As MAPIC once again draws hordes of retail real estate professionals from all over the world to Cannes on 14-16 November, it does so for the 24th time. With over 8,600 participants expected this year – including 2,100 retailers and 1,000 investors – MAPIC is the undisputed leading retail leasing platform.
And while the event is staying true to its roots by offering a packed conference programme featuring top retail experts, exhibition stands displaying the latest and greatest projects worldwide and unparalleled networking opportunities, MAPIC 2018 has been given somewhat of a facelift.
In a time where factors such as changes in demographics, technological advances and shifts in consumer behaviour have put retailers and landlords alike under great pressure, one could say that the retail industry has entered a new paradigm. This new paradigm is one where lines between online and physical are becoming increasingly blurred – the physical store is by no means dying, but its role is evolving – and where innovation is key as brick-and-mortar retailers are constantly having to reinvent themselves in order to stay relevant to an increasingly fleeting consumer. The theme of this year’s MAPIC has been chosen to reflect these changes in the industry, with the event being headlined ‘Transforming Reality: Physical in the Age of Digital’. A major topic of the conference will be the convergence of physical and digital – something we have seen numerous examples of in past years. Not only are physical retailers increasingly investing in their online channels – now considered equally important as having high street or shopping centre flagship locations – but traditionally online-exclusive brands are now moving into the physical space by opening bricks-and-mortar stores. Recent examples of this include UK-based fashion retailers Missguided as well as American brands such as Glossier and Everlane.
Several panel sessions on this topic will run on Wednesday the 14th, including an opening keynote by Christophe Cuvillier, Group Chief Executive Officer of Unibail-Rodamco-Westfield, who will speak about the importance of bricks-and-mortar, analyse the omnichannel model and give his views on changing consumer expectations. To reflect the ever-increasing importance of e-commerce – e-commerce now represents 8.8 per cent of total sales in Western Europe, 47.7 per cent in the Asian-Pacific region and close to hit 20 per cent in the UK market – this year’s MAPIC will feature a whole new set of speakers traditionally not present at these types of events. Alongside experts from traditional retail players such as Zara, Uniqlo, Nike and Burberry, will be heavyweight e-commerce players such as Amazon, Zalando, MADE.com and vente-privée entertainment, all keen to share their experiences and discuss future projects.
Furthermore, in addition to the main conference programme, we will be hosting three thematic summits, each one reflecting a specific movement in the industry: leisure, outlets and international-scale retail partnerships. A newcomer this year is the Leisure Summit, taking place the day before the main event (13th November). In the wake of e-commerce, shopping centres and other retail destinations are increasingly being transformed into places where customers come not just to shop, but to dine, socialise and experience new things, making leisure an intricate part of the retail offering. The summit will focus on various experiential concepts including location-based attractions, leisure pop-ups and wellness centres, and speakers include experts from companies such as EuropaCity and IMAX. Furthermore, the main event will feature a leisure exhibition zone and several ‘Leisure Talks’ throughout the two days. Back for a second consecutive year is the Outlet Summit and it is more relevant than ever, with recent figures showing that the outlet market has grown by six per cent per year over the last three years. The growth makes it one of the most dynamic segments of the commercial property market, but outlets are increasingly transforming into something more than just sales channels – while offering price-sensitive customers great deals, they can also be tourist attractions and lifestyle destinations. Topics at the summit include the interconnection between outlets and brand strategy and ways to improve the outlet shopping experience for the consumer.
The Global Retail Partner Summit also returns for a second edition, highlighting the increasingly important strategy of working with well established local partners across different target markets. This invite-only matchmaking event has been designed to allow participants to make the most of an afternoon of intense networking, for example by allowing attendees to book meetings in advance based on geography. Finally, joining the usual line-up of country pavilions – including France, Italy, the Nordics, Turkey and India – is the UK, which will have its own dedicated area for the first time. The pavilion aims to bring together the best in breed of each region and comes with a dedicated programme. The UK pavilion have partnered with leading retail property industry advocate Revo, as well as The Completely Group, operators behind some of the UK’s largest retail deal-making events. We are convinced that this 24th edition of MAPIC will be a highlight for this rapidly changing industry – and are looking forward to welcoming all the delegates to Cannes.
Retailoring The Industry
MAPIC is the leading international retail real estate event for key property players to build the ultimate retail and leisure mix in order to become a complete lifestyle destination. The 24th edition of the event will this year take place on the 14-16 November at its usual home of Palais des Festivals in Cannes.
MAPIC is the leading international retail real estate event for key property players to build the ultimate retail and leisure mix in order to become a complete lifestyle destination. The 24th edition of the event will this year take place on the 14-16 November at its usual home of Palais des Festivals in Cannes.
Established in 1995, MAPIC has been at the leading edge of the retail revolution, constantly adding new location-based elements while remaining true to its core mission to bring retailers, investors, developers and specialists together to understand, embrace and drive forward amazing lifestyle destinations, attracting attendees from more than
80 countries.
The event space will cover more than 12,000sq m and feature three international exhibition halls where attendees can discover a multitude of new people and new ideas from more than 800 exhibiting companies.
MAPIC 2018 will feature a world-class programme of conferences hosted by industry leaders, who will share their expertise and insights in more than 100 sessions.
Global Projects: Europe
Belgium
Strategically located at the borders of Belgium with Germany and the Netherlands, City Mall Verviers has an important cross-border catchment area with excellent accessibility. It will bring life to the heart of one of Wallonia’s most important cities and the second-biggest conurbation in the province of Liège. City Mall will provide around 100 units upon completion by developer City Mall. With an area of 27,000sq m, City Mall Verviers will offer a balanced commercial mix, meeting the wishes of both consumers and retailers. The centrally located food court will have a range of quality restaurants and the underground parking area will have a capacity of 1,136 spaces. Construction is due to start in 2019 with a three-year build period. The project is expected to attract five to six million visitors per year to enjoy the pleasant urban environment on the banks of the Vesdre river. The development of the shopping centre is a step towards restoring the status of Verviers as the region’s economic and commercial hub.
Bosnia & Herzegovina
In 2017 developer Delta began the construction of Banjaluka shopping mall. The largest building of this type in the territory of the Republic Srpska will have the area of 62,500sq m, whereas 30,200sq m will be for leasing. The building will be located in the very centre of Banjaluka, at the corner of Olimpijskih pobednika Street and Srpske vojske Boulevard. The mall will host world-famous brands, some of which will be present in this market for the first time. Apart from a large number of new shops, the shopping mall will also have the largest cinema in this region, with the area of 1,500sq m and six movie theatres, as well as the supermarket, a food court and 1,000 parking spaces. The opening is planned in the first quarter of the 2019.
Bulgaria
Delta Real Estate, a Delta Holding member company, in cooperation with Bulgarian company AP investments, has finalised its acquisition of the shopping mall in Varna, on the Black Sea coast. Varna is the second biggest city in Bulgaria and an important tourist centre. This project is worth €120M and is being developed together with Delta’s partner AP investments. The final works on the property with an area of 110,000sq m are in the last stages, while its opening is planned for the last quarter of 2018. The shopping mall will have three floors and three underground levels for parking, along with 160 stores.
Croatia
Opened in June this year was the Designer Outlet Croatia in the heart of the new Zagreb Shopping Complex. In combination with 25,000sq m of discounted luxury at the Designer Outlet Croatia and additional secondary retail with 30,000sq m including a DIY and a hyper market retail park as well as fast food, the scheme has become an attractive and unique one stop shopping destination. The Designer Outlet Croatia has been built as offers more than 4,000 parking places that are free of charge. IKEA Centres developed this unique project in cooperation with ROS Retail Outlet Shopping.
Czech Republic
Due to open in the middle of this month, Outlet Arena Moravia in Ostrava is the latest outlet project by developers TK Development. Phase one of the outlet centre will consist of 70 shops with a GLA of more than 10,000sq m with 800 car spaces. The customers will appreciate a new shopping experience with restaurants and cafes, with both indoor and outdoor seating and a children’s play area. All together this provides an inviting and relaxed atmosphere aimed at increasing customer dwell times and making Outlet Arena Moravia is truly a day trip destination.
Estonia
Opened last month in Estonia, T1 by developer Pro Kapital, is a new-generation shopping and entertainment centre and the newest and largest regional shopping centre in Tallinn. The shopping and entertainment centre has 52,000sq m of space on four levels – three floors of shopping with more than 200 shops and an entertainment level never seen before. The latter’s 11,500sq m of space features restaurants, a multiplex, trampoline centre, an autodrome, adventure park, children’s birthday party venues and a cafe with a Lottemaa (children’s book characters). The roof of the mall will feature the T1 ferris wheel, at 120m the highest in northern and Eastern Europe with the finest views of the capital city.
Finland
One of Finland’s largest shopping centres opened its doors back in September, REDI in Helsinki opened with 63,000sq m of leasable space. With just over 200 leased business premises, REDI has a footfall target of 12 million visitors in its first year. In addition to fashion and interior design outlets, restaurants and cafés, and daily consumer goods stores, REDI offers art, experiences and exercise opportunities as well as basic and wellbeing services for everyday life. Specialities include a climbing arena, the free-fall wind tunnel FÖÖNI and, located on the roof of the centre, the green deck Bryga, an oasis of relaxation intended for all city residents, which is nearly the size of the Esplanadi Park in central Helsinki. The project was developed by SRV.
