Page 71 - RLI November 2019

MAPIC INSIGHT

The Evolution of Retail Bosnia & Herzegovina CYPrus

In Delta Real Estate, a Delta Holding member company,
The Neo Plaza Outlet Village is set to open in Nicosia,
celebrated the official opening of the Delta Planet mall in
Cyprus, will be a premium commercial centre built
Banja Luka, Bosnia and Herzegovina back in March. Delta Cyprus in 2020. The Neo Plaza, the first of its kind in
MAPIC is the key international retail real estate event for property players and Planet Banja Luka represents an investment of 70 million very close to the industrial area in Kokkinotrimithia.
cities to build the ultimate lifestyle and shopping destinations. This year the event euros that has generated 2,000 new jobs since it opened, It is expected to host 45-50 retail unites with six food
and beverage locations on a 35,000sq m land area. The
whilst during the construction phase the project employed
celebrates its 25th anniversary with a blockbuster event at the Palais des Festivals in 752 people. Spreading across 62,500sq m, the centre houses robust and diversified international brand tenant mix
will be arranged in a village-like layout in the form of
an array of international and local brands, including the first
Cannes on the 13-15 November. H&M store in Bosnia and Herzegovina. Other well-known retail huts. The village will follow a unique and seamless
tenants include Sport Vision, Levi’s, dm drogerie markt, New architecture character, and will comprise of a complete
Yorker, Lacoste, LC Waikiki, Modiana, XYZ, Orsay, Replay, CM masterplan designed by top architects. The Village through
B ringing together over 8,500 participants, including 2,000 retailers and 750 exhibitors from 80 countries, the 2019 the complex is also home to the largest cinema in the region, shopping experience addressed to the whole family. The
the plethora of facilities will offer a complete and unique
and many others. Apart from a large number of new shops,
edition of MAPIC is set to be a monumental event as it hosts 35 conference sessions discussing the current trends
with an area of 1,500sq m and six movie theatres, as well as
project aims at becoming an all-day family destination.
a supermarket, food court and 1,000 parking spaces.
in the industry and just what exactly the future holds for an industry undergoing seismic change.
Entertainment for children is a centrepiece, including
Ahead of the event, RLI takes a look at the projects that are on show during the event; along with a selection
of schemes that have either recently completed or are currently under construction in markets across the globe. Bulgaria playgrounds, a carousel and water features. The developer
is Neo Plaza LTD.
Also opened by developers Delta Real Estate in March was
the Delta Planet mall in Varna, Bulgaria. It opened as the largest estonia
GLOBAL PROJECTS: new shopping centre in Bulgaria with a built-up area of over The Ülemiste shopping centre has reopened after
120,000sq m, of which 40,000sq m is commercial space. Delta extension work was completed by Linstow Center
EUROPE Planet mall has been designed to incorporate the modern Management adding 13,000sq m to the centre in an
concept of retailing - a precisely balanced mix between investment of €36M. The centre now has an area of
Belgium shopping, entertainment and leisure. The centre provides Varna 125,000sq m. The country’s largest mall is anchored by an
Val Saint Lambert Free Time Park in Seraing is a mixed-use composition of Val Saint Lambert. And, as carbon footprint and its guests with more than 4,000sq m of entertainment Apollo cinema with six screens. The centre also includes
project with a shopping centre that mixes 8,000sq m of and energy costs are now a major issue for developments area, which houses the largest cinema outside Sofia - with 12 an O’Learys entertainment centre with a bowling alley,
pop-up stores, 3,500sq m of designer outlets and 3,000sq m the project, in which commercial uses are combined with cinema screens, and the only 4DX hall in Varna. More than 140 a trampoline park, a Vapiano restaurant, a Pet City pet
of F&B amongst a total of 42,000sq m of retail comprising 450 new houses and apartments, will have an energy plant stores form the shopping area of the modern shopping and shop with an in store veterinary clinic, a grooming
145 stores and 19,000sq m of indoor leisure space. There that serves the whole site. The project, being presented at leisure centre. The international brands Reserved and Mohito centre and a pet hotel. This is the third extension of
will also be an indoor and outdoor leisure park, a hotel, as MAPIC by Immobilière du Saint Lambert, Val Saint Lambert opened with their latest and greatest concepts in Bulgaria. For the centre and the design was by AMB International and
well as event and seminar spaces, public squares, and an Invest is expected to open in 2022 with a projection of five the first time, Starbucks and Costa opened within a downtown Novarc Group, while Joonprojekt was responsible for
amusement park. Each function is of equal importance in the million visitors a year mall and the launch of the mall also included a Domino’s Pizza. the interior design.
EdINburGH ST JAMES
Edinburgh, Scotland
developer: Nuveen real Estate