ACROSS | The European Retail Real Estate Magazine


IRUS European Retail Property Fund sells Wroclaw Futura Park

IRUS European Retail Property Fund, one of the largest private-capital pan-European retail property funds, has sold Wroclaw Futura Park to the global real estate investment manager, LaSalle Investment Management (“LaSalle”).


TH Real Estate secures new SEK850m debt financing for Swedish Shopping Centre

TH Real Estate has secured a new SEK850m debt financing for Nova Lund, Shopping Centre in Lund, Sweden. The new seven year, fixed rate facility has been provided by SEB, a key player in their domestic real estate market, and a new relationship lender for TH Real Estate, on competitive terms.


Re-imagining light for the 21st century

Since the dawn of mankind, sight has been our primary sense for gauging the world around us. Nature is brilliant at producing stunning displays of light in the form of a brilliant night sky, light refraction creating rainbows, the Northern Lights, or simply bright sunlight.

Cover Story

“You have to grab tourists where you find them”

Around seven million tourists visit Alexa on Berlin’s Alexanderplatz annually. ACROSS asked Center Manager Oliver Hanna why.


Commercial Real Estate as a Gordian Knot

In an article for the textile industry entitled “The party is over,” which appeared after Expo Real in Munich, Jörg Nowicki described the reluctance of retailers to rent new spaces. As it turns out, there is, in fact, a significant imbalance between the bullish investment market in commercial real estate and the slowing desire for expansion among retailers.


ICSC European Conference 2016, April 18-19, Milan, Italy

Authenticity: Differentiating Retail. The 2016 ICSC European Conference will explore how relevant authenticity is with respect to retail.


Shopping center development in the UK is increasing

The UK shopping center development pipeline currently stands at 890,000 sq m to the end of 2018, according to research published from DTZ.

Center Management

A Lesson in Foodservice Economics

As we move into the final months of 2015, our business is seeing yet more strong indicators that the foodservice industry, gastronomy, and horeca, is on the rise and will continue to be so in 2016 and beyond. In simple terms, life is getting “better” for many people and this shows in the way they consume.


When shop windows tell stories

In an interview with ACROSS, Michael Scheithauer, CEO of the internationally active Barthelmess Group, explains the increasing importance of visual marketing and why facades will become ever more vital in the future.

Factory Outlets

Blackstone and Multi purchase Palmanova Outlet Village

Multi recently announced the acquisition by Blackstone Real Estate Partners Europe IV of Palmanova Outlet Village, a 22,000-sq-m, high-quality outlet center located between Trieste and Venice.


Where is best to invest?

In a new research report, TH Real Estate provides a summary of the European retail property market and explores the opportunities that the sector offers investors across the UK and the Continent.

Country Report

Starting Shot for a Mall in Lviv

Multi has developed Forum Lviv in the eponymous western Ukrainian city under exceptionally difficult circumstances. It is 95% let.

Studies & Reports

The management of retail parks needs radical rethinking

At Expo Real, MEC Metro-ECE Centermanagement and its proven partners Corpus Sireo, Dr. Lademann & Partner, GfK, TH Real Estate, and, for the first time, Savills, presented the third edition of “Retail Parks in Germany.” The report centers mainly on customer focus. The most important finding: a complete rethink is required to provide consistently customer-oriented management of retail real estate.

Cover Story

First outlet center for France’s Grand-Ouest

Honfleur Outlet is the new shopping destination for Normandy. Phase 1 of the 18,000-sq-m project is to open its doors in spring 2017.

Russia: In love with outlet centers

Strong interest from retailers and customers’ positive views of outlets mean a bright future for Russia’s outlet centers. There is potential to launch 25 to 30 new projects in the next 10 to 15 years.

The outlet market in Poland

The traditional shopping center market in the country appears to be becoming saturated and investors are now seeking other “niche” retail formats.

In the Park

Why more and more investors want retail parks in their portfolios and why this special property type is so alluring.

Energy audits for retail parks

In response to demand from investors and owners, MEC has recently started offering an energy audit product called “Easy.”


