Center by a special fund affiliated with Ampega Investment GmbH. The seller of the property is Hamburg-based HBB, with iMallinvest Europe GmbH acting as the transaction advisor.

Mitiska Reim transforms Dutch retail convenience center

Mitiska REIM announced the completion of transforming the Retail Centre De Lely, located in the Dutch city of Arnhem. Acquired in July 2018, a 30-month value-add programme has now been completed which has remodeled the look, layout, and tenant mix of the convenience center.

Youseum enters German market at Westfield Centro

A new Youseum venue is set to open at Westfield Centro in Oberhausen this fall, expanding their portfolio in Europe. The social media experience will cover more than 1,000 sq m.

Hammerson sells Silverburn shopping center to Henderson Park

Hammerson announced it has completed sales of six non-core assets for total gross cash proceeds of ~ €107.7m since the half year. The largest constituent is the exchange an unconditional contract for the sale of Silverburn, a 100,000 sq m shopping center near Glasgow.

Altera buys convenience center in Helmond (NL)

Altera Vastgoed NV has purchased the Brouwhorst neighbourhood shopping center in Helmond. The object is an open-air convenience center servicing the local community and was built in 1987. It consists of six blocks and was partially renovated in 2015.

Futureal buys Galeria Bemowo shopping center in Warsaw

Futureal Investment Partners has acquired the Galeria Bemowo shopping centrr in Warsaw. The acquisition is the company’s third, following the Manhattan Shopping Center in Gdansk and Wratislavia Tower in Wroclaw.

Union Investment acquires food-anchored shopping center in Florida

Union Investment has acquired the Fountains of Boynton shopping center in Florida. The complex, which consists of five buildings, is located in Boynton Beach, a centrally located suburban community in northern Palm Beach County, about 30 kilometers south of West Palm Beach International Airport.

Sinsay gets flagship expansion at Westgate

The fashion brand Sinsay, which is part of LPP Group from Poland, has launched its new store at Westgate Shopping City. They have been a loyal tenant at the center for years and now relocated to an expanded shop with a new concept that includes both fashion, and home accessories.

Titanium acquires Ozols shopping center in Riga

The asset was exited by KS Holding to Titanium Baltic Real Estate. The former shopping center Galerija Azur was acquired by the seller in 2016 and redeveloped over three years, then opened under the new name Ozols.

SES acquires ARKADIA retail park in Slovenia

SES Spar European Shopping Centres is expanding its footprint with the acquisition of ARKADIA retail park in Domžale near Slovenia’s capital Ljubljana. The purchase agreement was signed on 11 June 2025 and is subject to approval by the competition authority. With 19 shops and strong anchor tenants, ARKADIA becomes SES’s sixth location in Slovenia, further reinforcing its international growth strategy. The seller is the Generali Adriatic Value Fund I, managed by Generali Investments Slovenia.

SES Spar European Shopping Centers is the market leader for large-scale shopping malls in Austria and Slovenia, and is now strengthening its position on the Slovenian market. The contract for the purchase of the ARKADIA retail park in Domzale, north-east of the capital Ljubljana, was signed on Wednesday, 11 June 2025. Subject to approval by […]

Scallier Expands Its Organizational Structures in Poland

Scallier, a Poznan-based company operating in the commercial real estate sector in Poland and Romania, is expanding its management structures as part of its operations in the country. Since mid-April 2025, Rafał Langer has been leading the Property Management Department as Head of Property Management.

Rafał Langer brings over 20 years of experience in managing commercial real estate in Poland, including projects in the office, warehouse, retail, service, and residential sectors, as well as large-format facilities. He has gained his expertise and industry knowledge through cooperation with international corporations, investment funds, administrative institutions, development companies, as well as individual entities […]

M Core Announces Strategic €500m Joint Venture with Hermes Properties across Iberia

Pan-European real estate investment and management powerhouse M Core has entered into a strategic joint venture with Hermes Properties. This partnership will spearhead the development of high-quality retail parks and standalone long-let supermarkets across Spain and Portugal.

Under the terms of the agreement, M Core and Hermes Properties will combine their capital, expertise, and operating platforms to develop, and manage new investment opportunities in line with a clear set of investment parameters. The joint venture is expected to deploy up to €500 million over five years. M Core, known for its long-term, […]

Eurofund Acquires 50% Stake in Mall of Berlin in €700 Million Deal according to media reports

The European retail investor Eurofund reportedly secured a 50% stake in the Mall of Berlin, one of the German capital’s prime retail and mixed-use properties. The transaction, based on a €700 million valuation, signals Eurofund’s growing commitment to the German market.