Zsar Outlet Village will open its doors on 29 November with a full launch planned for the 1 March, 2019. The first premium Outlet Village in Finland is located at the busiest crossing point between the EU and Russia and enjoys a potent cross border catchment of 8.5 million consumers as well as a strong flow of Asian and other tourists transitioning between Helsinki and St Petersburg. Zsar’s Phase I includes 65 stores with premium brands, including e.g. adidas, Armani, Bagatt, Braccialini, Ecco, Guess, Hugo Boss, Iceberg, Kappa, Le Creuset, Lindt, Osprey London, Reima, Roberto Cavalli, Skechers and Zwilling. The food and beverage offering includes a high-quality Italian bistro, an American grill restaurant, Asian fusion kitchen, as well as two coffee shops.
France
Due to open next year is the Shopping Promenade Arles project by developer Frey, it will offer its visitors a new way to shop in the area. The 18,000sq m project will feature 30 stores and will provide a mix of retail brands offering household, personal, sports and leisure and cultural goods once complete.
Also in development by Frey and due to open in 2020 is the Shopping Promenade Claye Souilly. This new concept of shopping and leisure aims to offer visitors a genuinely enhanced experience. The Shopping Promenade is located in a premium shopping area near to one of the most powerful Carrefour hypermarkets in the Paris region. This project will offer its visitors a wide range of shops, restaurants and leisure spots across its 45 stores and 40,000sq m.
In France, NEINVER is developing Alpes The Style Outlets, expected to open in Q4 2020. This outlet centre will be located close to the Swiss border between Geneva—25 minutes away—and Lyon, with a catchment area of 5.3 million inhabitants. The centre will have direct access to the A40 motorway that connects Switzerland and France, a key transport link between the two countries and to popular winter destinations. This ultimate shopping destination will be built in an “Alpine village” style and will feature 19,000sq m of gross leasable area, with 90 units of both internationally and nationally renowned brands. Over 1,300 free parking spaces will be available for visitors.
In the heart of a district undergoing rapid development, Carmila is developing an extension project of high architectural and commercial quality at Nice Lingostière. The aim is to double the commercial offer to 20,000sq m of GLA in 2020 in order to meet a constantly growing demand. This historic shopping centre, anchored by a leading Carrefour hypermarket, will become the reference for the northern part of Nice and the surrounding countryside and Éco-Vallée. Designed by Wilmotte & Associés, the project will create 50 new stores including Zôdio, H&M, Kiabi and a new food & beverage hub. Opening is scheduled for late 2020.
The city of Montpellier has chosen Frey to build the Ode à la Mer project, one of the most important refurbishments of a shopping, leisure and business location in Europe. The Shopping Promenade is located near the Route de la Mer, the number one shopping destination in the region. Planned to open in 2021, the scheme will feature 60 stores on a space of 111,000sq m.
A project being extended by Hammerson is the Les 3 Fonatines extension is Cergy. Les 3 Fontaines is improving its retail offer with an ambitious extension project which forms part of the wider generation of Cergy-Pontoise, in the North West of Paris. A high-quality retail offer with over 72 new retail units as well as a food court housing 14 restaurants will complement the current offer when it is completed in 2021.
Park Avenue Nice by City Mall is the official name of the new large-scale luxury retail project by the Belgian group City Mall, which will keep ownership after completion. Following the acquisition of the former Boscolo Park Hotel in Nice, City Mall is redeveloping a set of luxury boutiques, as well as a five-star hotel for its partner, Paris Inn. After a complete renovation of this iconic building in the heart of Nice, the commercial ground floor will accommodate nine new luxury boutiques totalling 2,875sq m. The upper part of the project will house a hotel complex of 140 rooms and suites featuring a rooftop swimming pool, sun deck, bar and a panoramic restaurant, a 600sq m spa, a fitness area and a conference centre. Completion is due in Q4 2021.
Located right at the heart of the French Riviera in Sophia Antipolis, Open Sky Valbonne is a major development to be completed in 2022. The multi-functional site surrounded by exceptional nature and architecture will host a 60,000sq m shopping area with a focus on fashion, leisure, health & beauty and the best brands specialising in domestic equipment. It will also demonstrate a positive synergy between 20,000sq m of offices, 10,000sq m of entertainment facilities and a four-star hotel. With a fantastic catchment area of almost one million inhabitants and 11 million tourists, and a direct visibility and accessibility from the A8 highway, Open Sky Valbonne Sophia Antipolis will target the centre of the region. With Open Sky Valbonne, Compagnie de Phalsbourg will create the first shopping, lifestyle and food destination on the French Riviera.
Germany
The MyZeil centre is located on Zeil, Frankfurt’s main shopping street. Its spectacular curved glass roof and the longest interior escalator in Europe measuring 42m are MyZeil’s architectural highlights. Currently comprising 100 shops across a 44,000sq m sales area, MyZeil is undergoing a conversion into a modern shopping, lifestyle and entertainment centre due for completion in spring 2019. The heart of this refurbishment is Foodtopia, a spectacular new dining and entertainment area on the fourth floor. ECE will implement a new concept that comprises a broad choice of high-quality international and regional restaurant operators. Its highlights also include a new outdoor terrace with views across the Frankfurt skyline and a premium movie theatre.
ECE Projektmanagement is also developing the modern Cano shopping centre in Singen, which lies close to Lake Constance and the Swiss border. The centre, which will open its doors in spring 2020, is located opposite the train station on the city’s main shopping street. With 500 car parking spaces, 85 shops and a 16,000sq m sales area, Cano has six different entrances and exits leading into all directions and is therefore perfectly integrated into its urban environment. The architecture and design of the centre are inspired by the volcanic legacy of the region and Singen’s traditional industries. Its interior design is inspired by geological structures and features soft shapes, warm colours, and a ceiling resembling superimposed layers. The food court with its vintage design elements will be a real highlight of the centre. It will feature numerous cafés and restaurants with a large culinary choice and bring even more life to Singen.
Greece
Opening during MAPIC this year is Fashion City Outlet in Thessaly, the first discount and entertainment centre in the region. Just a few minutes’ drive from Larissa and less than an hour from Volos, Karditsa and Trikala, the 20,000sq m centre developed by Sonae Sierra will offer a wide range of top brands, some of which will be available in the region for the first time. Among the 75 stores are well-known and casual youth and children brands, women’s and men’s clothing and footwear, fashion accessories and cosmetics, sports and electronics stores. The brands on the roster include Guess, Brooks Brothers, Puma, True Religion, Tommy Hilfiger, Boss, Lapin, and Matou France to name a few. Fashion City Outlet will feature a selection of restaurants, such as Hachiko Asian Food, Hot Pot Pasta, Goody’s, Pizza.gr, Crepamou, Buffala Gelato, To Paradosiako BBQ, Mikel Coffee Company, and will include a multi-screen Village Cinemas with three halls the latest blockbuster movies, and a Volta Fun Town playground.
Hungary
ECE Projektmanagement plans to develop a new shopping centre in the Northwestern part of the Hungarian capital, Budapest. The site is located close to the River Danube, on the site of a former textile factory in the Óbuda district. It is planned to have over 170 shops on three levels and a leasable area of more than 50,000sq m. Construction is scheduled to start in 2019, and the opening is planned for 2021. In addition to an attractive tenant mix comprised of top international brands and local vendors, ECE’s plans for the new development project – which comes with a unique architectural concept and a bright and spacious design – feature a spectacular gastronomy area. An offering of around 15 select food concepts is planned, ranging from good quickservice options and trendy casual restaurants through to fine dining restaurants. Visitors will be served high-quality local and international food and drinks prepared in a modern style and with fresh ingredients. The restaurant area is located next to a large roof garden with a sun terrace where customers will be able to relax and spend their free time. Plans for the project also include bringing an ultramodern cinema with 4D technology to the centre.
Etele Plaza is a 55,000sq m GLA shopping and entertainment centre currently under development and it is located in the top multi-modal public transportation hub in Hungary. The scheme is accommodating 180 retail units arranged over three commercial levels featuring all major fashion anchor stores, foodstore, multiplex cinema and various entertainment elements. Being developed by Futureal, the project is due for completion in 2020.
The New Campona will be one of Europe’s most groundbreaking projects for the next generation of shopper and leisure seeker. The total New Campona experience is a fusion of themes from which every detail has been meticulously planned by a highly experienced team of international experts. Owner CPI Property Group is Europe’s most dynamic, future thinking and ambitious owner promising to deliver an exciting, bold vision based on a deep understanding of the changing face of retail and the new role of social and leisure spaces. As the largest regional retail and leisure centre in Hungary, the New Campona will be extended from 53,500sq m to 72,000sq m GLA, feature a new 30,000sq m public park and an exciting extensive new entertainment, dining and food zone. The New Campona is a major destination filled with immersive, seamless experience, relevant and fulfilling for both the local catchment as well as for domestic and foreign visitors. Retailtainment, entertainment and attraction are key. The extension will build on New Campona’s existing positioning as the leading lifestyle and entertainment destination in Budapest with new attractions complemented by leading leisure, retail, services and other experiences. It also promises to be a superior sensory experience, yet natural, intuitive and sustainable. The project will be presented at MAPIC by CPI Hungary and is due to open in Q4 2022.
