The Evolution of Retail
MAPIC is the key international retail real estate event for property players and cities to build the ultimate lifestyle and shopping destinations. This year the event celebrates its 25th anniversary with a blockbuster event at the Palais des Festivals in Cannes on the 13-15 November.
Bringing together over 8,500 participants, including 2,000 retailers and 750 exhibitors from 80 countries, the 2019 edition of MAPIC is set to be a monumental event as it hosts 35 conference sessions discussing the current trends in the industry and just what exactly the future holds for an industry undergoing seismic change. 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.
Global Projects: Europe
Val Saint Lambert Free Time Park in Seraing is a mixed-use project with a shopping centre that mixes 8,000sq m of pop-up stores, 3,500sq m of designer outlets and 3,000sq m of F&B amongst a total of 42,000sq m of retail comprising 145 stores and 19,000sq m of indoor leisure space. There will also be an indoor and outdoor leisure park, a hotel, as well as event and seminar spaces, public squares, and an amusement park. Each function is of equal importance in the composition of Val Saint Lambert. And, as carbon footprint and energy costs are now a major issue for developments the project, in which commercial uses are combined with 450 new houses and apartments, will have an energy plant that serves the whole site. The project, being presented at MAPIC by Immobilière du Saint Lambert, Val Saint Lambert Invest is expected to open in 2022 with a projection of five million visitors a year.
BOSNIA & HERZEGOVINA
In Delta Real Estate, a Delta Holding member company, celebrated the official opening of the Delta Planet mall in Banja Luka, Bosnia and Herzegovina back in March. Delta Planet Banja Luka represents an investment of 70 million euros that has generated 2,000 new jobs since it opened, whilst during the construction phase the project employed 752 people. Spreading across 62,500sq m, the centre houses an array of international and local brands, including the first H&M store in Bosnia and Herzegovina. Other well-known tenants include Sport Vision, Levi’s, dm drogerie markt, New Yorker, Lacoste, LC Waikiki, Modiana, XYZ, Orsay, Replay, CM and many others. Apart from a large number of new shops, the complex is also home to the largest cinema in the region, with an area of 1,500sq m and six movie theatres, as well as a supermarket, food court and 1,000 parking spaces.
Also opened by developers Delta Real Estate in March was the Delta Planet mall in Varna, Bulgaria. It opened as the largest new shopping centre in Bulgaria with a built-up area of over 120,000sq m, of which 40,000sq m is commercial space. Delta Planet mall has been designed to incorporate the modern concept of retailing – a precisely balanced mix between shopping, entertainment and leisure. The centre provides Varna and its guests with more than 4,000sq m of entertainment area, which houses the largest cinema outside Sofia – with 12 cinema screens, and the only 4DX hall in Varna. More than 140 stores form the shopping area of the modern shopping and leisure centre. The international brands Reserved and Mohito opened with their latest and greatest concepts in Bulgaria. For the first time, Starbucks and Costa opened within a downtown mall and the launch of the mall also included a Domino’s Pizza.
The Neo Plaza Outlet Village is set to open in Nicosia, Cyprus in 2020. The Neo Plaza, the first of its kind in Cyprus, will be a premium commercial centre built very close to the industrial area in Kokkinotrimithia. It is expected to host 45-50 retail unites with six food and beverage locations on a 35,000sq m land area. The robust and diversified international brand tenant mix will be arranged in a village-like layout in the form of retail huts. The village will follow a unique and seamless architecture character, and will comprise of a complete masterplan designed by top architects. The Village through the plethora of facilities will offer a complete and unique shopping experience addressed to the whole family. The project aims at becoming an all-day family destination. Enter tainment for children is a centrepiece, including playgrounds, a carousel and water features. The developer is Neo Plaza LTD.
The Ülemiste shopping centre has reopened after extension work was completed by Linstow Center Management adding 13,000sq m to the centre in an investment of €36M. The centre now has an area of 125,000sq m. The country’s largest mall is anchored by an Apollo cinema with six screens. The centre also includes an O’Learys enter tainment centre with a bowling alley, a trampoline park, a Vapiano restaurant, a Pet City pet shop with an in store veterinary clinic, a grooming centre and a pet hotel. This is the third extension of the centre and the design was by AMB International and Novarc Group, while Joonprojekt was responsible for the interior design.
