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However, not all business areas will be taken over. For those that do not fit the strategic orientation of the Röther Group, there is no longer any need after the closing of the purchase agreement.

Nhood is scheduled to open an innovative Shopping Center in fall 2023. Merlata Bloom aims to be a smart and innovative place that combines technology and sustainability, entertainment and services, everyday life, and retail. Retail, gastronomy, and lifestyle are the conceptual components that shape the project.

“Shopping centers shape the city’s identity and, at best, pay dividends for the municipality’s image,“ states Uwe Seidel. The Managing Partner at Dr. Lademann & Partners on the role of shopping centers for society and what tools are essential to monitoring these changes within the respective community.

With stores in twelve German cities, one store in Luxembourg and an online store in the premium and luxury segment represented in ten countries, Breuninger is one of the leading omnichannel department stores in Europe.

“The whole industry needs to prepare to be relevant for the unforeseeable future,” states Peter Tonstad, CEO of Placewise, in his latest PropTech column. According to him, shopping centers have the opportunity to do better by their local communities, by simply “doing good”. Introducing digital solutions is a very helpful tool to do so.