Retrieve information whenever you really need it. An adapted ACROSS web page for all mobile devices, the ACROSS news ticker, ACROSS TV, and numerous extra features are now available to the community of ACROSS readers. All services can be tested free of charge until the end of June.


How Cinemas Can Overcome the “Sofa Trap”

The media are currently full of reports on VoD, (“video on demand”) services. These reports hardly distinguish between pay-per-view and subscription services or between these and the streaming of live events. Nevertheless, this trend, combined with the ever-improving quality of normal smart TV devices – never mind that of integrated home entertainment systems – would seem to suggest that cinema is in grave danger.



The retail sector is once again on the move and this can be seen in many megatrends in the retail market. Many of these megatrends are driven by the successful online market.


Big Data and Shopping Centers

From consumer goods to the shopping center industry, the term “Big Data” has reached the shopping center world. It is the new buzzword in the business. But what is it and is it really so important? I think it is.


Strategic imperative: Get to know the “New Shopper”

The pressure to change in the retail sector is highly dependent on the personal attitudes and behavior of its target groups.


Tricks of the trade for shopping center survival

The UK currently has 23 sq ft of retail space per capita. Although this is half the rate found in the US, it is significantly more than in other developed countries like Canada (13 sq ft) and Australia (6.5 sq ft).


It’s time to check out Spain!

The Spanish economy seems to be recovering. Nowadays, the country enjoys growth forecast at 3.1% according to the IMF, and consumer confidence is increasing in view of the latest public data. Many things have improved, but it is necessary to continue working on reducing unemployment rates and on making family spending growth possible.


ICSC European Outlet Conference, March 22, London

Three of ICSC's 2016 events, the European Outlet Conference, SPREE Europe and Retail Connections are taking place at the Business Design Centre in London from 22-23 March 2016 to allow cross-participation for attendees of each event.

BCSC’s Annual Dinner and Presentation of the Gold Awards

The BCSC’s Annual Dinner and presentation of the Gold Awards takes place at the Grosvenour House Hotel in London on December 2, 2015.

More International than Ever

Christmasworld’s Premium Business Program on January 29, 2016, broadens its horizons.

Shopping Center Forum Switzerland, May 12, 2016

On May 12, 2016 the largest and most important conference for shopping centers, commercial real estate and commerce in Switzerland is again taking place in the Popular Radisson Blu Hotel at the Zurich Airport in this, its ninth year.

How can mall retailing adapt to future needs?

This was the question addressed by the 200 delegates who attended the 7th German Retail Centre Real Estate Conference on October 20 and 21, 2015 in Essen.

12th German Commercial Real Estate Convention, January 26 – 27, 2016 in Berlin

The German Commercial Real Estate Convention (Deutsche Handelsimmobilien-Kongress) will take place on January 26 and 27, 2016, at swissôtel Berlin “Am Kurfürstendamm.”


Star-Spangled Projects

The United States is the “Country of Honor” at this year’s MAPIC. ACROSS reveals a selection of the retail projects in the Land of Opportunity that will be presented in Cannes.


Remarkable Developments

As in past years, the top players in the industry are providing a glimpse at their current retail projects at MAPIC in 2015. ACROSS makes a foray into the most extraordinary new developments, extensions, and refurbishments to be presented in Cannes.


Retail Meets Culture

The Ringstrassen Galerien in the heart of the Austrian capital are among the country’s top retail areas. The turnover per square meter has for years been well above the average for Austrian shopping centers. Now the site has been prescribed a comprehensive facelift. The future Opera Mall Vienna (its new marketing name) will be positioned as “The Home of Affordable Luxury.”

“A Stand-Alone Product”

Nikolas Löhr and Bernd Hofer of the FREO Group explain the Mall of Switzerland’s unique selling propositions. It is scheduled to open in autumn 2017.

Largest commercial and residential facility in Montenegro opened

The Capital Plaza in Podgorica boasts around 93,000 sq m of space. Two firms from the United Arab Emirates provided the investment, the size of which remains undisclosed.