France Outlet developer McArthurGlen has celebrated the start of construction on the first and luxury designer outlet west of Paris. Opening in 2021, the Normandy centre is located just 45 minutes from the Arc de Triomphe. The €200M designer outlet will become a leading shopping destination for the region to the west of Paris and it is expected to attract two and a half million visitors when it opens in 2021.
The 20,000sq m centre will feature 100 carefully curated stores offering shoppers year-round savings between 30 per cent and 70 per cent, a selection of restaurants and cafes, an elegant luxury piazza and 1,200 parking spaces. A unique artisan village will be created to showcase and celebrate art, local craftsmanship and culture. The centre will be built to conform to the highest environmental green building specifications, and an ‘Excellent’ HQE (High Environmental Quality) certificate.
Developer Hammerson is leading the transformation of a large shopping centre on the outskirts of Paris: Les Trois Fontaines. The Cergy-le-Haut shopping centre will offer 100,000sq m of retail space by the end of 2021, compared to the 64,000sq m currently on offer. With 150 shops today, the shopping centre will add 72 complementary cells via a massive extension taking the place of the car parks. The scheme is part of the major local project that is the redevelopment of Cergy’s city centre.
A modernisation of the agglomeration core will see the increase of the number of inhabitants from 5,000 to 10,000, and jobs from 10,000 to 13,000. Initially as part of the general rise of “Food & Beverage” in commercial spaces, Hammerson will inaugurate in the spring of 2020 a food hall of 3,500sq m, bringing together in one place 14 restaurants. Already mentioned are Vapiano, Big Fernand, Olivium, Fresh Burritos, Waffle Factory and McDonald’s. Due to open in 2023, the Bordeaux Saint-Jean project aims to create a new urban ideal in the strategically important district of Saint-Jean.
Bordeaux Saint-Jean is an 88,000sq m project that was initiated by Apsys in collaboration with public development agency Bordeaux Euratlantique (EPABE). Designed by Maison Edouard François, the project will provide 110 retail units with a total GLA of 55,000sq m and feature 40 food and beverage brands within architecture rooted in urban haute couture. The project links the train station and the Garonne river creating a line either side of which is a new urban ecosystem composed of several blocks which are small in scale, sustainable and integrated with the city. Bordeaux Saint-Jean brings together living, working, sharing, shopping and anticipates new urban uses, mobile working, hyperconnectivity and the search for shared life experiences. It will be a place where people meet, share and intermingle.
Germany After four years of construction, the EVER.S shopping centre opened its doors in July. The 14,300sq m floor area in Munich-Allach was developed by MOEG GmbH. MEC METRO-ECE Centermanagement GmbH & Co. KG took over the property management from 1 October onwards. The 32 tenants have moved into the 11,500sq m usable area of the shopping centre.
The anchor tenants of EVER.S are the grocery store Edeka and the drugstore chain Rossmann. Together with retailers such as Ernsting`s family, Kern shoes, Apollo Optik, toys Krömer as well as catering offers (Bakery Wünsche, Little Tokio, Lekkerwerk, etc.) and services such as cleaning, pharmacy, hairdresser, shoe and locksmiths they form a balanced mix of industries, In the head building of the EVER.S are the rooms of the Munich adult education centre and the old people and service centre as well as the offices of the BKK. ECE and Brookfield Properties Germany’s repositioning and modernisation of the three-storey Potsdamer Platz Shopping Arkaden in Berlin will be completed in 2021 and will create six different themed areas with a modern architectural design.
Beneath the centre’s glazed roof, retail units will have two- and three-storey facades and there will be a market hall with a range of dining options. The tenant and retail mix will include new concepts and premium retailers. The refurbishment begins this year. Potsdamer Platz Arkaden is in the heart of the German capital and is the destination of approximately ten million national and international visitors per annum. The total space on-site will be 40,000sq m, feature 90 stores, parking for 1,430 vehicles and accommodate 32,000 visitors a day.
Hines, the international real estate firm, has entered into a joint venture with the National Bank of Greece (NBG) to redevelop Athens Heart Mall into a 22,000sq m premium outlet mall. The scheme, which will be renamed Gazi Outlets, will feature a new cinema and undergo a comprehensive refurbishment to become a prime outlet destination with a strong leisure and food & beverage offering. The redevelopment will be completed by early 2021, with anchor tenants already in place. Located in Athens’ dynamic Gazi district, the mall is just 2km from the Acropolis and a 10-minute drive from the city centre. The site is also positioned on the main thoroughfare between Athens’ tourism centre and Europe’s largest passenger port, Piraeus, which handles 17 million passengers a year.