Italy
Being developed by BNP Paribas REIM, Nuova Monteluce is a new concept of shopping centre, located in Monteluce, Perugia. It will be completed in 2019 (phase one opens this year,) one km from the centre of the city and one km from the University, a strategic position with a catchment area of over 160,000 inhabitants of whom 25,000 are students. The structure has 19,000sq m of GLA including 3,000sq m of retail and it is divided into two squares; it will offer a mix of shops from household goods to culture & leisure, health & beauty and food that will complement the presence of offices, a health clinic, and student housing. However the anchor will be the food hall, with a wide offer of restaurants for residents, students and tourists.
Rome is Italy’s most popular tourist destination and one of the world’s best loved cities. With its open air artistic treasures, its legendary dolce vita, that unique blend of history, languor, fine cuisine and romanticism, and its magnificent ancient and contemporary art, Rome is the quintessence of the Italian lifestyle. This is why Arcus Real Estate has extended its portfolio of premium outlet developments to include Roma Outlet Village, providing visitors to this world capital with an extraordinary and unforgettable shopping experience. The first phase of 21,000sq m and 90 stores will open in autumn next year, and the second phase, when it arrives, will add another 50 stores and 11,000sq m.
Emilia District in Parma, a development by Sonae Sierra and Impresa Pizzarotti which is due to open next year, covers an area of around 300,000sq m and has an overall GLA of around 74,000sq m with around 170 units. The shopping district consists of a multi-level shopping centre with a GLA of around 53,000 sq m and an adjacent retail park with a total GLA of around 21,000sq m. Both will be surrounded by ample green public areas and more than 5,100 parking spaces (including 1,600 in a multistorey car park). The shopping district will benefit from an interregional catchment area of over 700,000 inhabitants within 45 minutes’ drive time. More than 30 per cent of the total GLA has been pre-leased with the major Italian and international brands represented.
The Caselle Open Mall introduces a totally new concept for destination shopping & leisure venues of regional standing. The open mall design offers an unprecedented combination of open-air ambience and total protection from inclement weather conditions, allowing an unparalleled visitor experience. The impressive, state-of-the-art leisure offer and the directly connected main food & beverage area (fully enclosed and climate controlled for maximum comfort) have been designed to operate – if needed – independently of the retail component, to allow for late opening hours. The retail offer will extend from fast fashion to premium brands and will include a food superstore focused on quality and freshness, to satisfy today’s increasingly demanding consumers. The 113,000sq m, 250-store project is being developed by Aedes Siiq and is expected to be completed in 2021.
Cascina Merlata is a large-sized retail real estate project which will be built next to the Expo Milan 2015 site. With 192 shops, a GLA of approximately 65,000sq m and more than ten million expected yearly visits, the Falcon Malls shopping centre is part of a wider urban redevelopment plan of 900,000sq m in the Cascina Merlata district, to the North-West of Milan. The mall will have an estimated catchment area of 3,826,794 inhabitants. The primary catchment area will include more than 206,920 resident customers with a potential growth of 15,000 units when the entire Cascina Merlata residential project is completed. The Cascina Merlata commercial hub will split into two connected structures. The west wing and the Promenade will house the main retail and food offer, while the east wing will be mostly focusing on leisure and entertainment activities including the cinema, the food court and a supermarket. Completion is due in the first half of 2021.
Milanosesto is the largest post-industrial redevelopment project currently in progress in Europe. The former Falck area is being completely redesigned into an entirely new city. Falcon Malls is an essential part of this project: it will build a mall, a leisure and entertainment area and a mixed residential/retail area, with a total commercial GLA of 131,320sq m with space for 365 stores and 4,500 parking spaces when it is completed in the second half of 2021. Concordia – Milanosesto will have a diverse mix with all the major national and international retailers in the different sectors, as well as unconventional and new brands interested in entering the Italian market. Falcon Malls also plans to bring an innovative gastronomic offer to Italy based also on smart food and signature chefs. The entertainment area with a new generation of indoor playground and a multiplex cinema will complete the project.
Back in June, Westfield Milano signed an agreement with Inditex, the world’s largest fashion retail group, to open six new flagship stores in the development which is set to become the largest and most iconic retail and dining destination in Italy. The new stores from Inditex join announced retailers including French luxury department store, Galeries Lafayette which will open its first store in Italy, UCI Cinema which features 16-screens with 2,500 seats and an upmarket dining service as well two major retailers from Gruppo Coin: the Italian premium department store: Coin Excelsior and OVS. At 185,000sq m across four-levels, the €1.4bn Westfield Milano development will feature over 380 stores including luxury; restaurants; cinemas; leisure and entertainment as well as parking for 10,000 cars. It will feature the latest in digital technology and high-end shopping and tourism services. Construction is expected to start this year with a completion date of late 2021 through a joint venture between Westfield and Arcus Real Estate.
Netherlands
Forum Rotterdam is an innovative mixed-use regeneration project in the city centre of Rotterdam. The site is uniquely located in the busy geographical and emotional heart of the city, at the junction of Rotterdam’s most important pedestrian shopping streets: Coolsingel, Lijnbaan, Binnenweg and Beurstraverse which see 12-15 million visitors per year. Once complete, Forum Rotterdam will comprise 64,000sq m of space for 11 shops, along with restaurants, offices and apartments.
In the Netherlands, NEINVER and TH Real Estate are developing Amsterdam The Style Outlets, set to be an international premium shopping destination with a commercial mix based on both international and Dutch renowned premium brands. The project is scheduled to open in autumn 2020 and will feature a retail area of 18,000sq m, with 115 stores. A further 1,000sq m is planned for leisure areas, restaurants with terraces, walkways, gardens and a playground area. The centre will also provide 1,950 parking spaces for visitors and it will be easily accessible by both highway and public transport.
Norway
Offering 166,000sq m of retail, housing and offices, Bispevika is one of the largest urban regeneration projects to ever take place in Norway. It is the latest development undertaken by Oslo S Utvikling AS (OSU), located next to the Central Station where one million people commute every week. Set to open in phases between 2020 and 2024, Bispevika will be an extraordinary mix of retail, housing and offices with an anticipated footfall of six million each year. Its waterfront location, set in a buoyant area that is expected to become Oslo’s new destination for retail, food and culture, provides both a unique view of the Olso fjord and proximity to the city centre and landmarks such as the Munch Museum and the Opera House. The retail leasing, which will cover the ground level throughout the entirety of the development, will focus on fashion, food and beverage, culture and exciting brands; both Scandinavian and international.
Poland
Koneser is the first mixed-use lifestyle centre in Poland, combining the charm of the revitalized Warsaw Vodka Distillery’s buildings with new structures inspired by the original factory architecture. Koneser offers an extensive retail space of 21,800 sq m, introducing a new concept for a modern shopping destination in Poland. The tenant mix includes the best local fashion, design and art and 30 per cent of retail space is dedicated to food operators with cafés, clubs and restaurants serving a wide selection of cuisine from around the world. These include the Grupa Warszawa’s concept, Bombaj Masala, ZONI, WuWu, ¾ Bar and others. Unlike other popular retail projects, Koneser provides several more features: office, restaurant, tourist, educational, hotel, housing and leisure functions. The centre will open this year on a plot of 74,000sq m by developers Liebrecht & wooD and BBI Development.
One of the largest Belgian commercial and residential property developers is launching its business in Poland. The first major Polish project by Equilis will be Galeria Chełm, a shopping center developed as a joint venture with Acteeum Group. Galeria Chełm will be the first modern mall in the only former provincial capital in Poland without a facility of this type. A total of 55 shops will take up 17,500sq m of space. Shoppers will have access to a parking garage for 500 vehicles. With its convenient location, it may become the number one shopping destination for approximately 300,000 residents within a 45-minute driving distance, not only from Chełm and the neighboring areas, but also from nearby Ukraine and Belarus. The joint venture of Equilis and Acteeum Group will cost approximately € 30 million. Construction of Galeria Chełm is expected to begin in 2018 and will continue until the second half of 2019.
Galeria Orkana is a commercial and services centre located close to the most densely populated residential districts in Lublin: Czuby Północne, Rury, and Czuby Południowe. Thanks to its comprehensive offer, Galeria Orkana successfully meets the needs of the local residents. A clear and intuitive layout of the shops in the centre makes everyday shopping more convenient. The primary catchment area of 75,500 inhabitants has very strong growth potential due to the fact that Węglin is one of the most dynamically growing residential areas in Lublin. It borders with Konopnica commune, a suburban area with many semi-detached and detached houses. The 9,500sq m centre will house 35 stores when completed in the second half of next year by developers CPI Poland.
Also on show at MAPIC by developers CPI Poland is Ogrody Shopping Centre, the largest multifunctional shopping centre not only in the city of Elbląg but in the entire region. The first extension of the centre was completed in 2015 and turned Ogrody Shopping Centre into the region’s most modern shopping centre with unrivalled commercial reach. The tenant mix includes renowned global brands which meet the shopping needs of the local customers. The facility is BREEAM In-Use rated “Very good”. The upcoming extension will mean the centre will spread over 47,000sq m and have space for 98 stores when it is completed in the second half of 2020.
