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ACROSS

Sustainability

Varena Vöcklabruck /// credit: Robert Fritz

Cool Shopping Malls Are Particularly Popular In The Heat

To be “the coolest place in town” as a shopping center, one needs more than just trendy stores: When outside temperatures are high, shopping centers are particularly popular because of their pleasant air conditioning. Sophisticated building technology is used to save energy. SES’s motto is to air-condition carefully and make use of existing resources. The air conditioning in SES centers is 100 percent powered by green electricity from renewable energy sources and, depending on the location, also uses well cooling and groundwater pumps.

credit: umdasch The Store Makers

MODERN AIRPORTS ARE BUILT AROUND THE RETAIL OFFERING

The ultimate goal is for travelers to be able to spend their stay as pleasantly and individually as possible. As a result of this prioritization, airports are increasingly becoming destinations themselves, says Michael Ripfl. Ripfl has been working for umdasch The Store Makers in the field of travel retail, for three decades and has recently developed concepts for some of the largest and most innovative airports in the Middle East. In an interview with ACROSS, he elaborates on the lessons learned from the pandemic, current trends, why retail is shaping the design of modern airports, and what the shopping industry can learn from travel retail.

credit: Airpaq, ACROSS

Airpaq — Upcycling Meets Design

The Cologne-based startup pursues the mission of offering durable and high-quality upcycled products made from car parts at a fair price, with the entire value creation process being geared towards sustainability.

Designer Outlet Algarve’s new plaza in the centre extension is expected to open in summer 2025. /// credit: ROS Retail Outlet Shopping

Designer Outlet Algarve’s Premium Outlet Village Expansion Begins

Designer Outlet Algarve, the premium outlet village for the south of Portugal and Spain, kicks off construction for its center extension. By the summer of 2025, up to 25 new stores will open on an additional 4,000 sq m of gross lettable area, creating around 150 jobs.

Westfield Hamburg-Überseequartier /// credit: credit_moka-studio+URW

Westfield Hamburg-Überseequartier Has Announced 12 New Tenants

In recent months, further brands have been brought on board that will further differentiate the retail and lifestyle destination’s offering. With the Grand Opening on October 17, the city of Hamburg will welcome a vibrant new destination in the heart of HafenCity – a place that dynamically combines retail, residential, office space and leisure attractions.

credit: Citycon

Key Factors Driving Quality At Shopping Centers

Why do we visit shopping centers? Is it merely for shopping, or are we seeking entertainment, a place to meet, or perhaps all of these experiences combined? Despite the diverse reasons that draw us to shopping centers, one expectation remains consistent across all visits: the demand for quality.

Elsa Monteiro, Sustainability Director at Sierra. /// credit: Sonae Sierra

Sonae Sierra Avoided 22 Million Euros In Costs In 2023 Owing To Eco-Efficiency Measures

Sonae Sierra avoided €22 million in operating costs during 2023 by implementing a wide range of measures that improved eco-efficiency levels. According to the Economic Environmental and Social Report (EES Report) for 2023, the company has reduced its greenhouse gas (GHG) emissions by 88% since 2005, reduced its electricity consumption by 68% since 2002 and achieved a 41% reduction in water consumption since 2003. The firm’s waste recycling rate has significantly increased 255% since 2002, reaching 67% in 2023.

Rüdiger Dany, CEO of NEPI Rockcastle. /// credit: NEPI Rockcastle

NEPI Rockcastle Starts 2024 With Double Digit Growth In Net Operating Income And Tenant Sales

NEPI Rockcastle achieved a 12.7% uplift in net operating income (NOI) to 135 million euros in the first quarter (Q1) of 2024 versus Q1 2023. On a like-for-like (LFL) basis NOI was up 9.4%. This solid growth was driven by higher base rents and tenant turnover as well as tight management of operating costs across its retail property portfolio, the largest in Central and Eastern Europe, reveals NEPI Rockcastle in its latest Q1 2024 business update.

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.

Nove Lido, residential area design. /// credit: JTRE

Nové Lido Aims For Carbon Neutrality: Bratislava’s Enlarged Urban Center Targets High-Quality And Healthy Living

The Nové Lido urban district aims to rejuvenate the area between Old Bridge and Apollo Bridge in Petržalka – a project with ten years of planning that will expand Bratislava´s city center on the Danube’s right bank. This will build on the area’s historical identity, while also setting new ecological and community standards for Slovakia and CEE. Ongoing BREEAM Communities International certification confirms our commitment to sustainably develop this zone in the heart of the city.

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THE RETAIL AND HOTEL INDUSTRY - A LONG-LASTING LOVE STORY?
From fashion capitals selling luxury products to bustling marketplaces peddling local goods, the shopping available at certain destinations is a powerful draw for many tourists. Shopping and vacations have always been closely linked. In the same way, the retail and hotel asset classes have always been interdependent.
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