IGD’s development of Livorno’s Porta a Mare Officine Storiche will utilise and rejuvenate historic dockyard buildings in the city’s harbour area. The development has been designed as an extension of the city centre and will serve both local people and the many tourists who land at Livorno’s port. The concept of this project is the combination of recreational and sports activities with a classic commercial retail offer. The centre will provide a range of retail and F&B opportunities. It was important that the design of the scheme preserved the original space and restores the structure of the historic buildings. The designs envisage a covered urban square which overlooks the waterfront. The glazed frontage of the buildings reveals their structure while allowing large amounts of natural light to permeate the commercial areas while providing a high degree of thermal insulation. The 15,600sq m project will feature 30 stores, 11 F&B brands, a leisure area and fitness centre and be opened next year.
On 5 September, after two years of construction the new enlarged Alfa shopping centre in Riga, Latvia opened its doors to the public and welcomed 135,000 visitors in the first days after the opening. Works on the Alfa extension started in September 2017 and involved the construction of a multi-storey car park, increasing the total number of parking spaces to 1,750, and a three-storey retail building. The number of tenants increased to 210 from the current 170. The extension also included the addition of bike parking facilities and a major landscaping upgrade. The area around the centre has been spruced up, adding 177 new trees, while the outdoor car park along Brivibas Street has been replaced with a park. Zara Home opened its first Latvian store in the Alfa shopping centre. Other new brands include Black Star Wear, BabyBack Ribs & BBQ, and the Kinetic Play entertainment area for children and youngsters.
Opened back in May was Luxembourg City’s newest shopping centre, Cloche d’Or has opened with a total of 130 shops and a food court – which is all based around an Auchan supermarket. The shop outlets are spread oWver two floors and include many international names, especially in terms of fashion. Shoppers can delight in brands like Arket, & Other Stories or Weekday, which the H&M group brought to Luxembourg for the first time. The mall occupies a total space of 75,000sq m, or 25,000sq m per level, with the Auchan supermarket taking up 12,850sq m of that surface area. Alongside the development of the mall, 220 flats are still under construction as well as an underground car park spanning four levels, providing parking for 2,850 vehicles – of which 250 will be reserved for people living in the residential blocks. The development has been built in a partnership between developer Promobe and Ceetrus – Auchan’s real estate arm.
Neinver and Nuveen Real Estate, the joint venture known as Neptune, is moving along with the development of Amsterdam The Style Outlets, the first outlet centre in the Greater Amsterdam area which is pencilled in for an autumn 2020 opening. Amsterdam The Style Outlets will bring some of the most recognised premium Dutch and international brands to the Randstad area, one of the wealthiest and most densely populated regions of Europe, benefiting from a catchment area of 12 million people within 90 minutes’ drive. The centre will feature 115 stores set across 19,000sq m of GLA, including 1,000sq m planned for leisure areas, restaurants with outdoor seating, and walkways and gardens, as well as 1,950 parking spaces. The opening of the centre will create around 600 direct jobs.
Westfield Mall of the Netherlands is the first Dutch development within the Unibail-Rodamco-Westfield portfolio. The centre’s 280 stores, restaurants and leisure outlets, which together cover 117,000sq m will also offer visitors a Fresh! food market, which is already open, a dining plaza, a Kinepolis cinema and a range of events and experiences. The Fresh! market stands at 2,500sq m and is a buy & eat food market combining the best local high-street concepts and vibrant activities around gastronomy. The market includes a collection of 10 kiosks and 24 shops. Westfield Mall of the Netherlands is located in the Randstad area, which is the economic heart of the country and includes the four largest cities: Amsterdam, The Hague, Rotterdam and Utrecht. The area is home to 6.8m inhabitants which is 40 per cent of the Dutch population. It also attracts the majority of the 15 million tourists that visit The Netherlands each year.
