Development

CURRENT PROJECTS, TRENDS AND STRATEGIES OF DEVELOPERS

New look for Designer Outlet Sosnowiec in Poland

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 announces major refurbishment of Promenada shopping center

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.

Scallier gets building permit for retail park in Vaslui, Romania

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 and Rioja Estates join forces on two outlet developments in Sweden and the UK

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 launches seventh Meeting Place in China

Ingka Centers reveals plans for Livat Kunming, a new meeting place in Kunming, the capital of the Yunnan province, China.

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.

Frasers Group and H&M announce flagship stores at Clerys Quarter

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.

Slovenia’s First Outlet Shopping Village Coming In 2023

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.

Immofinanz’s retail park brand Stop Shop grows in Croatia

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’s retail park in Turda cleared for construction

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.

Mixed-use tower Timber Pioneer in Frankfurt receives building permits

The construction of the project developed by UBM Development and Paulus Immobilien is entering the implementation phase.

Plans revealed for Malmö Designer Village

The 27, 000 sq m project is being delivered by Rioja Estates in partnership with Osborne+Co, its first phase is expected to open in Summer 2025 with Phase Two following soon after in Autumn 2027.

Green Light for 155-meter mixed-use tower in Vienna Twentytwo urban quarter

Signa and ARE Austrian Real Estate recently received building permits for the 155-meter-high mixed-use tower and an office building. This clears the way for the completion of the Vienna Twentytwo urban quarter, which has been under construction since 2019.

FOM leases 7,600 sq m to Edeka at shopping center in Hannover

FOM Invest has leased around 7,600 sq m of retail space in the Linden district in Hannover to the retail chain Edeka.

Tbilisi Outlet Village construction is full speed ahead

Construction of the 12,500 sq m phase1 of Tbilisi Outlet Village outside the Georgian capital has well progressed since the project celebrated groundbreaking early September this year.

Garbe, Terragon, and URW join to develop residential project in Westfield Hamburg-Überseequartier

In a joint venture, Garbe Immobilien-Projekte and Terragon have acquired a residential building in Westfield Hamburg-Überseequartier. Together with Unibail-Rodamco-Westfield, they are now working on the urban development within the mixed-use quarter.

Grantham Designer Outlet welcomes Armani, Hugo Boss, and new online sales platform

The Designer Outlet Village announces additional brands and the new online sales platform Wishibam, a UK-first for outlet retail destinations.

Ingka Centers plans first IKEA anchored meeting place in India

Ingka Centers revealed plans for a major new IKEA anchored mixed-use development in Gurugram, a city southwest of New Delhi, in the state of Haryana.

EDGE delivers mixed-use development Valley in Amsterdam to RJB Group

EDGE announces the successful delivery of its eye-catching 75,000 sq m mixed-use development Valley, designed by MVRDV, to owner RJB Group of Companies. EDGE has won the tender in 2015 and started construction in 2017 with the ambitious goal to bring a new dynamism to Amsterdam’s Zuidas.

BIG Shopping Center raised 55 million euros at the Israeli stock exchange for further expansion in Serbia and the Balkans

The BIG Group intends to use the proceeds from this bond issue to continue its expansion in Serbia and in the Balkan region.

Construction work of the Main Yard neighborhood development in Frankfurt started

Work on the project in the middle of the inner-city Allerheiligenviertel district has begun after the building permit was issued. The development of the new urban quarter is officially beginning, which represents a modernization boost for the aging district.

CEV revitalizes retail space to modern hybrid shopping center in Saalfeld

CEV Handelsimmobilien GmbH (CEV) is renovating approximately 21,000 sq m of retail space and will reopen the center as Saalemarkt in summer 2022. The investment volume amounts to around €25 million.

Colosseum Mall in Bucharest to inaugurate its expansion next spring

The opening previously planned for the end of this year has been postponed due to coronavirus infection rates and emergency law responses.

Nivy Center revitalizing Bratislava’s city life

Bratislava’s residents are already referring to Nivy as the “downtown” or even “Manhattan”.

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