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Skyline Plaza exterior design. /// credit: ECE

Skyline Plaza Receives Extensive Modernization For Over 35 Million Euros

A good ten years after its opening, Skyline Plaza in Frankfurt am Main, which is jointly owned by Allianz and ECE, is receiving more than 35 million euros for an extensive modernization program. With new tenants and concepts, a revised design and numerous additional offers and services, it is being comprehensively prepared for the future.

Galeria Kaskada Sczeczin, one of the centers in the EPIG fund portfolio /// credits: ECE

ECE Real Estate Partners raises further capital for its EPIG shopping centre fund

ECE Real Estate Partners is expanding its investment activities and has raised further circa 100 million Euro of capital for its ECE Progressive Income Growth Fund (the “EPIG Fund”) that invests in high quality shopping centres in Europe and holds a portfolio of seven centres with a total market value of more than 2.2 billion Euro.

credit: Stratosferica

Utopian Hours Festival Turin: Taking an international look at cities and rethink them.

Utopian Hours, taking place 18-20 October in Turin, Italy, is a three-day international event organized by urban knowledge agency Stratosferica, showcasing and discussing new concepts and inviting guests and audiences to suggest a new way of conceiving human evolution. Starting from the first edition in 2017, the festival aims to give for the eighth time a voice to the people behind these changes: City makers, activists, architects, and innovators share their experiences and stimulate new visions for the future and concepts of cities. ACROSS spoke to Daniele Vaccai, Project Developer at Stratosferica, about the festival, its program, and speakers.

credit: RegioData Research GmbH

RegioData: Mega Shopping Centers In Europe

No other European country has more mega shopping centers than Spain. Of the total 640 shopping centers in Spain, 74 have a leasable area of 50,000 sq m or more. The total leasable area of Spanish mega centers amounts to approximately 4.1 million sq m. Germany, on the other hand, currently has “only” 48 such mega centers but boasts a larger number of mid-sized shopping centers between 30,000 and 50,000 sq m.

credit: Rossmann

Rossmann To Open Its First Store In Switzerland

ROSSMANN has long been known and loved by Swiss customers who previously had to travel to Germany to do their shopping. Despite initial plans to open its first store next year, the drugstore company secured the opening for already this year, with more to follow.

credit: ACROSS, BBE, umdasch, Lane 7

„Entertainment, Shopping, F&B — Rethinking Brick-and-Mortar Retail by increasing the Shop Floor Experience“ /// ACROSS RETAIL TALK: Sept. 25th, 2024, 4pm (CET), Online/Zoom

The next ACROSS Retail Talk “Rethinking Brick-and-Mortar Retail by increasing the Shop Floor Experience” will discuss how retailers and shopping center managements can inspire and retain customers by offering true retail experiences. Join us to learn about expert insights from top professionals in the industry.

credit: GfK

GfK study: European retail in 2023 and 2024

Consumers in Europe continue to be affected by various crises. After inflation peaked in 2022, 2023 was characterized by an adjustment to the increased cost of living. Additionally, the multiple global crises and the loss of purchasing power caused uncertainty, which led to concerns and a change in consumer behavior.

credit H&M

H&M will close Afound this fall

Afound, H&M’s digital outlet, will be closing its doors later this year. Brands that are displayed in the outlet have adapted more direct-to-consumer strategies, resulting in a lack of demand. Their products in sale are often sold on their own websites.

credit: NEPI Rockcastle

NEPI ROCKCASTLE RAISES GUIDANCE FOR FULL YEAR EARNINGS GROWTH

NEPI Rockcastle achieved a 13.5% increase in net operating income (‘NOI’) in the first half of 2024 compared to 274 million Euro compared to 241 million Euro in H1 2023. On a like-for-like basis, NOI was 10% higher in H1 2024 compared to H1 2023, excluding the impact of developments completed after 30 June 2023 and industrial property sold in January 2024.

Sebastian Guth (left), Managing Director of 21Media, and Charlotte Andersen, Marketing Director at Rødovre Centrum in Copenhagen, Denmark. /// credit: 21Media, Charlotte Andersen

Marketing expert discussion: “We want to create asset value together.”

Marketing is under pressure: While customer behavior is constantly changing, new channels are continually being added, and budgets tend to shrink, marketing managers need to be more innovative than ever. Diamonds are created under pressure, but pressure also causes errors. Across brought together two European marketing experts, Sebastian Guth (Managing Director of 21Media) and Charlotte Andersen (Marketing Director at Rødovre Centrum), to discuss the role of marketing, error culture, shrinking budgets, and working with landlords.

credit: moka-studio+URW

Überseequartier confronted with a new water damage but opening date remains

The Westfield Hamburg-Überseequartier shopping center is once again struggling with water damage. According to the fashion news portal FashionUnited, a few weeks ago there was an “isolated technical problem” in a “small section of the construction site”, causing rainwater to penetrate into “a few rental spaces”.

credit: Lugner City

Austrian shopping center icon Richard Lugner is dead

The Austrian building contractor and shopping center operator Richard Lugner, who became famous for his appearances alongside Hollywood stars at the Vienna Opera Ball, has died according to media reports. Austrian media reported that the 91-year-old died in his villa on the outskirts of Vienna.

Lefto-to-right: Alexander Eck (Member of the SES Management Board), Christoph Andexlinger (CEO of SES), Marcus Wild (SPAR CEO), Dr. Michael Heinisch (Chairman of the Vinzenz Group Management Board), Sigrid Miksch, MSc (Head of Health Park Management at the Vinzenz Group) and DI (FH) Otto Brandstätter, MSc (Head of Development Shopping Center & Special Projects at SES). /// credit: Christian Leopold, SES Spar European Shopping Centers

New Health Parks To Be Introduced In SES Shopping Malls

At the end of July, Austria’s market-leading shopping center operator SES and Vinzenz Gruppe Service, an expert in health parks, signed a partnership agreement to jointly develop long-term health centers at selected SES shopping locations and thus strengthen regional healthcare provision in the long term.

People on the move: Angelus Bernreuther is leaving Kaufland

Angelus Bernreuther, Head of IR at Kaufland Stiftung & Co. KG and member of the ACROSS Advisory Board, will leave the international foot retailer Kaufland end of July. He worked with Kaufland seven years. After a short break, he will be taking on a new position in the German real estate business.

credit: Cushman & Wakefield

The Retail Market In Poland Continues Its Strong Momentum

During the second quarter of 2024, there were eight new retail completions with the development pipeline comprising approximately 400,000 sq m in the Polish retail market. This indicates healthy supply levels amid unwavering occupier demand and strong retail sales, shopping center footfall and turnover figures, shares Cushman & Wakefield in its latest analysis.

Francesco Pupillo is the MAPIC Director

“GOOD SHOPPING CENTERS SEE THEMSELVES AS STAGES”

The most difficult times are behind us and retail has proven to be resilient, states MAPIC Director Francesco Pupillo. As such, this year’s MAPIC will once again be clearly focused on matchmaking and brands – especially dynamic brands that are part of experiential retail.

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