According to media reports, the Eurofund Group has agreed to acquire a 50% stake in the Mall of Berlin, one of the city’s most prominent shopping and mixed-use centers. The deal, revealed by Green Street News, values the entire asset at approximately €700 million. Located on the prestigious Leipziger Platz in the heart of Berlin-Mitte, […]

“CONSUMPTION CAN BE AN EXPRESSION OF CONTROL, ESPECIALLY IN UNCERTAIN TIMES”

What will drive consumers in 2025? Why are the boundaries between discount and luxury blurring? How does a simple purchase become a meaningful experience? In this interview, consumer researcher Monika Koller from WU Vienna University of Economics and Business discusses emotional value dimensions, contradictory consumption patterns, and the challenge of creating genuine added value in a dynamic consumer landscape.

ACROSS: Professor Koller, you conduct research into the development of the consumer world. What will be decisive for consumer when shopping in 2025? MONIKA KOLLER: The consumption of products or services can no longer be reduced to functional aspects such as price or quality. Our research clearly shows that consumers are seeking value, in other […]

M Core Expands Romanian Retail Portfolio with Over €150 Million in Strategic Investments Over Six Months

Romania’s retail park owner M Core has reinforced its market leadership through a series of high-impact acquisitions and developments within the past six months. With over €150 million deployed in Romania year-to-date, the company has successfully acquired Focșani Shopping Centre from KBC, Suceava Shopping City, and seven retail parks from property investor MAS.

Concurrently, M Core has completed six retail developments and maintains an active pipeline exceeding €200 million in projected developments over the next two years. Focșani Shopping Centre, a core retail asset spanning 45,000 sq m with a 92% occupancy rate in 2025, further strengthens M Core’s national presence. Home to more than 100 retailers, the […]

Union Investment reorganises management teams in its real estate fund management companies

Union Investment Real Estate GmbH has announced a key leadership change, appointing Karim Esch to the company’s management board effective July 1. At the same time, Kirsten Ludwig will join the executive team of Union Investment Institutional Property GmbH, taking over Esch’s responsibilities in fund management for both open- and closed-end real estate funds.

Karim Esch, a seasoned expert in real estate investment, will assume responsibility for investment management at Union Investment. He succeeds Martin Brühl, who stepped down from the role in April at his own request. Esch holds a degree in banking management and a Master of Finance in Real Estate. He began his career at Union […]

Zara owner Inditex Reports Tepid Q1 Results Amid Currency and Consumption Headwinds

Inditex, the global fashion giant behind Zara, released its first-quarter results today, signalling a challenging start to the financial year. The Spanish retail powerhouse reported revenue of €8.27 billion, marking a modest 1.5% increase from the same period last year, underperforming analyst expectations.

The parent company of brands such as Zara, Massimo Dutti, Stradivarius, Pull & Bear and Bershka described the results published on Wednesday as “solid”, although the figures fell short of analysts’ expectations. Between February and April, Inditex generated revenue of €8.27 billion, representing a 1.5% increase compared to the same quarter last year. Adjusted for […]

Fiba CP CEO Yurdaer Kahraman Receives “Outstanding Industry Leader” Award at Retail Days

Yurdaer Kahraman, CEO and Board Member of Fiba Commercial Properties, as well as Member of the ACROSS Advisory Board, has been honored with the “Outstanding Industry Leader” award at Retail Days, one of the most prestigious and respected events in the Turkish retail sector.

Held annually to celebrate individuals and organizations that shape the future of retail, this award highlights Mr. Kahraman’s visionary leadership in both the retail and commercial real estate sectors. Kahraman was recognized for his sustainability-driven strategies, customer-centric innovation, and his role in positioning Fiba Commercial Properties as a globally recognized brand, with a robust portfolio […]

Matalan Plans Multimillion Pound Investment In The UK

Following its multi-year transformation program, the fashion and homeware retailer aims to invest over 25 million pounds into its UK store estate this year.

Matalan plans the upgrade of around 30 stores and the opening of 10 new or relocated sites across key areas in the country. The decision comes after a 25-million-pound funding boost from anchor investors last month. The company said the store refurbishments will include improving layouts and elevating store design, e.g. by creating greater definition between key departments […]

Ibrahim Ibrahim Named Honorary Visiting Professor at Welsh School of Architecture

Ibrahim Ibrahim, Managing Director of Portland Design, and Member of the ACROSS Advisory Board, has been appointed Honorary Visiting Professor at the Welsh School of Architecture (WSA), part of Cardiff University.