Portugal
VIA Outlets, the industry-leading owner and developer of outlet shopping destinations, has a portfolio of eleven premium fashion outlets across Europe, spanning a total of nine countries from Norway to Spain. The portfolio, a joint venture between APG, Hammerson, Value Retail and Meyer Bergman, offers a total of 259,000sq m GLA and over 850 brands including Armani, Nike, Tommy Hilfiger, Polo Ralph Lauren, Coach and Michael Kors. Over 30 million guests visited the different locations in 2017 and the company saw over €1bn in brand sales. In a recent initiative, Europe’s largest suspended kinetic artwork was installed in VIA Outlets’ Freeport Lisboa Fashion Outlet in Portugal. This marks an important step in the company’s strategy to continue to transform its outlet centres from purely transactional to experience-driven places.
The NorteShopping expansion is a €77M investment located in Matosinhos (Porto) owned in partnership by Sonae Sierra and TIAA-CREF. The shopping centre will be expanded by 14,000sq m of GLA, adding 34 stores and 850 parking spaces to the existing 230 shops and 3,045 parking spaces. In the expanded area, relevant fashion anchor stores will be added and an additional key feature will be the introduction of an exclusive commercial offer within a new premium mall, with aspirational brands, under a modern and trendy design concept. Leisure and entertainment options will be reinforced with a total reconfiguration of the food court, which will include a new food hall concept in line with the latest gourmet trends inspired by traditional street food markets. The development is being overseen by Sonae Sierra and is expected to complete next year.
Republic of Ireland
Hines has recently welcomed the decision by Dún Laoghaire-Rathdown County Council to approve plans for a new 195,000sq m town center development in Cherrywood. The €1bn mixed-use development will include 1,269 build-to-rent apartments, 54,000sq m of retail and office space, as well as leisure space. The dynamic new urban quarter will prioritize pedestrians and bike users and will incorporate both covered and open public spaces, as well as an extensive array of shops, bars, restaurants, a 200-room hotel, and other leisure facilities. Construction on the three-year project is expected to commence during the fourth quarter of 2018.
Romania
Earlier this year Colosseum Retail Park announced its plans for the construction of the Colosseum Mall project and the expansion of the existing retail scheme with a new concept. With an investment of €30M from developer Nova Imobiliare planned for this stage of the business development, Colosseum Mall will combine both commercial and office use. The 16,500sq m will include local and international fashion brands, fast food and dining restaurants, fitness centre, play areas for children, casino, lounge bar as well as an ultra-modern seven-screen multiplex cinema. More than 75 per cent of the GLA is under advanced discussion, showing the strong demand for retail in Bucharest. The project will comprise a 1,500sq m area dedicated for A class offices, which will target mainly healthcare providers.
The second Fashion House in Romania, Fashion House Outlet Centre Cernica will be a 12,250sq m open-air shopping gallery from developers Liebrecht & wooD, carefully designed to offer the look and feel of an old town. Its architectural themes will immerse visitors in another dimension of entertainment and style. The outlet concept will be maintained in order to offer visitors discounts every day and value for money for our customers. The project will open its gates in 2019 with the first of two development stages. The first stage will deliver 55 stores and the second phase will offer another 25 stores.
Russia
Dream Island, currently under construction in Moscow, is the first city resort in Russia and the biggest indoor theme park in the world. The total development area is approximately 100ha, of which the amusement park is to occupy 300,000sq m. Dream Island will have 10 theme areas with 40 different activities for adults and children, 27 of which will be modern and unique rides that will allow visitors to immerse themselves in the magical worlds of their favourite animated films. The planned opening for the project is Q1 2019. In addition to the themed part of the park, Dream Island will also include 31.9 ha of landscape park with children’s areas and sport zones, an open-air cinema, a dance floor, pavilions for master classes and an artificial pool with fountains. A multipurpose concert hall will have a capacity of 3,500 while a multiplex cinema will house 17 auditoriums, including an IMAX theatre. The project will also include space for more than 30 retail units.
IKEA Centres Russia is to more than double the size of its Mega Adygea-Kuban mall, in southern Russia, near the Black Sea. The project is part of a €2bn upgrade program IKEA is undertaking at all its 14 Mega-branded shopping centres in Russia to enhance their utility beyond being just places to shop. The €190M Mega Adygea-Kuban expansion will see the addition of a lakeside al fresco dining area, plus other restaurants, retailers and entertainment. The centre will measure 190,000sq m when the expansion is completed in 2021.
Serbia
GTC Serbia, part of GTC International Group, is working on its new retail project in Belgrade, Ada Mall, the opening of the project is scheduled for the end of this year. Designed by renowned architects Design International, Ada Mall will have a gross leasable area of approximately 34,000sq m, offering more than 100 retail units, as well as 1,000 parking spaces. The shopping centre will welcome several brands for the first time. The project will be designed and built according to the latest international standards, featuring wide corridors, natural lighting and attractive common areas.
Developer Delta Holding is planning to build the Delta Planet shopping centre in Nis, works on the scheme began in February this year. The 40,000sq m centre will be constructed at a cost of €80M and will be developed over 15 months. The new shopping mall will have easily accessible entrances with an attractive amphitheater, with restaurants above the entrances providing a panoramic view of the the city, as well as entertainment zones which will make the offer more complete and enable people of all ages to enjoy the experience throughout the day.
Slovakia
Immofinanz is taking Slovakia’s first modern shopping mall, Vivo! Bratislava, to the next level by transforming the former hypermarket area into the new heart of the centre.. In all 15,000sq m of new retail space will be created, welcoming more than 25 new shops. The offer will be widened by additional services and new fashion brands including selected premium brands. The redesign and extension will be completed ready to open in Q4 2019.
The EUROVEA2 project is gaining pace in Bratislava following the success of EUROVEA which has reinvigorated Bratislava’s riverside, EUROVEA2 will support and extend what Bratislava residents and visitors loves. The project design reflects the Danube as the key-player in urban development, leveraging the riverside’s potential and supporting a wide range of leisure and sport activities. After the extension the shopping centre will stretch to 84,000sq m.
Slovenia
A new shopping centre is being built right in the heart of the Šiška district of the Slovenian capital of Ljubljana. The shopping centre in Ljubljana-Šiška will offer approximately 90 shops, restaurants, and service outlets. The gastronomy facilities on the second floor will serve as the highlight. The first floor will feature an outdoor terrace as well as a green area on the roof, which is intended for sports and leisure facilities: The so-called “Activity Roof” will provide sports enthusiasts with a volleyball and basketball court, a fitness course, and a running track. Construction work on the centre began in the summer of 2017. The total investment in the project from developer SES Spar European Shopping Centers amounts to €130M, with the leasable area amounting to 32,000sq m. Completion is scheduled for 2020, and 700 new jobs will be created.
Spain
The Torre Sevilla Shopping Center, a CaixaBank project is the first mixed-use, urban and open shopping centre in the city of Seville, will open its doors during the second half of September. Designed by the prestigious Argentine architect César Pelli, considered one of the most important architects in the world and adapted for commercial use by the Broadway Malyan architecture studio, the shopping center is composed of two large buildings that add up to 26,700sq m of gross leasable area and 43,000sq m built. In the fashion sector there is the first Primark urban shop in Seville, as well as other major fashion and accessories operators such as Mango, Women’s Secret, Springfield, Hunkemöller, Calzedonia, Tezenis, Foot Locker and JD Sport; and the Andalusian brands Mayoral, Marypaz and Aromas.
Opened just last month, Torrecárdenas is an innovative commercial complex designed by Chapman Taylor International Studio and developed by Bogaris, which is located in the largest residential expansion area of the city of Almeria. It provides 62,000sq m of GLA and more than 3,000 parking spaces. In the interior of Torrecárdenas, large brands trade alongside the main players in groceries, technologies, sports, fashion, local commerce, restaurants and leisure. In this way, Torrecárdenas has managed to bring together the main commercial, catering and leisure operators in a single space, with all the brands most in demand by consumers. In addition, Torrecárdenas is not only a commercial centre, but it stands out as a cultural hub for the world of cinema, with 10 screens incorporating the latest technology. There will be a rich list of performances and activities, allowing the visitor to have a global experience in a unique architectural environment.
The Finestrelles Shopping Center in Esplugues de Llobregat (Barcelona), is in the last phase of construction and will open its doors on 14 November 14 with 95 per cent of its commercial premises occupied, and with hopes to attract more than eight million visitors in its first year. The new shopping center, which has a BREEAM sustainability certificate, is the first project in Spain of the Belgian real estate company Equilis, which has invested a total of €120M in it. The commercial and leisure offerings of the Finestrelles Shopping Center will be distributed among 110 stores over three floors, with a total area of 39,250sq m, and more than 90 agreements with brands such as Decathlon, Media Markt, Zara and Mango, among others have already been closed ahead of the opening.
McArthurGlen Designer Outlet Málaga, developed together with Sonae Sierra, will become the first designer outlet in the south of Spain when it opens next year and marks McArthurGlen’s entry into the Spanish market. The €140M development will span 30,000sq m of retail space and is being developed in two phases. When complete, the centre will be home to 170 stores, including some of the most sought-after luxury and designer brands. Located adjacent to the successful Plaza Mayor Shopping Centre, the city’s most visited shopping centre with over 10 million shoppers every year, this is the first time McArthurGlen has developed a designer outlet that neighbours an existing full price shopping mall.