Galeria Mlociny, one of the biggest shopping and entertainment venues in Warsaw, opened its doors on 23 May and it comprises 82,000sq m of GLA with 76,000sq m allocated to retail and F&B, and 6,000sq m used for office space. The centre features over 200 shops and 36 restaurants, 10 screen multiplex cinema with comfortable, recliner seating, a 200sq m stage/event area, a green terrace area, and a parking facility for 2,000 vehicles. The project was designed by Kurylowicz & Associates and Chapman Taylor, whilst the site was developed by Echo Investment. The shopping centre is being built in close proximity to the Mlociny transport hub – one of the best transit locations in Warsaw, with direct access to the underground, numerous trams, city, local and national bus lines, a bicycle station and a P&R car park.
Re-opening this year in Warsaw city centre in one of the most popular districts is the Elektrownia Powiśle project, a 54,000sq m mixed-used lifestyle regeneration scheme. Centred around a former power station on the banks of the Vistula river, the architecturally-appealing development owned by White Star Real Estate and a Tristan fund features the refurbishment of the power station site with much of the original character and many building features retained. The development includes 18,000sq m of retail, restaurants, bars and cafes with over 100 units and the first beauty hall in Poland with a wide range of beauty and skincare treatments, hairdressing and more, aimed at both men and women.
The development also includes a Fresh Food Market, plus daily events throughout the year, including open festivals, concerts and movies. Towarowa 22 will be the largest mixed-use project in the centre of Warsaw and is being developed on a site of 6.5ha in Wola, which is the fastest growing area of the city. Designed by the architects BIG (Bjarke Ingels Group), Towarowa 22 complements the restoration of the pedestrian streets of historic Warsaw with a mix of apartments, shops, workplaces and cafes, at the heart of which will be a public park. Developed and owned by EPP and Echo Investment, Towarowa 22 will also be a cultural centre with the inclusion of a theatre as well as Poland’s only festival cinema, designed for movie premieres and to accommodate other major cultural events.
REPUBLIC OF IRELAND
Plans are in place to re-establish O’Connell Street as Dublin’s pre-eminent street and the unique character and vibrancy of Moore Street will also be restored, under new masterplan proposals for a new urban quarter in the north inner city by UK property group and developers Hammerson. Plans for the €1.25bn Dublin Central shopping complex have been scraped, and new permission is being sought for an open plan retail, office, hotel and residential development on a site which stretches from O’Connell Street and Moore Street, to Henry Street and Parnell Street. International architect Acme has produced designs that envisage the restoration of historic street patterns, building lines and scale with 2,000sq m of residential, 23,500sq m of retail, 31,500sq m of office space and a 4,700sq m hotel.
Located at the heart of Ireland’s largest sustainable urban centre development, Cherrywood Town Centre will be developed as a retail-led streets-and-squares precinct that balances a mix of uses, convenience, place, community and social connections, day and night. Cherrywood, the urban development that surrounds the retail scheme, will eventually comprise more than 9,500 new homes with a future population of over 25,000 people, four light rail stations, six new schools and three new parks equivalent to the size of 91 football pitches, an active public realm, and abundant nextgeneration workspace.
The retail project lies at the centre of Ireland’s most affluent catchment area, which is well connected by road, rail and other public transport. Cherrywood Town Centre will be developed to meet the evolving preferences of retail customers and the broader community, which will be reflected in the retail mix, amenities and services and its emphasis on customers, experience, and social connections. The retail space will encompass 58,800sq m, over 100 stores and 30 food & beverage brands and is under development by Hines with an opening planned in 2022.
Opened in the country at the end of August by Romanian real estate developer Iulius Group was the extension of Iulius Mall Timisoara, part of the joint project Iulius Town being developed in partnership by Iulius Group and Atterbury. Thus, Iulius Mall will become the largest modern retail project in Romania and will have a rentable area of over 100,000sq m. Part of this extension has already been inaugurated, the Inditex group taking over spaces with an area of about 8,000sq m in a new wing of the mall. Iulius Town is the first mixed-use project developed in the west of Romania and the second in the Iulius Group’s portfolio after Palas Iasi. The project aims to draw clients from the whole Banat region as well as from neighbouring countries, Serbia and Hungary. Located in downtown Timișoara, Iulius Town is the greatest real estate project to open in Romania this year. The project has set several records: the largest retail area outside of Bucharest (120,000sq m, 450 stores) and the largest offer of class A office premises in the region (more than 100,000sq m).
