ACROSS: What is new behind the scenes at Westgate? DENIS CUPIC: In April 2018, the ownership structure of Westgate Shopping City changed, and Mr. Kirchmayr and Plus City exited the company. Focus Invest, which is now the sole owner of … Continue reading
By Nathalie Depetro For the UK only, this number is close to hitting 20 percent – the highest in the world – and this casts a long shadow on retailers that solely operate brick-and-mortar stores, for example, Primark. Brick-and-mortar retail … Continue reading
ACROSS: Please give us a brief overview of EPP. HADLEY DEAN: EPP is Poland’s largest shopping center owner in terms of gross leasable area. Currently, our floor area amounts to just under 700,000 square meters. By summer 2020, we intend … Continue reading
The project is being developed and executed by the Saarbrücken-based Munitor Gruppe. Outlet Center Wadgassen has clearly demonstrated that the Saarlanders know how to awaken important industrial buildings from their slumber. “The citizens of Selb have realized that an outlet … Continue reading
Affine Matthieu Evrard Under the chairmanship of Maryse Aulagnon, Affine’s Board of Directors has accepted Alain Chaussard’s resignation from his duties as Chief Executive Officer and has appointed Matthieu Evrard (photo) to replace him. Chaussard, who had been CEO since … Continue reading
UNITED KINGDOM Boxpark Brighton Boxpark revealed plans to revive Brighton’s iconic Madeira Terrace into an internationally renowned retail leisure and hotel destination. Plans have recently been submitted to Brighton & Hove City Council. The project aims to revive the crumbling … Continue reading
ACROSS: FROM 58 TO 72 STOP SHOPS IN THE LAST ONE AND A HALF YEARS – PLANNED GROWTH IS PROGRESSING RAPIDLY, ISN’T IT? GERALD GRÜLL: Yes, it is; we have announced our intention to grow to approximately one hundred locations in … Continue reading
“We developed this special with our long-standing partner Redevco to give you a closer look at Redevco’s most prominent inner-city projects.” Reinhard Winiwarter, Publisher and Managing Partner, ACROSS Magazine. “As CEO of Redevco, I am proud to showcase some of … Continue reading
As a result of his investment strategy, Trnava entrepreneur Vladimír Poór has sold the established City Arena shopping center, which began its operation three years ago, to well-known investor Peter Korbačka. “I’ve sold one of the companies in my portfolio. … Continue reading
The concept was to create a modern quality of life for all residents, with an outstanding working environment and above-average shopping, leisure and social amenities. The Märkische Viertel, with its around 17,000 apartments, was designed to house up to 50,000 … Continue reading
For 80% of consumers, accessibility and shop diversity are the most important criteria for the success of a shopping center. Customers are not limited to one center, but visit an average of four different locations per year. For most people, … Continue reading
By Colin Brooks Consumers still want to shop, and it is up to the sector to respond with engaging and relevant environments where they can do just that. It is the customer journey that can define the success of a … Continue reading
On Thursday, 21 June 2018, at 5:00 PM, the opening of Designer Outlet Croatia, the new premium outlet village in Croatia, was celebrated via a pink ribbon-cutting ceremony. Participants representing the investors, the operator, the authorities, as well as famous … Continue reading
ACROSS: Is the Designer Outlet Croatia the first IKEA Centres outlet center? BRANKO MIHAJLOV: No, it’s the second. We completed a project in the Algarve region in Portugal, namely the Designer Outlet Algarve, which opened in November 2017 (see ACROSS … Continue reading
By Moritz Lück The success of retail real estate fundamentally depends on how strong brick-and-mortar retail is. The protagonists of digital transformation would add “As long as brick-and-mortar retail still exists”. In the USA, the discussion regarding the seemingly unstoppable decline … Continue reading
ACROSS: Invester has been particularly active in the retail sector in recent months. The Freeport Fashion Outlet located on the Austrian-Czech border has undergone a makeover. At the Parndorf Fashion Outlet, you are also working on a redesign. How far … Continue reading
By Luc Lescault Milan, Italy’s second municipality by population with around 1.3 million inhabitants in 2016, is the administrative capital of the Lombardy region, accounting for 22% of the country’s GDP. The city is the main financial, commercial, and industrial … Continue reading
Based on results of the first half of 2018 in the Russian Capital three shopping centers were commissioned with total leasable area of 97,500 sq m: “Kashirskaya Plaza” with 70,200 sq m, “Milya” with 18,800 sq m and “Petrovsky” with … Continue reading
“Alibaba taking over Klépierre or Amazon and Hammerson: Now, that would really be a game changer,” says Jacques Sinke, CEO of reteam international, explaining, in a relative manner, what has been going on in the European retail real estate industry … Continue reading
A tectonic shift had emerged: On June 7, 2018, Unibail-Rodamco announced that it had completed the acquisition of Westfield, to create Unibail-Rodamco-Westfield. The new industry giant is a combination of two of the strongest and most respected names in the … Continue reading