81,000 sq m of New Retail Space for the Belgian Capital

In Machelen, north of Brussels, Uplace, an independent real estate group in the lifestyle business, is building Uplace Brussels. The concept intends to be beyond what is available in shopping centers in Belgium.

Center Management

Christmas for individualists

Festive Christmas decorations and shopping centers are now inseparable. The creation of highly emotionally charged habitats adapted to the respective mall is central to the philosophy of First Christmas. A matter of views.

Concentrating its presence in countries

Many retailers do not have retail parks on their radar. The concentration principle Immofinanz is following with its Stop.Shop. chain will change all that. Nicolas Fernandez de Retana, the new Director Asset Management Retail Europe, explains how it works.

How an airplane raises visitor frequency

theleisureway is dedicated to the creation of leisure experiences in shopping centers. A case study carried out by the Spanish company shows how it optimizes malls’ leisure offers for children and raises visitor numbers.

Foodservice trends, disruption and chaos

Honestly, I don’t want to scare you. I enjoy writing this contribution for ACROSS magazine very much and I hope that some of the information and background that I provide on the foodservice market is useful, helps to guide you in your decisions, and provides some new direction on your projects.

“Looking forward to opening of our first European shopping center waterpark”

As the economy improves, Grant Poje, Vice President of WhiteWater for the EMEAR Region, sees increasing demand for waterparks in Europe. The Vancouver-based company is targeting locations in shopping centers.

LP12 Mall of Berlin Gift card from PayLife

For shopping centers, it is important to position themselves as a brand, to offer strong emotional content through distinctive design and attractive mixed offerings and experiences. A way to ensure customer loyalty for a mall is to offer its own individualized gift cards.


Healthy is the new sexy

Can I ask you a personal question? Have you eaten or drunk anything in the last 24 hours? I’m almost certain you will have immediately answered “YES.” Food is increasingly becoming a new lifestyle and it interests – albeit to varying degrees – all consumers and age groups.

Turnover turbo for shops

The mobile app shopkick aims to turn shopping into a kind of mini vacation. ACROSS spoke with shopkick co-founder and CEO Cyriac Roeding about bonification systems and the future of retailing.


Rapidly changing megatrends… not exist! The “major trends” affecting consumers immensely can all be traced back ten or twelve changes that have been slowly taking effect over decades. Does this mean we can relax and slow down?

“Viewed globally, we’re focusing on Asia”

According to Tanja Nedwig, Marketing & Communications Director of Cross Jeans, the denim market is benefitting from the current oversupply. It makes the market interesting, since differences can and must be underscored. In an interview with ACROSS, she explains that the company also plans to expand into Scandinavia, the UK, and Asia.

Breakfast at Tiffany’s…

… has unfortunately come out of fashion and, in fact, is not necessary anymore: Blue Nile, the world’s biggest online diamond trader, offers its jewelry with impressive pictures and enormous guarantees at attractive, almost aggressive prices that are up to 40% lower than those of classic retailers.

“We go with the local market leader”

Carlos Romero is responsible for international expansion for the Spanish fashion chain El Ganso. In an interview with ACROSS, he explains that the first store in a city is usually opened in a high-street location. Only after that do they move into the mall, and by that they mean the local market leader.

Factory Outlets

Serravalle Designer Outlet grows

Europe’s largest luxury designer outlet, Serravalle Designer Outlet, near Milan, one of 20 McArthurGlen Designer Outlets across Europe, recently announced its expansion.

Start of phase 2 in Dalton Park

Dalton Park in Murton (County Durham) celebrated the official start to its Phase 2 development with a traditional “groundbreaking” ceremony on June 19, 2015, with local dignitaries and project team members.

The Aim: European Market Leadership

Amsterdam The Style Outlets plans to open its doors in 2017. With this project, Neinver takes a further important step in its growth strategy in the outlet sector.

An outlet center for Wuppertal

Wuppertal, a city of around 350,000 inhabitants, is getting an outlet center. It will be the largest in Germany. The investment amounts to €120 million.