The largest new project to be delivered this year is the Festival Centrum in Sibiu, a commercial centre developed by NEPI Rockcastle, which will have a rentable area of 42,200sq m when it completes and opens in the middle of this month. The Sibiu Festival will feature the first Kaufland hypermarket in a mall and have a total of 160 commercial spaces. Brands that will open a store at Festival Centrum include Zara, Bershka, Stradivarius, Pull & Bear, H&M, Sephora and Kaufland. Nepi Group is working on what is said to be the most beautiful Mall in its portfolio.
When it is ready, it will look like an American mall from the 50’s – 60’s. In the second half of this year, construction started on Liebrecht & wooD Group’s second outlet centre in Romania, the FASHION HOUSE Outlet Village Cernia has a completion date of 2020 and will offer 12,590sq m of space for 62 stores, children’s playroom, restaurant zone and 320 parking spaces. The outlet will be built in the eastern part of Bucharest, close to the A2 highway, which is an access road to the Black Sea. In summer, the highway becomes one of the most-frequented roads in Romania. The range of the outlet will cover three and a half million customers. The project will feature an open-air gallery, introducing a new design featuring Bucharest’s Belle Époque architecture with narrow and bohemian streets for customers to enjoy shopping and natural sunlight. The project will have two development stages. In the first stage, Group will deliver 41 stores and the second phase will offer another 21 stores.
Opened earlier this year, SEC “Salaris” is a modern and convenient space for shopping and recreation, which has become a new point of attraction on the map of Moscow. On an area of 310,000sq m are located 290 stores of famous and beloved brands, 25 restaurants, an innovative cinema, a fitness class comfort club, beauty salons and other services that make your life more comfortable. Salaris is not just a shopping centre, but a place for inspiration, communication and emotional renewal. The project was designed by 5+ design and developed by Essence Development. Located on the outskirts of the second largest city in Russia, FASHION HOUSE Outlet Center St Petersburg is set to delight customers with its unique architectural concept, embracing the city’s cultural heritage, the new “Window to Europe” interior design and an interesting mix of brands. The construction of the outlet centre in St. Petersburg began in October last year and in total will cost €52M. The centre is being built in the dynamically developing southern part of the city, 15 minutes by car from the Pulkovo airport and the Gorelovo railway station. FASHION HOUSE Outlet Center St. Petersburg will have a catchment of over five million customers. The project, with a lease area of 20,330sq m will offer its clients 120 stores of the world’s largest and local brands available all year round for 30 per cent to 70 per cent less than original prices. The opening of the centre is planned for the fourth quarter of 2019 and is being developed by the FASHION HOUSE Group, part of Liebrecht & wooD Group.
Ada Mall, opened back in May in Belgrade, is a new and unique shopping centre concept that was developed by GTC Serbia, part of the GTC International Group and designed by Design International. The complex brings together a broad selection of established and newcomer brands, world-class entertainment and innovative gastronomy concepts. The new concept is a € 105M investment that has provided a significant increase in the supply of modern retail space in Belgrade. Ada Mall is located on Radnička Street, opposite from the popular recreational zone Ada Ciganlija. The nextgeneration shopping centre comprises of 34,000sq m of retail space and extends over five levels.
The project introduced a new wave of international retailers expanding in Serbia. The shopping centre is home to various newcomer brands including The Body Shop, Piazza Italia, Kiehl’s and Lee Cooper. It is also home to the first CineStar cinema in Belgrade, which opened a couple of months in July. MPC Properties, one of Serbia’s largest real estate development companies, is investing more than €110M in the construction of a new retail development in Belgrade, BEO Shopping Center.
The new shopping centre is under construction on the corner of Vojislava Ilića and Mis Irbijeve streets, and is set to open in spring 2020. Its development will bring forth a brand new shopping experience in a residential area with more than 350,000 inhabitants within 15 minutes’ drive. BEO Shopping Center will comprise of 44,000sq m of GLA across three levels. More than 150 renowned brands will open stores in the mall, increasing the quality of shopping in Belgrade with their offers. A carefully selected tenant mix will include famous international and local brands, as well as a food court with a rich selection of gastronomy outlets. The shopping center will also provide a garage with 1,250 parking spaces.
