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shopping center

Palladium shopping center in Prague, Czech Republic /// © Union Investment Real Estate GmbH

Record Transaction between Union Investment and Reico Fund: Palladium Prague is Sold

Union Investment announced the profitable sales of Palladium shopping center in Prague, a landmark asset acquired for the UniImmo: Deutschland fund in 2015. The buyer is the largest real estate fund of REICO Erste Asset Management, making the transaction the largest commercial property deal ever recorded in the Czech market.

Westfield Arkadia in Warsaw, Poland /// © Unibail-Rodamco-Westfield

Unibail-Rodamco-Westfield wins big at PRCH Retail Awards in Warsaw

At the XVI PRCH Retail Awards, the industry awards gala of the Polish Council for Shopping Centres, Unibail-Rodamco-Westfield (URW) has received 5 Gold Awards, including honours for individual executives as well as for the company’s ESG strategy and its flagship destination Westfield Arkadia in Warsaw.

Credit: HBB Centermanagement

HBB takes over Center and Leasing Management for LOOP5

Starting from January 1, 2026, HBB Centermanagement GmbH & Co. KG will take over both the center and leasing management for LOOP5 in Weiterstadt, Germany. The center management company has already been supporting the shopping center’s leasing activities since early September this year.

Facade of Vimbuch Center Bühl /// Credit: Redevco

Redevco acquires Vimbuch Center Bühl, Germany

One of Europe’s most significant privately owned real estate companies, Redevco is strengthening its retail real estate arm by acquiring the 10,000 sqm large Vimbuch Center in Bühl, Germany. The retail destination is now revitalized and fully leased to REWE, Penny, Rossman and 11 other tenants for long-term.

Westfield Černý Most, Prague, Czech Republic /// Credit: URW

Westfield Černý Most brings new retail, dining and entertainment era to Prague

Unibail-Rodamco-Westfield (URW) announces the inauguration of the newly rebranded Westfield Černý Most shopping centre in Prague, including an extension that introduces new shopping, dining and entertainment experiences. With more than 30 new retail and restaurant offers and an expanded, next-generation cinema experience, the destination now spans approximately 94,100 sqm of GLA and 180 units.

From left to right: Mag. Christoph Andexlinger (SES CEO and EUROPARK Managing Director), Mag. Marcus Wild (SPAR Real Estate Director), Mag. Manuel Mayer (EUROPARK Center-Manager) with the Visual of the development /// Credit: Evatrifft

EUROPARK Salzburg begins Expansion ahead of 30th Anniversary

A major expansion is underway at EUROPARK Salzburg, Austria’s leading shopping destination. Construction preparations began in October on the site currently occupied by the parking area between EUROPARK and the SPAR headquarters in Taxham. The new extension will be built above the existing underground garage, with structural work scheduled to start in January 2026 – all without any disruption to ongoing operations at the center.

From left to right: Ulrike Friedl (Senior Asset Manager), Matthias Franta (Center Manager), Store Manager, Roland Pinz (Managing Director Asset Management) /// © CC Real

TK Maxx joins MILLENNIUM City, strengthening Viennese Retail Hub

The retail destination MILLENNIUM City is expanding its brand offering with the addition of TK Maxx. The new store, opened on November 6, brings another international retailer to the urban mixed-use center and reinforces its position as a versatile hub for shopping and leisure in Vienna.

Left: Facade of Gropius Passagen, Right: Christian Danne /// Credit: Gropius Passagen

Leadership Change at Gropius Passagen in Berlin, Germany

A new chapter begins for Gropius Passagen in Berlin-Neukölln. With the appointment of Christian Danne as Center Manager, one of the city’s top retail destinations is setting a fresh strategic course. Covering around 94,000 square meters of retail space, featuring over 150 stores, and welcoming roughly ten million visitors a year, Gropius Passagen remains a key anchor of Berlin’s retail landscape.

Westfield London /// Credit: Richard Hanson

Westfield London and Westfield Hamburg-Überseequartier win awards at MAPIC 2025

Unibail-Rodamco-Westfield (URW) has been awarded two times at MAPIC 2025, Europe’s most prestigious retail real estate show, held each year in Cannes, France. Westfield Hamburg-Überseequartier won Best Urban Regeneration Project and Westfield London was named the Most Influential Retail Property Project of the past 30 years.

Credit: Echo Investment

Echo Investment sells Libero Katowice, Poland

The largest single-asset retail transaction of the year in Poland has been finalized, as Echo Investment sells Libero shopping center to Summus Capital, an Estonian-based investment company. The value of the deal amounts to €103 million.

Credit: BIG CEE

How BIG CEE is redefining Retail in the Balkans

BIG CEE has rapidly grown into a leading force in Southeast Europe’s retail real estate market. CEO Lev Weiss discusses the company’s journey, from its first projects in Serbia to major milestones across the Balkans, and shares his vision for future expansion and brand building in the region.

Credit: © Westfield Donau Zentrum

50 Years of Westfield Donau Zentrum in Vienna: A Milestone Shaping the Future of Urban Retail

Vienna’s Westfield Donau Zentrum is celebrating its 50th anniversary under the motto “50 Years of Future – Shaping the Shopping Experience of Tomorrow.” Austria’s largest shopping and leisure destination is not only looking back at five decades of transformation but also forward, with a clear focus on innovation, sustainability, and urban quality of life.

Credit: Prague City Tourism

PALLADIUM Shopping Center to be acquired by Reico

Part of the Austria based Erste Group, REICO is soon to acquire PALLADIUM Prague shopping center, in Prague, Czech Republic. As of today, the value of the transaction has not been revealed, and the transaction is currently being assessed by the Office for the Protection of Competition (UOHS).