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Development

Nikolas Bosnić, Head of Development Redevco DACH (left), Elisen Palais Development in hamburg, germany (right). /// credit: Redevco, Sergison Bates Architects/Rethmeierschlaich Architekten

ELISEN PALAIS – REDEVCO’S VISION FOR HAMBURG’S NEW CITY-CENTER JEWEL

Hamburg’s iconic Mönckebergstrasse is set to welcome a transformative development project: Elisen Palais will breathe new life into a historic site once home to the renowned C&A building. This ambitious project seeks to create a climate-neutral, mixed-use property while paying homage to the architectural history of the area, as Nikolas Bosnić, Head of Development Redevco DACH, explains.

credit: Mall Development MENA Forum

Mall Development MENA Forum 2024: Pioneering the Future of Retail in the MENA Region

The MENA region’s retail landscape is undergoing a transformative phase, with the mall industry projected to grow from USD 808.51 billion in 2024 to USD 1,401.32 billion by 2032. Against this dynamic backdrop, the inaugural Mall Development MENA Forum 2024 is set to take place from November 11-12, at the Le Meridian Hotel Dubai. This landmark event will bring together industry leaders, stakeholders, and policymakers to explore the future of mall development in the region.

New tenants and a new interior and exterior design further optimize the Dreieich Nordpark offering. Credit: MEC

MEC makes Dreieich Nordpark fit for the future with tailor-made refurbishment

Evolutionary development to secure the location: Dreieich Nordpark, located around ten kilometers south of Frankfurt am Main and a central supply location for the residents of Dreieich and the Offenbach district, has been extensively modernized – and a number of new tenants have also been added to the location’s offering.

Expansion - Landquart Fashion Outlet. /// credit: VIA Outlets

Premium Retail Brands’ Shift Towards Outlet Centres Drives 25% GLA Expansion At VIA Outlets’ Landquart Fashion Outlet ‘Swiss Alpine Gateway’

VIA Outlets has initiated a development project to expand the sales area of its Landquart Fashion Outlet in the Greater Zurich Region by around a quarter, as premium retail brands follow European consumers and shift their focus from full-price retail on the high street to the outlet center format in search of greater value and volumes.

City Outlet Geislingen, Germany. /// credit: ROS Retail Outlet Shopping

City Outlet Geislingen Is Expanding

City Outlet Geislingen with over 40 home, fashion & lifestyle brands in 25 stores is being expanded to include four new stores. Construction work will begin in July 2024 and the opening is planned for late summer 2025.

Avion Shopping extension design, Umeå, Sweden. /// credit: Ingka Centres

Avion Shopping Center In Sweden Is Undergoing A Major Expansion

Since opening in 2016, Avion has grown to become one of northern Sweden’s most popular destinations for retail, leisure, and food experiences. Now, the next step is being taken when Ingka Centres begins the first phase of the expansion of Avion Shopping. As Umeå grows, the meeting place will be expanded by 12,000 sqm with the goal of continuing to be a vibrant local meeting place with positive experiences in focus. The project is estimated to cost approximately 31 million euros and will be completed in autumn 2025.

Outstanding European Placemaking Project recommended by Joanna Fisher, CEO of ECE Marketplaces, and Member of the ACROSS Advisory Board. /// credit: ACROSS

Outstanding European Placemaking Projects: “The Playce” And “Foodgarden” @ Main-Taunus-Zentrum — Two Examples Of Successful Repositioning And Upgrading

Our industry is strong and can achieve a lot. To emphasize this optimistic spirit, we want to showcase what our industry offers. Recommended by Joanna Fisher, CEO of ECE Marketplaces, and Member of the ACROSS Advisory Board, The Playce and Foodgarden at Main-Taunus-Zentrum in Sulzbach, Germany are one of the many outstanding placemaking projects that drive the industry forward.

credit: JTRE

STRONG SALES WILL UNDERLINE OUR CONFIDENCE

The real estate market is truly gaining pace after two years of slowdown. New buildings in Bratislava city center have maintained relatively stable price levels despite interest rate hikes, and the combination of a recovering segment and an exceptional project can present a promising investment opportunity. As investors have historically found, purchasing a new apartment in Bratislava prior toconstruction will reap returns, states Peter Píš, JTRE’s Commercial Director.

Downtown Yards design. /// credit: JTRE

JTRE’s Downtown Yards: Sales Launched And Construction Underway

The gateway to Bratislava’s rapidly expanding downtown has seen outstanding levels of interest: 135 of the 650 residences have already been sold in the pre-sale phase. JTRE’s new Downtown Yards project aims to combine the city’s contemporary cosmopolitan atmosphere with the Nivy area’s tranquil atmosphere. This modern mixed-use ‘sustainable city’ neighbourhood is under construction, and great initial market launch prices for new homes are available right now.

Designer Outlet Kraków forges ahead: open shell to be finished by March

The construction of Designer Outlet Kraków is at an advanced stage, with the building reaching the open shell phase. Located in Kraków’s city center at one of the most popular arteries in the city, Designer Outlet Kraków will benefit from a catchment area of almost 5 million inhabitants and a great tourism potential. The opening is planned for spring 2025.

Designer Outlet Sosnowiec. /// credit: ROS Retail Outlet Shopping

ROS Retail Outlet Shopping’s ‘Trading-up’ strategy gets the Polish market buzzing

Following a customer-centric approach, the ‘Trading-Up’ strategy carried out by ROS Retail Outlet Shopping across its entire portfolio has achieved full potential in 2023. In particular, the Polish centers managed by the operator have registered up to 20 new openings, occupying a total gross lettable area of 3,000 sq m. Expectations in the Polish market are also on the rise with the anticipated center extension of Designer Outlet Gdańsk, which is scheduled to open by the end of 2024.

Left to right: Promenade Mall, Bucharest, Romania; Promenada Plovdiv, Bulgaria; Bonarka City Center Mall, Kraków, Poland; Ploiesti Shopping City, Romania. /// credit: NEPI Rockcastle

NEPI Rockcastle: Ambitious Development And Refurbishment Investment Pipeline

NEPI Rockcastle, Europe’s third-largest listed retail real estate company and the biggest owner and operator of shopping centers across CEE markets by value, is to invest around 600 million Euro in its development and asset refurbishment pipeline to meet strong demand from retailers aiming to tap into the region’s increasingly affluent consumer base.

Food Garden design at Main-Taunus-Zentrum, Sulzbach, Germany. /// credit: ECE Group

Start of construction and 90 percent occupancy rate for new “Food Garden” in the Main-Taunus-Zentrum

Start of construction and strong letting success for the new “Food Garden” in the Main-Taunus-Zentrum: In November, construction work began on the new highlight in the middle of the shopping center – a high-quality and varied range of restaurants with five free-standing restaurant buildings, partly covered and partly open terraces, green outdoor areas and sophisticated architecture. The opening is planned for spring 2025.

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Retailtainment: How To Increase Experience Per Square Meter
Retailers who can always find answers to consumer needs will survive. We have dedicated this “Special” to these locations: retail concepts and locations that stage themselves for the customer, appeal to all their senses, create a holistic experience, and whose success can no longer be measured in mere sales figures.
Go to Special