With its lake and array of leisure attractions including open-air skiing, theme park and aquarium, along with hotel, conference centre and wildly creative retail units, intu Costa del Sol is a prime location in Spain and is set to redefine the model of shopping centres in Europe when it opens in 2020. Set to become the biggest shopping and leisure centre on the Mediterranean coast, the €600M project will include a resident circus, a Ferris wheel, wave pool, ski slope and aquarium. In addition, it will have landscaped botanical gardens and will incorporate architectural elements linked to the history of the town, including several mills. According to data provided by British-based developer intu, the park will have more than 8,000sq m of multipurpose areas; 23,000sq m for sports and culture; and more than 65,000sq m of green areas planted with 3,000 trees.
Sweden
Just 25 minutes from Gothenburg, Hede Fashion Outlet brings together over 150 of the biggest Scandinavian and international fashion and lifestyle brands in one convenient location. Opened this year following development from VIA Outlets, the outlet centre was designed as an open-air destination, with stores and cafes clustered around pedestrianized streets along which guests can shop, dine and unwind 361 days of the year.
C4 comprises a new shopping centre and hypermarket of 40,600sqm and is located alongside the E22 motorway to the south of Kristianstad and began serving a catchment of around 300,000 when it opened in September this year fully let. The hypermarket unit is mainly let to City Gross which opened successfully during 2017. C4 by developers Agrenkonsult Sverige AB has around 90 tenants together with a 20,000sq m retail park.
Turkey
Inegöl Mall, one of the investments of Fiba Commercial Properties in Turkey has begun its renewal. The project aims to establish new facets into the mall to increase the number of shops from 85 to 100 and the current leasable area from 35,000sq m GLA to 42,000sq m GLA. The mall will remain open during the renovation and the new leasable area in the middle square of the mall will contribute a more holistic and compact architectural identity. 70 per cent of the new space has already been let and the new variety of brands will offer visitors a more enjoyable shopping, entertainment and social life experience.
The market for shopping centres in the Turkish metropolis Istanbul is constantly in motion. The furniture and home decoration mall Home City Pendik will be yet another shopping centre with 90,000sq m of GLA when it opens shortly. This centre was developed by Evra Group and Has Group and the total investment amounts to 500 million Turkish lira. JLL – which operates in 80 countries – is responsible for leasing and management. Home City Pendik offers a wide range of home textile, glassware, carpets, curtains and lighting brands to ensure all the needs of newlyweds, families, students etc. are met. Furthermore, kids can play in play zone while families have their meals in the foodcourt.
UK
Launched six months ahead of schedule in March, Westfield London opened the first phase of its £600M expansion and welcomed major new store openings including John Lewis, Adidas, H&M, West Elm, Currys PC World, Boots, Space NK, Mango and The White Company. The opening signaled the start of a phased opening of the 740,000sq ft expansion which will see more than 90 new shops, cafes, restaurants and leisure outlets open throughout 2018 taking Westfield London to 2.6 million square feet, making it the largest shopping centre Europe. The Westfield London expansion will reinforce West London as a leading shopping, dining and entertainment destination.
intu Watford by developers intu, is transforming the retail and leisure landscape in Watford. The 400,000sq ft development which opened in September has been predicted by CACI to elevate the town to a top 20 retail destination alongside Edinburgh and Bristol. An impressive nine-screen IMAX cinema, contemporary bowling offer from Hollywood Bowl and host of new restaurants and bars, including TGI Friday’s and The Florist will become an increasingly important part of why shoppers choose to visit Watford as they seek compelling shopping experiences. The growing appeal of the centre will increase its potential catchment population from 1.6 million to 2.8 million, making it the number one choice for even more shoppers.
Scarborough International Properties Limited (SIPL), the UK and international real estate developer and its joint venture partner Legal & General, have opened The Springs, the 350,000sq ft retail and leisure destination at Thorpe Park Leeds, with its official opening taking place on 11 October. Retailers on-site include M&S Foodhall, H&M, Next, TK Maxx, Outfit, Boots and leisure brands including Nando’s, Gino D’Acampo’s My Restaurant and Pure Gym have opening their doors, offering visitors to The Springs a variety of activities for all the family including giveaways and complimentary food from a selection of street vendors. In addition to renowned high street brands, a 44,000sq ft, 10-screen ODEON offering state of the art screen and audio technology and luxury seating, is due to open in Spring 2019 located adjacent to, and above the boulevard of restaurants within the leisure offering at The Springs. Further high street leisure and retail occupiers are due to be announced over the
coming weeks.
A new mall opening last month at the O2 complex in Greenwich — the first shops on the site since it was turned into a music arena in 2007. The ICON Outlet mall, consisting of 85 stores, covers 210,000sq ft of space that has been empty for more than a decade, since plans for a “supercasino” were shelved. Major retailers at the centre will include ASICS, Aspinal of London, Cath Kidston, Crew Clothing Company, Gant, Hackett, Jack Wills, Karen Millen, Kurt Geiger, Osprey, Phase Eight and Ted Baker. The integrated nature of the project, alongside food and entertainment, is what the development team of AEG and Crosstree believes will set the venture apart from other outlets and make it a success in this difficult period for retail. Phase two of the development on the lower level, will open in March, with a large retail presence, alongside restaurants, a Hollywood Bowl and the largest cinema in London.
McArthurGlen Designer Outlet Ashford is perfectly located just 35 minutes from London. Following 18 years of continued success, the 185,000sq ft centre is underway with an exciting new phase that will elevate the shopping experience for visitors and the retail environment for McArthurGlen’s brand partners. Scheduled to open in autumn 2019, the 100,000sq ft extension will deliver up to 50 additional premium and luxury brands, a new food piazza, an events space and a redesigned children’s play area, as well as 725 new parking spaces. The £90 million expansion will also include Europe’s largest living wall structure and many of the stores in the new phase will be clad in tens of thousands of plants, all stacked vertically.
To be completed in 2020 by developer Meyer Bergman, Borough Yards has been given the go-ahead to start work on the £300M mixed-use redevelopment around Borough Market in South London. Designed by architect SPPARC, the development features five mixed-use buildings for offices, shops, gallery, restaurants and a cinema. Also it will restore and reinvent the lost medieval street pattern of the area adjacent to the world-famous food destination Borough Market. Several historic local street names will be revived, including Dirty Lane, Clink Yard and Soap Yard. Aside from offices, Borough Yards will provide more than 115,600sq ft of retail and leisure space.
intu Trafford Centre is perhaps the single best-known and most iconic retail and leisure destination in the UK. The centre attracts customers from across the world and an increasing number of international retailers including Abercrombie & Fitch. Developer intu is investing £75M to enhance Barton Square at intu Trafford Centre which will include redesigned interior and a glass-domed roof. Existing anchor tenants including SEA LIFE Manchester, LEGOLAND® Discovery Centre and Next Home, will sit alongside a new Primark which will open when the project completes in early 2020.
Edinburgh St James, the 1.7 million square feet development, and Scotland’s largest and most significant mixed-use regeneration project in a decade, has reached its halfway point in construction. The £1bn scheme, being developed by TH Real Estate, is the biggest city-centre development Edinburgh has seen in a generation. It will completely redefine retail-led mixed use regeneration not just in Scotland, but in the UK through its scale, innovation, and quality of its offer, repositioning Edinburgh as one of the most exciting, and sought after destinations in Europe. The retail section of the scheme is set to open in 2020, while the whole project will complete construction in 2021. The project will boast a world class retail and leisure offer and the scheme comprises 850,000sq ft of retail space, the UK’s second ever W Hotel, 152 unique apartments, 30 restaurants, a Roomzzz aparthotel and the city’s first Everyman cinema. Post development, Edinburgh St James will further strengthen the city’s standing as a global tourism destination with a predicted 13 per cent growth in tourism and it will push the city six places up the UK retail rankings to 8th Place.
The town of Castleford in Wakefield, West Yorkshire is set to welcome to the development of a huge regional shopping mall called Axiom. Lateral Property Group, in partnership with investment firm Highgrove Group has announced that the project will be located along the M62 near the existing Junction 32 outlet centre. The flexibly designed Axiom shopping and entertainment development will allow for an ever-evolving mix of the world’s best retail and leisure offerings, creating an unmatched day out for the entire region. Construction is set to begin this year for an official opening in 2021. Axiom’s retail floorspace will take up 600,000sq ft and will comprise of around 75 units, with pre-lets already secured with Next, Primark, Marks & Spencer and Boots.
Peel Lifestyle Outlets are developing the £100 million, 350,000sq ft project at Glasgow Harbour that is due for completion in 2021. The Glasgow Harbour Lifestyle Outlet will include shops, restaurants and cafes, a waterfront promenade, a new cinema, gym, family leisure facilities and a public square and event space. The leisure-led development would add to the attractions of part of Clydeside which already includes the Glasgow Science Centre and the Riverside Museum.
Africa
Developer Novare Real Estate late last year opened over 34 000sq m of prime retail space over the course of two weeks in Nigeria and Mozambique. Novare Gateway – a modern lifestyle centre of 15,000sq m offering a combination of shops, restaurants and entertainment – opened in Abuja, Nigeria, on 30 November, followed by the opening of the 19,500sq m Novare Matola mall, in Maputo, Mozambique on 9 December. Developed at a cost of $47M, Novare Matola is home to 50 stores, anchored by a 6,000sq m Premier Superspar store. The mall has the potential to be expanded to 50,000sq m during future development phases. Novare Gateway is located on the main ten-lane highway between Abuja’s Nnamdi Azikiwe International Airport and the central business district. With modern infrastructure and facilities, and Shoprite as the anchor tenant, the centre is well situated to meet the needs of the growing Abuja community.
