CURRENT PROJECTS, TRENDS AND STRATEGIES OF DEVELOPERS
The construction of Eurovea’s expansion is in full swing. The shopping mall will be opening in April 2023 in full size and in a new design. The project is a clear symbol and indicator for the ungoing mixed-use trend.
Reify. is Sonae Sierra´s rebranding of its real estate expertise activity which reinforces its commitment to offering multidisciplinary services to investors and developers. ACROSS spoke with Jorge Morgadinho, Reify.’s Executive Director, about the first business year after the rebranding.
Nhood Services Italy became a service provider for the urban transformation project of Waterfront di Levante, located in Genoa. Due to the special architectural solutions made by Renzo Piano, Waterfront can be described as a low environmental impact project for the city.
Property developer and asset manager, Sovereign Centros, has submitted a planning application outlining its masterplan proposals for the reimagination of St. Enoch Center in Glasgow. The mixed-use development puts focus on retail, leisure, entertainment, hotel, offices, and city center living.
Iulius Group is launching a new investment in Cluj-Napoca: more than half a billion Euros for their urban regeneration project in Romania.
Deutsche Immobilien-Gruppe (DI Group) is now investing more than €12 million in the expansion and renewal of its shopping center "Rathaus Center Pankow". The extension will create about 2,100 sq m, 7% more space.
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.
TORG International will collaborate with Start Concept on leasing the first outlet in Brussels. Construction of the entire project is well advanced with an opening planned for late 2023.
Since the groundbreaking celebration in September 2021, construction of the 12,500 sq m phase 1 of Tbilisi Outlet Village has well progressed. The opening is now set for spring 2023.
Supersam, a shopping destination and office building in the city center of Katowice (Poland), is undergoing a transformation. The mixed-use property will be modernized and expanded.
Over 1,800 parking spaces, an upgraded façade, a new lifestyle area, and additional greenery are now open to the public at Designer Outlet Sosnowiec.
Atrium’s flagship shopping center in Warsaw (Poland), Atrium Promenada, begins the next stage of its redevelopment. The investment aims to refurbish the second part of the shopping center, the first one was completed in autumn, 2018.
The Polish company Scallier has obtained the building permit for a new retail park with a leasable area of 9,975 sq m (GLA). The facility is located in Vaslui, a city in eastern Romania, and scheduled to be put into service in 2022.
TORG International has forged an alliance with UK outlet developer Rioja Estates. In a first step, two active outlet projects under development by Rioja Estates will be jointly marketed and leased – Malmö Designer Village in Southern Sweden and Grantham Designer Outlet Village in the UK.
Ingka Centers reveals plans for Livat Kunming, a new meeting place in Kunming, the capital of the Yunnan province, China.
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.
Flannels and H&M have committed to opening their Irish flagship stores at Clerys Quarter. The development is due to open in Q4 2022, with an extensive food and beverage offering to complement retail units and Grade A offices.
The project is developed by HG Invest in cooperation with FOC Retail Service GmbH and Outlet Evolution Services. On an area of more than 20,000 sq m, 70 shops and several hundred new jobs will be created in two phases. Its first phase will be opened in 2023, phase two is scheduled for 2026.
Following its market entry in Italy, Immofinanz is continuing the expansion of its STOP SHOP retail park brand in the Adriatic region. In Croatia, the number of retail parks is to be increased from currently four to more than 20 locations in the medium term.
Scallier has obtained the building permit to construct another retail park in Romania. Situated in Turda, the development will provide around 9,000 sqm of space to let. Populated by some 50,000 people, Turda is a town in the northern part of the country.