A leading authority on place, people, and future-responsive environments, Ibrahim brings over three decades of global design and strategy experience to the academic community. In this role, he will contribute to the school’s teaching and research ambitions, help shape its evolving identity and strengthen ties between academia and industry. “It’s a real honour to join […]

Takko Fashion Achieves Record Results In FY 2024/2025 And Continues Growth In Q1

Discounter Takko Fashion has recorded the highest sales in the company’s history for the 2024/2025 financial year. The company is thus continuing its growth course consistently and against the industry trend.

Takko Fashion achieved record sales of 1,316.8 million euros in the past financial year, which ended on January 31, 2025. This corresponds to a year-on-year increase of 3.3% (compared to the 12-month period from February 1, 2023 to January 31, 2024: 1,274.4 million euros). This increase is primarily due to strong like-for-like sales growth of […]

Cushman & Wakefield Takes Over Property Management And Leasing Of Aupark Bratislava

As of June 2025, Cushman & Wakefield has taken over the property management and leasing of the Aupark Bratislava shopping center, bringing the best of its retail expertise from across Central and Eastern Europe.

Aupark Shopping Centre in Bratislava has long ranked among the most successful retail destinations in Central Europe. It consistently places at the top of the charts for footfall and turnover among shopping centers in Slovakia. With nearly 250 shops spread across more than 65,000 sq m, it attracts millions of visitors annually. Thanks to its […]

NEPI ROCKCASTLE CEO RÜDIGER DANY TO LEAVE COMPANY IN MARCH 2026

Rüdiger Dany, CEO of NEPI Rockcastle, the leading owner, operator and developer of shopping centers across Central and Eastern European markets and the third largest listed retail real estate company in Europe by value of assets, is leaving his position in March 2026.

“Following consultation and agreement with NEPI Rockcastle’s Board, my CEO mandate will end in March 2026,” said Rüdiger Dany, NEPI Rockcastle’s CEO. “This move will allow me to pursue other opportunities in international commercial real estate, the retail industry and consultancy. By making this announcement now, I want to provide enough time for the Board […]

Designer Outlet Kraków Welcomes More Than 50,000 Visitors on Opening Weekend

The grand opening of Designer Outlet Kraków on 22 May drew enthusiastic crowds eager to discover the city’s newest shopping destination. Over 50,000 visitors attended the opening weekend, underlining the center’s strong regional pull and growing appetite for outlet shopping.

Shoppers were welcomed with exclusive opening offers, lively entertainment, unique selfie points and gift card promotions—setting the stage for a dynamic debut and a new chapter in outlet shopping in southern Poland. The opening weekend delivered a strong start for brand partners, with standout performances across the board. “The launch was extremely positive for us,” […]

Gen Z And Millennials Are Redefining The Global Wellness Market

To millennials and Gen Zers, wellness has become a daily, personalized practice rather than a set of occasional activities or purchases. McKinsey’s latest Future of Wellness survey finds that distinct consumer segments are catalyzing demand for goods and services in wellness subcategories.

With more than 9,000 consumers surveyed across China, Germany, the United Kingdom, and the United States, two big ideas stood out in this year’s research: Younger consumers are conceptualizing wellness in new ways, and wellness is showing up in new places. The latest findings reveal ways in which younger consumers are redefining the landscape. Younger […]

Will’s F&B Insights: Beyond Boundaries — THE GRASS IS GREENER ON THE OTHER SIDE!

Let’s take a quick glance beyond the borders of Europe, as many markets hold much more promise than we might think. As businesses contemplate the next steps in their growth strategies, the question arises: when will we see new store openings in countries like Iraq, vibrant dining establishments in Pakistan, and ventures marked with flags in Tanzania or Kenya? Furthermore, why do Bangladesh, India or Saudi Arabia often remain absent from many brands’ master development plans? After years spent in international development, attending countless business meetings and conferences, Will Odwarka, Founder and CEO of Heartatwork Hospitality Consulting, and Member of the ACROSS Advisory Board, presents a candid perspective on this matter: Our collective bias and judgment often deter us from exploring these promising markets.