A new breed of outlet shopping malls is emerging. Outlets that no longer sit on the periphery of city life but exist at the heart of an urban development complementing retail parks, shopping centers, and high streets alike. For example the London Designer Outlet.


Southern France will soon have a new shopping destination. Viaduc Village, developed by Etche France Group, will welcome customers from the beginning of 2016.


Germany: Big deals drive the investment market

The transaction volume for retail real estate nearly doubled in the first half of 2015 compared to the previous year, reports JLL.

Lar España’s investment fever

Miguel Pereda, Board Member of Lar España, announced new transactions over the upcoming months in an interview with ACROSS. The Spanish company intends to invest more than €1 billion before the end of this year.

€730 million deal in the Netherlands

Wereldhave makes a defining move on the Dutch market with the acquisition of nine shopping centers from Klépierre.

Ankkurikadun Kiinteistöt Oy formed

Kesko Corporation, the Swedish life insurance company AMF Pensionsförsäkring AB, and the Ilmarinen Mutual Pension Insurance Company have agreed to set up a joint venture called Ankkurikadun Kiinteistöt Oy with equal shares.

Blackstone acquires three shopping centers

Blackstone Real Estate Partners Europe IV announced that it acquired an additional three assets in Portugal and Spain, which will be managed by its European retail platform, Multi Corporation.

Ikea Group acquires Ikano Retail Centers

Ikea Group has signed an agreement with Ikano Group to acquire the remaining 51% in Ikano Retail Centers.

Country Report

Ukraine’s Retail Real Estate – Survival Strategy

Unsurprisingly, project development in the country has been interrupted. But in Kiev alone, about 20 malls with around 1 million sq m of GLA are currently at various stages of completion, possibly opening in 2017-2018, according to UTG.


The Shopping Center on Seoul’s “Wall Street”

Yeouido, an island in the Han River, is home to the South Korean capital’s main business and investment district – including the IFC Mall, which opened three years ago.

Strengthening the industry’s voice

In an interview with ACROSS, John Coyne, the new Chief Executive of the British Council of Shopping Centers (BCSC), argues decisively for the relaxation of Sunday trading laws in the United Kingdom. His aim in general is for the industry to be even better heard by the government.

Small and mid-sized projects continue

A look at Lithuania: According to the “Real Estate Market Report 2015 – Baltic States” by Ober-Haus, not a single large shopping center has opened its doors in Vilnius in the last five years. Developers are trying to exploit attractive locations by offering small and medium-size malls, however.

Arabian showpiece

The “Yas Mall” in Abu Dhabi boasts around 230,000 sq m of GLA. The emirate’s largest retail and entertainment center scores not only with its size, but also with its sustainability.

Ukrainian Shopping Centers in the Shadow of the Country’s Unstable Situation

Colliers International sheds light, among other things, on the retail real estate sector in Ukraine in a new report on the year 2014. As expected, all key indicators deteriorated.

Studies & Reports

Moscow now outstrips Paris in shopping center supply

The shopping center vacancy rate in the Russian capital has increased from 6.5% to 7.5%.

GfK study on retail conditions in 32 European countries

GfK has carried out a comprehensive analysis of the European retail scene in 32 European countries. The study examines purchasing power, the retail share of the population's total expenditures, inflation, sales area productivity as well as changes in retail due to eCommerce, as well as a turnover prognoses for 2015. The study will appear in the forthcoming edition of ACROSS Magazine, which will be published in June.

A Pleasing Increase

According to CBRE, global shopping center development continues to accelerate, with a total of 11.4 million sq m of space opening in 2014 compared with 10.6 million sq m in 2013.

The “European Top 50 Retail Development & Operator” ranking is out

ECE won it, coming in just ahead of Westfield. Despite a neck-and-neck race, the two top-ranking competitors in the brand value study carried out by the Eureb Institute differ significantly from each other.


Sadolin/Albæk takes a close look at the metropolis on the Øresund and its surroundings in “Copenhagen – Property Market Report 2014.” It examines the retail segment, too.


The shopping center business in the Scandinavian country has reached its 30-year anniversary. It is not yet a mature sector, but it is an area with continuous development.