The Es-Senia shopping and entertainment centre, opened last month by developers SCCA will include a total of some 120 retailers occupying 33,000sq m of sales and leisure space on two levels. The centre will include a hypermarket, shops, leisure activities, bowling, fitness, an orchestra land for games and children’s parties. A 1,600-space car park is planned in an independent building, fully ventilated, connected with both commercial levels by escalators, rolling ramps and lifts. This is not only to offer an attractive commercial offer, but also to offer an alternative in terms of leisure, combining fun activities, cultural and events, day and night.
Zenata shopping centre, a €100m investment located in Mohammedia (Casablanca), will be developed by international shopping centre specialist Sonae Sierra in a partnership with Marjane, Al Futtaim and Société d’Amenagement de Zenata (Groupe CDG). Zenata shopping centre will have 120,725sq m of GLA, with 250 shops served by approximately 3,975 parking spaces. The centre will have 18 anchor stores, including Ikea (opened in 2016) and a Marjane hypermarket. Adjacent to highway A3 that connects Rabat to Casablanca, the shopping centre will serve over 5.9 million inhabitants in its catchment area. The first phase of the project – opened in March 2016, – is the first Ikea store in Morocco. The second phase comprising the shopping centre and retail park will open in 2021. Zenata shopping centre will create 4,500 direct jobs for the local community, in a newly developed area with modern facilities such as a university, a hospital, a TGV station, hotels, residential, exhibition centre and a business district.
Americas
Custom planned to offer a new level of comfort and now the state’s largest and best shopping and leisure destination, the Cuiabá Station Mall was delivered last month. The scheme had been conceived using the latest mall innovations to provide an advanced, social and entertainment centre for the families of Greater Cuiabá and of the region. All in all, there are 284 stores, eight anchor stores, 16 megastores and over 200 satellite stores, including some of the largest in the state. The centre features parking for 2,000 vehicles, seven movie theatres, gourmet promenade, games area, a pet park and an innovative food hall and service promenade. The project was developed by brMalls and spreads over 47,000sq m.
With more than 50 years of experience in the Brazilian shopping center segment, Iguatemi has used its know-how in the outlet business to create the new I Fashion Outlet Santa Catarina. The mall will combine the best national and global retail and architecture in an open mall format and visitors can have some fun with two unique attractions: a 22m-high ferris wheel and a wave pool. The project is due to open next month and among the confirmed occupiers are major retail players at national and international level such as Vilebrequin, Le Lis Blanc, Tommy Hilfiger, Luigi Bertolli, Ellus, VR, Track&Field, CNS, Kipling, New Balance and Brookfield. The project will also offer fast food options at the food court, restaurants and parking with 950 spaces. I Fashion Outlet Santa Catarina will offer permanent discounts of up to 70 per cent for all products throughout the year.
The largest mall in the northern region of Rio Grande do Sul, Passo Fundo Mall will have a total of almost 50,000sq m of built area across three floors. It will house over 200 stores including anchor stores, megastores and satellite stores, totalling 30,000sq m of GLA. The parking area will have about 2,000 spaces.
With a privileged location in the district of São Cristovão, the scheme will serve a catchment area of one million inhabitants across the entire northern region of Rio Grande do Sul. The development by AROSO, F4 Invest and Trust Investments is due to open this year.
A large development being constructed amongst the companies Tacla Shopping, Casteval, Paysage and Greca Asfaltos, Jockey Plaza in Curitiba will have a built up area of 200,000sq m with around 60,800sq m of GLA. Jockey Plaza will be the capital’s largest shopping centre and the largest in southern Brazil. Designed by the renowned architect, Arthur Casas, the mall is planned to accommodate 450 businesses including 420 stores, financial services, laboratories and a movie theatre. The project is currently due to open next year.
Palladium Shopping Centre in Umuarama will be the Paraná region’s largest shopping, service and leisure mall, bringing even greater comfort, development and leisure to a market which has the largest consumption potential in the region. The 24,000sq m project will feature 120 stores, and will be delivered in the second half of next year by developers
Tacla Shopping.
Another project to be presented by developers Tacla Shopping at MAPIC is Citycenter, Brazil’s first enterprise to gather together in a single place two commercial segments: a shopping centre alongside a retail park providing DIY stores, in addition to a hotel. With a gross area of 74,600sq m the mall will provide business and development opportunities to serve the population of Campo Largo and the other cities in the region. The scheme is strategically located on the BR277 highway 25 km from the city of Curitiba. The site will have 59,000sq m of space for retail, offer 200 stores for its estimated six million visitors a year and it currently has a planned opening date of 2020.
Back in May, more than a thousand shoppers lined up for the grand opening of the amenities-packed Premium Outlet Collection Edmonton International Airport. The fully enclosed centre, a joint project between developers Ivanhoé Cambridge and Simon, includes space for 100 retailers and six anchor tenants, and upon opening included DSW, Forever 21, H&M, Nike Factory Store, Old Navy Outlet and Marshalls. With 428,000sq ft of retail space, the centre is designed for locals and tourists. A regular shuttle runs from Edmonton International Airport next door, and plane arrival and departure times are posted throughout the centre.
With the unification of two properties (Complexe Les Ailes and Montreal Eaton Centre), the Montréal Eaton Centre project when it is complete in 2020, will offer a fully integrated and completely redefined retail environment. In addition to its strategic location and dominant position in downtown Montreal, the centre will provide an enhanced commercial offering and unparalleled shopping environment that will exemplify the newest trends in retailing and a new means of consumption, including Time Out Market. Time Out Market Montréal will bring the best of the city together under one roof; its best restaurants, bars and cultural experiences, based on editorial curation. Visitors will get to taste food from the city’s top chefs and best restaurateurs, sip cocktails from leading mixologists, and experience culture with Montréal’s rising talents. The shopping centre, which already benefits from a connection to Montreal’s underground city, will also benefit from the renovation of Sainte-Catherine Street West, the future McGill light rail train station that is part of the Réseau Express Métropolitain (REM) and the densification that has been under way for several years in the area. The 44,600sq m project will feature more than 200 stores and is being developed by Ivanhoé Cambridge.
Jardin Plaza Cúcuta, built with a unique design and concept, will be the city’s biggest mall and the first to offer an open-air environment. Developed jointly by Sonae Sierra and Central Control, its opening is scheduled for late 2018 and will feature 43,000sq m of GLA. With the best selection of local, national and international brands, the centre will present a unique tenant mix. It will have 180 shops, including a hypermarket, cinemas, electronics store, gymnasium, casino and a playground. The catering offer will consist of 35 restaurants and various kiosks. In addition, visitors will enjoy 1,400 car parking spaces plus 400 for motorcycles, Wi-Fi access throughout the mall, 24- hour security and a permanent information point. Jardin Plaza is located in one of Colombia’s fastest-growing cities with economic growth above the national average. Its design and architecture will be one of the main attractions of the mall. Vegetation, water fountains and the mall layout will help to protect it from wind and heat, generating an efficient, open and modern architecture.
iP2Entertainment in partnership with Thor Urbana, one of Mexico’s leading real estate development companies will launch the Town Square Metepec project this month, the 90,000sq m scheme will feature a National Geographic Ultimate Explorer centre, along with a variety of stores, multiple restaurants and a range of entertainment options. The 2,000sq m National Geographic Ultimate Explorer centre will take guests into the far reaches of space, the deep depths of the ocean and all the spaces in between, inspiring the next generation of scientists, engineers, astronauts, biologists, oceanographers and thinkers.
In Mexico, Thor Urbana is also working to complete The Harbour Merida project by the end of this year. The scheme is set over a leasable area of 700,000sq ft and is being designed by Elkus Manfredi Architects. The lifestyle mall will have a modern design combined with local influences, offering the best shops and international brands in fashion, home, entertainment, and restaurants as well as a harmonious lake. The surrounding mixed-use complex will also include a corporate,
residential and hotel component.
Simon’s Denver Premium Outlets opened back in September with a variety of events, local food trucks and activities. Shoppers got their first look at the 333,000sq ft centre, in Thornton, Colorado, 12 miles from downtown Denver. Brands at the outlet centre, one of two to open in the US this year, include Banana Republic, Hugo Boss, Coach, Gap, Michael Kors, Nike and Under Armour. Denver Premium Outlets also features a variety of amenities including an interactive play park for children, a dinosaur ‘fossil pit,’ a fireplace, a canine watering station, free Wi-Fi and charging stations.
Empire Outlets is a category-defining retail destination and New York City’s first and only shopping outlet. It will be the retail centerpiece of New York City’s newest entertainment district of Staten Island’s waterfront. The world-class shopping destination is located at the base of the Staten Island Ferry Terminal, a 20 minute free ferry ride from Manhattan. It will host approximately 100 shops of the finest brands, an extensive array of waterfront food and beverage concepts and a 190 room boutique hotel with rooftop lounge offering unparalleled views of New York City. Empire Outlets grand opening is set for 2018.
