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Development

Promenada took first place in the category of Investment of the Year: Commercial Space Market. /// credit: ITBC

Redeveloped Promenada awarded the title of Investment of the Year

The jury of the Prime Property Prize competition selected projects with the greatest impact on the commercial property market last year. Promenada, the cutting-edge centre on the right bank of the Vistula River, is proud to be one of them. The mall, owned by G City Europe, took first place in the category of Investment of the Year: Commercial Space Market.

Nikolaus Huter is Managing Director of Huter Invest, the investor of FOC Slovenia ///credit: Huter Invest

Outlet Center development Fashion Outlet Village Slovenia: “We see a high interest from international brands.”

Slovenia’s first Fashion Outlet Village is scheduled to open in 2024/2025. The HG Invest investor group around the Tyrolean company Huter Invest is developing it. Nikolaus Huter, Managing Director of Huter Invest, spoke to ACROSS about the development, the advantages of locations close to the border, and why more and more offline shopping locations should be converted to outlet centers.

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.

Credit: ECE

ECE MARKETPLACES FURTHER DEVELOPS G3 SHOPPING RESORT GERASDORF NEAR VIENNA, AUSTRIA WITH NEW SPORTS AND OUTDOOR EXPERIENCE WORLD

ECE is further developing the G3 Shopping Resort Gerasdorf near Vienna and is expanding the offer and tenant mix of the center with its more than 130 stores with new retail, product testing, and experience areas. The aim is to create a unique sport and outdoor focus – on a 5,000 sq m indoor sports retail area and a 3,000 sq m outdoor sports area – as an additional attraction for the center.

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.

credit: BALFIN Group

Tirana East Gate: BALFIN Group meets the highest standards for a corporate loan from IFC

BALFIN Group is receiving a corporate loan from the International Finance Corporation, following a positive evaluation of its operations and standards according to well-established criteria. This amount will be used to refinance the expansion of Tirana East Gate, so that it ultimately creates more jobs, boosts local production, and promotes competitiveness in the retail market.

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: FIM Unternehmensgruppe

FIM GROUP RECEIVES LEGALLY BINDING DEVELOPMENT PLAN FOR THE LEZ 14 IN BAMBERG, GERMANY

The city of Bamberg has approved the development plan for the LEZ 14 shopping center on the “Am Laubanger” site. Thus the green light has been given to the FIM Group to convert the former retail park into a modern shopping center. The tenant mix of around 7,100 sq m of retail space includes Lidl, Rossmann, TK Maxx, Media Markt and Der Beck. The opening is planned for the first quarter of 2023.

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.

credit. URW

WESTFIELD HAMBURG ÜBERSEEQUARTIER: CREATING A BETTER PLACE!

Better Spaces, Better Communities, and Better Together – those are the pillars upon which Unibail-Rodamco-Westfield’s sustainability strategy is based. URW is committed to playing a key role in the environmental and energy transition. As such, the company has been implementing its “Better Places 2030” sustainability strategy since 2016.

Out now: New issue “RE-THINK! – How to reassess development, invention and communication in retail real estate”

OUT NOW – LATEST ISSUE! +++ RE-THINK! – How to reassess development, invention and communication in retail real estate. The real estate industry has been in a state of change for a few years now: increasing online retail, the move to multi-channel, changing logistics requirements, a strong emphasis on entertainment, a much higher level of diversity in retail, and last but not least, the big issue of ESG. “Re-think” – is the order of the day.

credit: Nepi///ACROSS

“ESG Is an Earnings Opportunity, Not Just an Obligation”

While Western Europe is struggling with the aftermath of the coronavirus and is plagued by inflation concerns, Nepi Rockcastle has delivered 2019-level numbers and boasts a full development pipeline. In an interview with ACROSS editor Reinhard Winiwarter, CEO Rüdiger Dany explains the peculiarities of Eastern European markets, why he is neither concerned about inflation nor in the position of having to actively seek tenants for his sites, and why he sees ESG investments as real earnings opportunities.

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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