Beyond the corporate rhetoric surrounding risk/reward analysis, demographic challenges, and corruption, the reality is often much simpler. Our hesitance often stems from preconceived notions rooted in outdated soundbites, hearsay, and inaccurate portrayals perpetuated by the media. It begs the question: Where is our enthusiasm for exploration, for understanding the real stories behind these markets? How […]

Place Of The Week — SILLPARK, Innsbruck, Austria

SILLPARK in Innsbruck, Austria, is undergoing an extensive modernization and redesign process. Owner and operator SES Spar European Shopping Centers is investing more than 30 million euros in the major “SILLPARK 3.0” project, which, along with a comprehensive architectural upgrade, will focus on the construction of an innovative health park in cooperation with Vinzenz Gruppe Service.

The approval of the planning permission has paved the way for the large-scale modernization of SILLPARK Innsbruck, to be implemented by fall 2026 while the center operates as normal and without impacting shop opening times. The construction work on the mall began in early May, with no restrictions for visitors. SILLPARK, Innsbruck’s first city-center shopping […]

The Body Shop Could Make A Comeback In Switzerland And Belgium

Following Coop’s decline to renew the franchise agreement in Switzerland, former Karstadt manager Stefan W. Herzberg plans to take over and reopen The Body Shop stores in Switzerland, as well as Belgium.

In January 2025, Coop announced that it would not be renewing the franchise agreement for The Body Shop Switzerland, which ran until the end of May 2025. Now, Herzberg is already looking for new locations, shared the German Lebensmittelzeitung. Also, the cosmetic chain disappeared from Belgium last year after a bankruptcy, but now seeks a return under Stefan […]

Outdoor Brand Helly Hansen Has Been Bought Up By Kontoor Brands

Kontoor Brands, Inc. has completed the acquisition of global outdoor and workwear brand Helly Hansen for 1.1 billion euros.

The acquisition marks an important step forward for Kontoor as it expands its portfolio of iconic consumer brands, shared the company. “The acquisition of Helly Hansen will increase our growth profile, drive greater category, channel and geographic diversification, and increase our penetration in the attractive outdoor and workwear markets,” said Scott Baxter, President, Chief Executive […]

Shein To Reconsider IPO Plans Amid Criticism Over The Retailer’s Business Practices In The EU

Amid regulatory criticism from the EU, Shein is considering a listing in Hong Kong after the fast-fashion retailer’s proposed IPO in London failed to secure the approval of Chinese regulators.

This would mark the retailer’s third attempt at an IPO. Before its attempt to list in London, Shein had first pursued a listing in New York to gain legitimacy as a global, rather than a Chinese company, and access to a wide pool of large Western investors, reported Reuters. The decision comes as the retailer […]

Gerry Weber Closes All Stores And Sells Trademark Rights To Spanish Fashion Company

The insolvent fashion company Gerry Weber is closing all its stores, with Spanish retailer Victrix taking over the German brand.

After more than 50 years on the market, Gerry Weber is closing all of its remaining own stores in Germany and Europe, including around 40 stores and other outlets abroad, which are about to be sold off. The shutdown is the result of the third insolvency proceedings within a few years, which were opened in […]

MKXART DEBUTS IMMERSIVE PUBLIC ART TRAIL“HERE WE GLOW” AT WESTFIELD LONDON

In close collaboration with Westfield London, MK Illumination UK curated an immersive public art trail under MKxART’s debut project “HERE WE GLOW”, featuring two internationally acclaimed artists: Liz West (UK) and Angelo Bonello (Italy). By connecting Westfield with two of the most respected public art talents in Europe, MKxART helped to position the center as a cultural destination beyond retail.

Placemaking Project by Gilbert Menassa, Global Head of Strategic Communications at MK Illumination NAME OF PROJECT: Here We GlowDEVELOPER: MKxARTOWNER: Westfield London PROJECT HIGHLIGHT: HERE WE GLOW is the debut project of MKxART, the new creative initiative by MK Illumination UK. In close collaboration with Westfield London, the team curated an immersive public art trail […]

ALDI UK TO OPEN TEN NEW STORES THIS SUMMER

Aldi is set to open ten new stores in the UK over the next 14 weeks, while a further 30 stores will undergo a refresh.

The UK’s fourth-largest supermarket, which now has more than 1,050 stores, will be opening new stores in areas such as Oldbury in the West Midlands, Fulham Broadway in London and Brighouse in West Yorkshire, according to company reports. New stores will also be coming to the likes of Caterham in Surrey and Deeside in Wales, […]