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ACROSS

Development

CURRENT PROJECTS, TRENDS AND STRATEGIES OF DEVELOPERS

HBB welcomes the first stores to the Husemann Karree business district in Bochum in Building A. /// credit: RKW Architektur+, HBB

HBB opens section A of Husemann Karree

HBB celebrates the opening of component A of Husemann Karree on the square of the same name in Bochum. In the mixed-use business quarter, the department store Woolworth, the food market Rewe Mert and, in addition, the textile retailer KULT (OLYMP&HADES) will open in component B on October 19, 2023.

credit: HBB

REVITALIZATION AND ASSESSMENT OF RETAIL REAL ESTATE: CASE STUDY OF RATHAUS GALERIE ESSEN

Retail property revitalization and valuation is a complex process that aims to increase a property’s value and make it more attractive to retailers and customers. HBB sheds light on the various aspects of this process, including analyses, costs, steps, success factors, and necessary partners. A site-specific approach is elementary, as the Rathaus Galerie Essen example shows.

credit: OCM International

SEE: MARKETS WITH POTENTIAL, BUT ONLY FOR REALISTS

Mauro Abruzzese is an Italian retail and shopping center expert who develops projects in Kosovo for OCM International. In this interview, the CEO and Managing Director explains how the individual SEE markets are developing, what makes them different, what the local consumers are like, and what investors should consider before entering the market.

credit: BALFIN

DESPITE ALL OF THE CHALLENGES: THE WESTERN BALKAN REGION IS SHOWING GOOD RESISTANCE

The BALFIN Group is the largest shopping center developer and operator in Albania and North Macedonia and is one of the most important groups in the Western Balkans region. As one of the leading investment groups in Southeastern Europe, the Group’s Vice President of Retail, Julian Mane, spoke with ACROSS about the region’s strengths, weaknesses, and current developments.

credit: Sonae Sierra

BRINGING NEW BRANDS TO THE REGION

“Through constant innovation, we can remain at the forefront of the industry and maintain our commitment to adding value to our clients’ assets,” said Cristina Santos. The Managing Director of Property Management of Sonae Sierra talked to ACROSS founder Reinhard Winiwarter about the Prishtina Mall management contract.

credit: MPC

THE SUCCESS STORY OF BEO SHOPPING CENTER: INSPIRATIONAL COMMUNITY CONCEPT

BEO Shopping Center is a best practice example of how to create a meaningful identity for a shopping center. What used to be a ruined factory has become a real community center and an award-winning shopping destination. Nemanja Bućinac, Retail Leasing Director MPC Properties, gives a unique overview of BEO Shopping Center.

credit: Eurovea

New retail experience: The enlarged Eurovea opens its doors

The enlarged Eurovea is now the largest shopping center in Slovakia. It offers a new retail experiece with lots of international brands entering the slovakian market. Shoppers can look forward to exciting new brands and innovative concepts.

credit: SonaeSierra

Sonae Sierra is the most awarded company at the ECSP awards

Sonae Sierra received two awards and one commendation with: NorteShopping’s expansion – with Galleria and The CookBook -, Plaza Mayor’s transformation project, and the QUARREE Wandsbek refurbishment being the winners of the most prestigious European awards for Shopping Places.

Eurovea’s finishing touches before the ribbon cutting

Eurovea will soon become Slovakia’s largest and widest-ranging shopping center, with 320 shops, restaurants, bars, and cafes covering 85,000 sq m. Work is well advanced on the center and surrounding area to complete construction, approvals, and preparations for the grand May opening.

MIPIM 2023: Best Mixed-Use Projects

Developers have increasingly turned their attention to mixed-use retail developments for their new construction projects and the redevelopment of urban areas. In the post-pandemic era, consumers are looking for diverse work, leisure, and shopping places. Mixed-use, therefore, is not a trend – it is the future of real estate. The following projects are the finalists in the mixed-use category of the MIPIM Awards.

Left: Giles Membrey, Managing Director Rioja Estates. Right: At Malmö Designer Village, Rioja Estates will be investing around 5.5 million euros in landscaping. | Credit: Rioja Estates

WHAT IS THE PRICE OF SUSTAINABILITY?

Brands have long understood the importance of presenting their sustainability credentials to consumers. Along with other policies, such as those relating to bullying in the workplace and mental health, sustainability plays an important part in a brand’s identity, and rightly so.

The most promising development projects

Despite all challenges, a lot is happening in the retail real estate industry and great projects are in the making. This is best illustrated by the entries for the MAPIC Awards 2022 category “Best performing Shopping Center”. They include assets such as shopping centers, outlets, and retail parks. They show innovation through new technologies, customer loyalty programs, retail mixes and architectural features which come together for the aim of increasing footfall, customer satisfaction, average spending and offering a unique experience in a new shopping destination. All these outstanding projects demonstrate the strength, innovation, and positivity of our industry.

The impact of war: Ukrainian retail real estate market in 2022

Ukrainian Council of Shopping Places, a member of the European Council of Shopping Places (ECSP), has published a report providing insights on how retail destinations are adapting to the war and the impact it is having on the market. This report, which is exclusive to ACROSS, calculates losses and damages suffered by the shopping centre industry, retail turnover losses and shows reopening plans for some shopping centres.

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