Eurovea is a business, retail and residential complex in Bratislava, Slovakia, located in the Pribinova Zone at the border of Old Town and the borough or Ružinov, between the Old Bridge and the Apollo Bridge, bordered by Pribinova street from the nor th and the river Danube from the south. Eurovea connects the Bratislava Riverfront with the city center and offers stores and leisure time facilities while housing businesses, apar tments and a Sheraton hotel. The shopping centre features over 200 stores including 39 F&B options. The complex includes two main buildings which are divided by a small public square. This square with a fountain overlooking the Danube river contains a statue of Milan Rastislav Stefanik, one of the key historical figures of Slovakia. The second phase of the overall scheme is currently under construction and is due to open in 2022, increasing the retail por tion of the project by 25,000sq m.
The Madrid Open Sky shopping centre, being developed by the Compagnie de Phalsbourg and with an investment to date of 157 million euros, has delayed its opening until April 2020. The commercial complex will be located in Torrejón de Ardoz and will be the largest in the Community of Madrid, with an area of 90,000sq m and have a futuristic design inspired by the city of Dubai. 75 per cent of its space has already been commercialised and in total it will have 114 stores and 32 restaurants. In addition to the commercial space, the centre will feature leisure components including swimming pools and a karting area.
The opening of Open Sky, although delayed until the spring of 2020, was scheduled for the fall of this year. The shopping centre will generate about 1,000 jobs, of which 500 will be occupied by persons registered in Torrejón de Ardoz, following an agreement of the Compagnie de Phalsbourg with the City Council. Neptune, a joint venture between Neinver and Nuveen Real Estate, will invest over €10M in its two largest centres in Spain: Getafe The Style Outlets and San Sebastián de los Reyes The Style Outlets. San Sebastián de los Reyes The Style Outlets, the largest outlet centre in Spain, which receives over five million visits every year, will add more than 2,000sq m of GLA for a dozen new brands, and will also enlarge some of the current stores. Works at the centre have already started and are scheduled to be completed in January 2020. Meanwhile Getafe The Style Outlets, currently celebrating its 20th anniversary, will add over 20 new units and enlarge the stores of some top brands operating at the centre.
Refurbishment works will be conducted in two phases and are expected to be completed in June next year. Plans for intu Costa del Sol combine the best in retail with more than 20 different leisure activities, two hotels, a complete range of F&B options, a beach club and a 5,000-person concert venue. The project will comprise eight neighbourhoods which will be curated to provide unique experiences and something for everyone. Entailing an investment of €800M the project’s design will create a centre which is highly inclusive with a high standard of sustainability. The centre will incorporate the latest technological advances in energy efficiency, water use and sustainable construction. The shopping resort will meet, and where possible exceed, all the requirements of ISO 14001 and IS0 50001, and other internationally recognised standards such as BREEAM. Scheduled to open in 2023 and being developed by intu and Eurofund, the site will stretch over 235,000sq m and offer over 400 stores, parking for 10,000 cars and the expected visitors per year is a staggering 23 million people.
Following extensive remodelling at Hede Fashion Outlet, VIA Outlets’ centre in Gothenburg, Sweden, the centre opened the new extension to guests 24 October. The works, which represented an investment of €11M, have added 3,000sq m, bringing the total to 19,000sq m, and 14 new stores including Gant, Calvin Klein, Lindt and Brun & Stenģade. The now 70 stores strong outlet is expected to see an increase in footfall of 25 per cent next year as a result of the remodelling. The next centre to enjoy remodelling is the Portuguese Vila Do Conde Porto Fashion Outlet, which will enjoy a €13M investment for refurbishments which will, amongst other things, focus on improving the customer service and leisure offerings, while internal architecture will be remodelled to better reflect the local region and upgrade the customer experience. Both remodelling initiatives are important parts of VIA Outlets’ 3 R’s strategy, which aims to remodel, remarket and remerchandise centres to turn them into premium outlet destinations.
The £75M development of Barton Square at intu Trafford Centre has reached the significant halfway milestone. The project is set to add over 110,000sq ft of additional shopping space. Along with the impressive exterior development, the interior has also undergone a major transformation. Iconic marble and granite materials used to develop the luxurious stone flooring and marble statues have been sourced from all over the world including Brazil, Italy and India. Fitting with the grand stature of the centre, the revived Barton Square will be elegantly lined with 36 palm trees, 20 marble seats, 120 urns and a total of 120 statues. In addition, a splash of splendour will be provided by a stunning water fountain.