Currently due to open in March next year, Kilroy Realty’s One Paseo development, designed by architects 5+ is located in the north of San Diego County. The project will be a mixed-use project that will provide a centre to the community that incorporates retail, office and residential things. The heart of the project is the civic plaza a generously sized informal space of seating, relaxation and dining that can be programmed for a variety of public activities from farmers’ markets to outdoor movies.
Real-estate brokers lined up recently at the old Crestwood mall site to get the first look at Walpert Properties’ new redevelopment plan for the site, which it’s calling “Crestwood City Center.” Walpert proposes a high-density mixed-use development similar to the boulevard-style development at “The Streets of St. Charles” that would combine 794,000sq ft of multi-family residential, office, retail, medical and entertainment uses around a main promenade, “Celebration Street,” with the plaza-like feel of a downtown square. With people living, working and dining there 24 hours a day and seven days a week, Walpert is advertising Crestwood City Center with the tagline “The center of it all.” The target date for completion of the offices is January 2020, whilst the preliminary plans outline a possible 161,000sq ft of retail space with 60,700sq ft of mixed-use retail at the street level, with residential above.
Being built on 400+ acres, Grandscape is virtually a city within the centre of the Dallas/Fort Worth market, an epicentre of growth, in the fourth largest metropolitan area in the US. The project is attracting the biggest, boldest and brightest names in retail, including Nebraska Furniture Mart of Texas, a retail powerhouse that by itself will attract a projected eight million shoppers a year. Scheels is a 300,000sq ft sporting goods and fashion retailer that will draw four million of their own visitors and Galaxy Theatres anchoring its entertainment district. The grand plans for Grandscape include more than just one-of-a-kind retail, the scheme will also include a resort hotel and spa, unique restaurants and an outdoor amphitheatre. From its perfect location in The Colony, Texas, with more than a mile of frontage on the Sam Rayburn Tollway (SH121) and three interchanges, it will be easy to see the grandeur of Grandscape when it is completed in 2020 by developer Nebraska Furniture Mart.
Macerich and Simon have formed a 50-50 joint venture to create Los Angeles Premium Outlets, planned to open in the fall of 2021. Los Angeles Premium Outlets will be located in Carson, California, in Los Angeles County. Macerich and Simon will co-develop and jointly lease the centre, which will open at 400,000sq ft, to be followed by an additional 166,000sq ft in the project’s second phase. The high-profile project will benefit from the region’s density of 2.5 million residents within 10 miles, and from its location some 12 miles from Los Angeles International Airport, the nation’s second-busiest, serving roughly 81 million passengers annually.
Currently under construction, Hudson Yards is the largest private real estate development in the history of the US, and the largest development in New York City since Rockefeller Center. The masterplan aims to expand the midtown Manhattan business district westward towards the Hudson River with residential space, office towers, retail outlets, collection of high-end restaurants, a new centre for artistic invention, and a luxury hotel with more than 200 rooms. The second phase of the urban development, west of 11th avenue, will include additional residential buildings, further green space, and a public school. Being developed by Related Companies and Oxford Properties, final completion on the project is set for 2025.
Asia & Australia
A joint development between CapitaLand & Suzhou Hengtai Holding Group Co. Ltd, Suzhou Center Mall’s entry as a one-stop retail and leisure powerhouse last November has augmented the cityscape in an unprecedented way, transforming the growing city’s retail and leisure scene. Suzhou Center Mall is the city’s retail “gateway” to the world. It offers something for everyone through the more than 600 brands it houses, where more than 300 of them are international labels, and at least 200 are new to Suzhou, promising to fast-track shoppers towards the mainstream retail their tier 1 city neighbours are already accustomed to. The mall is also nothing short of a food haven. Shoppers are spoilt for choice with close to 200 dining options, including renowned Suzhou restaurant Song He Lou – with its 250-year history and famed for serving a personal favourite of Qing dynasty emperor Qianlong when he visited Suzhou. Anchor tenants like Suzhou’s first CGV cinema and a counter strike gaming centre attract cinephiles and avid gamers alike – proving the mall’s versatility in catering to niche hobbies and lifestyle preferences.
CapitaMall LuOne, another project completed by CapitaLand in 2017, is located in Shanghai’s central Huangpu District at the bustling intersection of Xujiahui Road and Madang Road, directly connected to two subway lines to serve an immediate catchment of about one million middle- to high-income consumers. The integrated development comprises an 86,000sq m shopping mall and a 28-storey Grade-A office tower. Designed by star architect Moshe Safdie, CapitaMall LuOne is a green oasis in the heart of the city, embellished by fine architectural details such as dome skylights, outdoor gardens and waterscape feature walls.
In May this year, designers Benoy celebrated the opening of Changsha International Finance Square (IFS) by developer The Wharf Holdings. The prominent mixed-use development covers a total development area of more than one million square metres and is located along the Furong District’s West Jiefang Road in the core of the Central Business District. As a new retail landmark for Changsha, over 400 shops are featured throughout the retail podium which covers 230,000sq m. From entertainment to lifestyle, retail, culture and food and beverage, the offer creates a one-stop destination for visitors. The development will also play host to a changing array of exhibitions, cultural activities and festivals as it positions itself as a community hub for Changsha.
Developers Hong Kong Land & China Merchants Shekou Holdings and architects LWK & Partners back in June proudly launched the second phase of Landmark Riverside Park, Danzishi Old Street in Chongqing, a comprehensive coultural commercial experience that bridges the old and new, the oriental and western. Located in Chongqing’s Nanan District, overlooking Chongqing Grand Theatre and Chaotianmen Wharf, and on the waterfront between the Yangtze and Jialiang rivers, the retail precinct spans across a 21,500sq m site to form a kilometre-long street, and follows the concept of ‘one street; two docks; four courts and ten scenic attractions’.
The Oval Partnership has undertaken the masterplan and design of the first-of-its-kind cultural and creative park in Xian, the ancient imperial capital of China. Slated to complete and open in late 2018, and situated in the National Cultural Industry District along Yan Xiang Lu, the Qujiang Creative Circle will provide 527,000sq m of mixed-use space including office, retail, residential, entertainment, recreational and public amenities. The site is a discreet mix of the old and new and as such, the Qujiang Creative Circle will serve to bridge the past, present and future, nurture the spirit of creativity, and ultimately become a new destination for cultural and creative industry endeavors in Xi’an.
In Taiwan, Mitsui Fudosan Co. announced its plan to conduct the grand opening of Mitsui Outlet Park Taichung Port, central Taiwan’s largest outlet mall, on 12 December, 2018, with certain stores scheduled to open for business in late November 2018. The facility is situated in Taichung, the island’s second largest city, and will be the first full-scale retail facility in the country to be developed in a port area. Development plans for the area raise expectations of further developments, including the planned construction of an adjacent yacht club and a shuttle bus route around tourist sites in the port area.
Located on the historic Chaotianmen, the crown jewel of China’s Chongqing city, Raffles City Chongqing comprises a retail podium underneath eight skyscrapers for residential, office, serviced apartment and hotel use with a total construction floor area of 1.12 million square metres. Boasting excellent connectivity, Raffles City Chongqing is integrated with a transport hub comprising a metro station, bus interchange and ferry terminal. It is designed by worldrenown architect Moshe Safdie, who drew inspiration from the region’s thousand years of waterway transportation culture to create an image of powerful sails set upon the river. A distinctive feature is the 250m – high skybridge that houses a rich array of amenities, including a viewing gallery, sky gardens, an infinity pool and restaurants. The 235,000sq m retail podium will offer a myriad of fashion, dining, lifestyle and entertainment options catering to shoppers’ diverse needs. Developer CapitaLand’s CapitaStar loyalty programme will offer shoppers at Raffles City Chongqing innovative value-added services such as augmented reality interaction and navigation, mobile payment, restaurant booking, online shopping and self-service storage. To ensure great connectivity for shoppers, 5G, Wi-Fi and Beacon will be made available. The project is due to open next year.
A new paradigm for live-work-play in Singapore’s city centre, Funan by developers CapitaLand will offer a synergistic combination of modern retail, co-working and co-living components designed to appeal to tech- and socially-savvy consumers within its 46,000sq m space and more than 200 stores. Positioned at the cutting edge of smart shopping technology, Funan will offer the CBD’s first 24-hour drive-through click-and-collect and hands-free shopping service. Sustainability features abound and Funan will be Singapore’s first commercial building to allow cycling through the building with a large area set aside for urban farming. Opening in 2019, Funan aims to be a platform to inspire retail innovation with a strong focus on enabling consumers to enjoy a myriad of experiences in line with their interests. As a home for creative talents, Funan’s committed tenants include W!ld Rice, Singapore’s leading professional theatre company that will operate a 360-seat theatre; Carrie K and Keepers, a collective of Singapore designers; and consumer electronics stores operated by well-established local players Newstead Technologies, AddOn Systems and T K Foto. Anchor tenants include Golden Village cinema, Climb Central rock climbing facility and Kopitiam foodcourt.
