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Search Results for: project – Page 22

Credit: Cushman & Wakefield

THE CZECH MARKET WELCOMES 38 NEW BRANDS

The Czech retail market once again proved its appeal to retail brands, with 38 new arrivals last year. That is the same figure as in 2021 when the influx of 38 new brands was partly the result of the postponement of some entries due to the pandemic. These numbers represent a roughly 50% increase compared to 2019 (22 brands) and 2020 (25 brands).

Credit: MK Illumination

THE LIGHT SHOWS SUCCESS AT MK ILLUMINATION

MK Illumination has achieved a sales growth of 14% despite challenging times and celebrates the most successful year in the company’s history. The significant growth from 140 to 160 million euros underlines the importance of lighting for the mood of people around the globe. Whilst keeping its sales stable in its home markets, MK Illumination has recorded strong growth worldwide in Scandinavia, the USA, Mexico, the Emirates, Saudi Arabia, and Turkey, with a renewed lighting focus in Manhattan, New York.

credit: MPC

ESG by MPC – WITH AND FOR THE COMMUNITY

“By investing in human capital, business development and sustainable business strategy, a crisis cannot meet you unprepared”, states Jovana Cvetković, Development, Technical Operations and Innovations Director at MPC Properties. Investing in ESG on all levels is key in 2023 for companies like MPC Properties.

Credit: Geiger Gruppe

UNION INVESTMENT ACQUIRES REPURPOSED PROPERTY IN NÜRTINGEN, GERMANY

Union Investment has acquired the Nürtinger Tor development project via a forward funding deal. The building in the heart of Nürtingen dates back to 1971. Currently known as the Nanz Center, it is being converted into a mixed-use shopping and amenity center. Completion is scheduled for the second half of 2023.

MAPIC Award Winners announced

Congratulations to all MAPIC Awards winners, who were honoured for their excellence, innovation, and creativity in the retail real estate sector.

“We do not talk about problems – we talk about challenges”

“Future shopping spaces need to be flexible in every aspect, to meet the people’s needs and demands”, this is according to the ACROSS Advisory Bard the greatest task for 2023. The challenges are diverse, but a strong and experienced industry is ready to address those.

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.

Credit: SES

CHRISTOPH ANDEXLINGER BECOMES NEW CHIEF EXECUTIVE OFFICER AT SES

As of January 1, 2023, the Austrian SPAR Group will reorganize the management of its international shopping center division SES: The current COO Christoph Andexlinger will take over as CEO. He will be assisted by Johannes Köth and Alexander Eck, who have been newly appointed to the management board. All positions will thus be filled internally with long-standing managers. The previous Chairman, Johann Felser, will retire at the end of 2022.

Credit: MAPIC

MAPIC 2022 IS IN FULL SWING

The Commercial real estate industry is showing its most optimistic face. The 2022 edition of the French commercial real estate show MAPIC is focusing on the retail sector’s transformation.

Credit: Mitiska REIM

MITISKA REIM OPENS FOOD-ANCHORED RETAIL DEVELOPMENT IN KOLOBRZEG, POLAND

Mitiska REIM has announced the opening of a new retail center development in the Polish city of Kolobrzeg. Developed in joint venture with local partner Karuzela Holding and designed to achieve a “Very Good” score on the BREEAM in-use scale, this is the third retail development project opened by Mitiska REIM and Karuzela Holding in Poland this year.

credit: Chainels

Chainels expands into travel hub sector

Chainels, the tenant experience platform, has launched in two travel hubs across Europe, leveraging its retail expertise to expand into a new sector. Utrecht train station, run by NS Stations Retailbedrijf a subsidiary of the Dutch national rail company Nederlandse Spoorwegen (NS), and Vienna International Airport will both use Chainels’ digital platform to improve communication with retailers and service providers.

MALL OF THE FUTURE

Meeting customer expectations for omnichannel experiences is key to the success of the mall of the future, argues Peter Tonstad in his PropTech column. His company, Placewise, is heavily investing in products in order to address the longer-term expectation that shopping centers will become true omnichannel offerings.

credit: Kaufland

Kaufland opens in Bucharest the 1500th store in its European network

A small retailer in southern Germany has become one of Europe’s leading food retailers with major expansion plans: This week Kaufland opened in Bucharest its 1500th store – a great milestone in the Kaufland success story. Angelus Bernreuther, Head of Investor Relationship Management, looks back at Kaufland’s corporate history and explains how, starting with its solid roots, the future of the company is being shaped, especially during challenging times.

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