Jewel Changi Airport is envisaged as a world class lifestyle destination. Designed by a consortium led by Moshe Safdie, the iconic architecture comprises a lush indoor environment underneath a distinctive dome-shape façade made of glass and steel. This integrated development will comprise a shopping mall, attractions, facilities for airport operations and a hotel covering a total gross floor area of 137,000sq m. Jewel Changi Airport provides an excellent opportunity for retailers to showcase their brands to a global audience in the world’s fastest-growing region. Opening in 2019 from developers Changi Airport Group and CapitaLand, it will provide visitors with an exciting array of about 280 retail and dining brands including new-to-Singapore concepts, top international brands and home-grown names across 90,000sq m of retail space. Landscaping will occupy another 22,000sq m and centerpiece attractions include the Forest Valley, a five-storey garden and the Rain Vortex, expected to be the world’s tallest indoor waterfall standing at 40m.
Meanwhile in Australia a new era has just begun, as last month saw the Westfield Coomera shopping centre open to the residents of Coomera in the city Gold Coast. The new lifestyle destination delivers everything needed for a modern life include a mix of favourite majors – Woolworths, Coles, Kmart, Target, Event Cinemas – and approximately 140 specialty stores. It features casual dining and entertainment offers, a curated selection of fashion and lifestyle stores, a market-style fresh food precinct, and welcoming spaces designed to bring the community together. With investment of $470M, Westfield Coomera will be a place to exceed expectations and celebrate life’s aspirations. The centre by developers Westfield delivers a new experience for the community, creating a benchmark retail, dining and lifestyle destination that will transform the northern Gold Coast.
Middle East
Opened earlier this year in Abu Dhabi by developer Miral Asset Management, Warner Bros. World Abu Dhabi spreads over 1.65 million square feet and delivers incredible experiences to guests, bringing together some of the world’s most iconic characters and stores under one roof for the first time in the region. The newly opened scheme features almost 30 rides, interactive family-friendly attractions and unique live entertainment, as well as a wide variety of themed dining and shopping outlets.
Delivering 2.8 million square feet of retail (2 million square feet of leasable space) Reem Mall will comprise around 450 stores, including 85 F&B outlets and a range of family-focused entertainment offerings. Positioned on Reem Island – right in the heart of new Abu Dhabi – the mall will offer easy access along with ample parking with 6,800 vehicle spaces. The AED 4bn project is being developed by The National Real Estate Company (NREC) and United Projects for Aviation Services Company (UPAC) and is set for completion in 2020.
Developed by Mabanee, The Avenues – Bahrain is the first shopping & Leisure destination of its kind in the Kingdom of Bahrain, with a unique seafront location stretching 1.5km. Strategically located in the heart of Manama, along King Faisal Road, the project’s leasing space is around 40,000sq m and includes 130 stores, 50 per cent of which are allocated for restaurants and cafes which overlook Bahrain Bay. It also includes a large family entertainment area, 10-screen cinema, public parks, walkways and parking spaces.
The Mall of Dilmunia represents a balanced modernistic and futuristic architecture which creates an exciting family oriented universe within it. It includes retailers from across the MENA region that are yet to enter the Bahraini market, it aims to provide a quality entertainment, leisure and retail destination, which adds value to the Island’s tenants and guests. The total built-up area of the project is 125,000sq m with a gross lettable area of 47,300sq m. The benchmark project from Dilmunia Mall Development Company is expected to open in 2019.
With over 350 stores covering 1,125,000 square feet and opening in the final quarter of this year, Cityland Mall by developer Cityland Group, is the ideal combination of convenience and shopping, with a retail mix showcasing its versatility and a single-level, circular design that allows for continuous customer flow. With an extensive selection of fashion and non-fashion brands from around the world, Dubailand’s largest hypermarket, trendy home furnishing stores, popular electronics and cosmetic outlets, as well as personal and banking services, the Mall’s main shopping areas are strategically segregated by category to maximize customer convenience. With a 10-12-screen cinema experience and a unique family entertainment concept, along with global cuisine options surrounding the central garden, Cityland Mall is built to entertain.
The 621,733sq m Meydan One Mall project by developers Meydan Group will be a mall like none before when it opens in 2020. Customers will enjoy the best brands from around the world including new to the region exclusive lines. High-end luxury brands will have a designated shopping strip at the 1,315 square foot long Central Canyon, providing breath-taking views of the canal and the dancing fountain in the north end, and Crystal Lagoon in the south end. With wonderful extra-large displays highlighting cutting edge haute couture, the strip will be the trendiest place to shop. Over a hundred different restaurants, cafés and kiosks will be specially selected from around the world to tantalise taste buds. Guests can dine while enjoying the largest dancing water fountain in the world. Moreover, the 13,200sq m hypermarket will give customers the opportunity to take delicious feasts home. In the cooler season, customers can enjoy it all alfresco style too, with the innovative 60 by 400m retractable skylight.
Dubai Holding and Emaar Properties have announced the launch of Dubai Square, a new retail metropolis that pushes the boundaries of modern retail and leisure in Dubai Creek Harbour by drawing on next-generation technology. The all-new Dubai Square is designed for the new era of customers, digital, connected, and tech-savvy, and setting a benchmark for retail experiences in the 21st century. Situated in the heart of Dubai Creek Harbour, the 6-square-kilometer mega-development is only 10 minutes from the Dubai International Airport and in its totality – represents a 2.6-million square metre retail, hospitality, and residential district for the future. With over 7.3 million square metres of residential space, nearly 940,000sq m of retail precincts, 300,000sq m of commercial space, over 66,000sq m of cultural space, 700,000sq m of parks and open spaces, and 24 hotels with 5,800 rooms, Dubai Creek Harbour will serve as a strong economic catalyst for the Emirate.
Al Araimi Boulevard, a venture of the Al Raid group, one of the leading pioneers in developing futuristic shopping malls and leisure destinations in Oman will open this year. This one-of-a-kind mall will combine cutting edge technology, design and emerging concepts, to create a world-class, state-of-the-art facility. With 70,500sq m of space, Al Araimi Boulevard is set to accommodate fashion stores of all kinds offering something for everyone-trendy, ubercool and everything in between. The entertainment options at this mall will be on another level, with its cine screens, a unique interactive wall and mesmerizing kinetic lighting displays.
The Sharjah Investment and Development Authority (Shurooq) and master developer Nakheel have signed a joint venture that will bring a new community retail centre to Sharjah. The project – Nakheel’s first outside its home emirate of Dubai – has an estimated development value of AED75M. Design work is underway, with details about the new project to be unveiled by the end of this year.
Shurooq has also signed deals with Kuwati construction firm Mabanee to develop a 65,000sq m real estate project along the lines of Mabanee’s ‘Avenues’ projects that will transform Mughaider into a premium tourist and leisure destination, and a deal with Eagle Hills called ‘Eagle Hills Sharjah Development’, that will see the launch of three ground-braking real estate projects at a total cost of AED2.7bn. Majid Al Futtaim has also this year extended the City Centre Sharjah shopping mall, taking the available space from 37,728sq m of gross leasable area to 51,428sq m.
Iran Mall, situated in Tehran by developers Iran Mall Commercial Company, with more than half a million square meters of retail floor space, is aiming to be Iran’s best shopping destination. The 1,950,000sq m project comprises approximately 500,000sq m GLA of retail and some 40,000sq m of catering space, with additional restaurants located inside the separate leisure building. Iran Mall’s tenant mix will include both international and domestic top brands, accompanied by innovative pop-up stores and showroom concepts it will create an ever-changing shopping environment.
Opened in the first quarter of this year by developer Tamdeen Group, Al Kout is Kuwait’s largest waterfront retail and leisure destination and offers world-class retail, lifestyle, dining, entertainment and leisure experiences in one truly great destination. It will include six great experiences; Al Kout Mall, Souq Al Kout, Al Kout Rotana Hotel, Al Kout Marina, Al Kout Fisherman’s Wharf and the Al Kout Seaside Promenade. An eclectic mix of international brands, restaurant precinct with panoramic sea views, roof top entertainment facility, performing fountains, indoor-outdoor experiences, dedicated parking and more will make Al Kout a key retail and leisure destination for Kuwait and its neighboring countries.
Lusail City is Qatari Diar’s flagship project. More than just another development, it is a sustainable and comprehensively planned city signifying Qatar’s progress on a grand scale. Created by Lusail Real Estate Development Company on behalf of Qatari Diar, Lusail City is the largest single development to be undertaken in the State of Qatar. It also embodies Qatar’s National Vision 2030 in the field of real estate development.
More than 200,000 residents will live in Lusail’s scenic surroundings, with 170,000 people expected to work in the city’s different districts, and 80,000 expected to visit its entertainment and recreation facilities. Lusail City’s 19 districts will encompass not only new residential, commercial, hospitality, and retail opportunities, but a full array of community needs, complete with schools, mosques, medical facilities, sport, entertainment and shopping centers. Those unique districts include: a dedicated entertainment city and the energy city, new financial district – towers designed by world renowned Foster and Partners, exceptional residential islands, 2 golf courses with residential community, serene beaches and marinas for berthing more than 1,800 boats and luxury yachts and many other unique features.
Mall of Saudi, by developer Majid Al Futtaim and on course for completion is 2022, is an extensive superregional shopping development located in Riyadh. It includes the construction of a mall on an 866,500sq m site which will include a 26,000sq m indoor snow park and 300,000sq m of shops, restaurants and entertainment areas. The first phase of the mall, located in the north of Saudi will include the opening of the mall, ski slope, a hotel and a serviced apartment building, as well as other general infrastructure. Future phases will include the development of the residential, office, medical centre and hotel plots.