The all new Barton Square will offer a better customer experience for all visitors with a range of popular retailers all under one impressive new roof including a two-storey, flagship Primark store. An extra 305 parking spaces are being created including additional electric charging spaces. The grand opening of intu Trafford Centre’s Barton Square will take place in spring 2020. Edinburgh St James will be a world renowned, retail-led, mixed-use destination for the future. Boasting a world-class retail, leisure, hotel and residential offer and injecting over £1bn of investment into the city, the scheme will strengthen Edinburgh’s global standing by transforming the city’s east end. Now becoming an inspiring, attractive and vibrant destination for people to live, shop, experience and play, Edinburgh St James is being developed by Nuveen Real Estate and is opening in stages over the next couple of years, being completed in 2021.
The project will be home to 85 retail units and 30 F&B units across five levels over a total of 850,000sq ft of prime retail, food and leisure space that will, upon completion, account for 21 per cent of Edinburgh’s retail offer. The site will also be home to an iconic W Edinburgh Hotel and 152 state-of-the-art new homes. The upcoming Grantham Designer Outlet Village now has a planned opening of summer 2021 and leasing is currently underway for this premium outlet in a region where no equivalent retail offering is available. The new scheme will be providing a full retail offering of 270,000sq ft within landscaped grounds and will be home to 130 luxury brand stores. The leasing programme has seen an extremely successful start, with confirmed letters of interest and heads of terms from brands including Armani, Moss Bros, Levi’s, Gap, Chapelle, Denby, Pavers, ProCook, and Radley.
Driven by leading designer outlet village developers Rioja Estates and familyowned, local property investment business Buckminster, Grantham Designer Outlet has been designed around a quality environment incorporating cafes, restaurants, public spaces with play areas, 1,800 parking spaces, VIP centre and a visitor and tourism centre. The premium outlet village represents a £100M investment in the local area and will create approximately 1,500 jobs by the end of the year.
Also in Grantham, Downtown Grantham Designer Outlet is a major project that is regenerating an existing retail destination that has been successfully trading for over thirty years and already attracts more than two million shoppers each year. Once the scheme is complete in 2021 by developers Oldrids & Downtown, projections suggest that an additional three and a half million visitors will be drawn to the site, which will become a mixed-use retail development. The new scheme will feature 107 shops over 220,000sq ft and become the heart of the project. It will also offer a major department store, large furniture and homeware store and a garden centre, along with leisure elements, a tourist information centre and a special training academy which is being developed in partnership with Grantham College, with the intention of creating a centre of excellence for training in the fields of retail, hospitality, leisure and travel.
Scotch Corner Designer Village, being developed by Scotch Corner Richmond LLP will be the leading outlet shopping and leisure destination in the North of England. This premium outlet retail development will be situated in the Richmond area of North Yorkshire, at the intersection of two major routes, the A1(M) and the A66. Around 26 million vehicles pass this point each year.
The outlet village will comprise 92 retail units, with parking for 1,300 cars and 150 electric charging points. To complement the extensive range of leading retail brands, and as part of Phase 2, the development will also provide visitors with a wide-ranging indoor and outdoor leisure offer, providing guests with the opportunity to immerse themselves in unique events and experiences. The low-rise, uncovered design of Scotch Corner Designer Village will have a village-feel, with high quality local materials and architectural details, combined with a village street design, presenting a strong sense of place complementary to the local area. The scheme will reflect the local architecture through an intimate series of open streets interspersed with courtyards and terraces.
West Edmonton Mall is in the midst of an extensive renovation and enhancement project that is bringing a chic, modern design to all 5.3 million square feet. Award-winning Canadian firm GHA Design Studios is working with the Mall and their focus on environment and how it helps define one’s impressions, means exciting elements have been added to the shopping centre to captivate shoppers. The 2019 retail evolution of North America’s largest mall sees the mall adapting to the changing retail landscape while securing its place as a global leader in the realm of retailtainment. Opened earlier this year was Jardin Plaza Cúcuta is the city’s largest shopping centre.
With its 40,000sq m and openair design that highlights the region’s culture, Jardin Plaza offers the inhabitants of Cúcuta a unique experience. Sonae Sierra, in partnership with the Colombian company Central Control chose the capital of Norte de Santander for the development of the project which is strategically located on the city’s eastern ring road. The centre has an ample and varied offer provided by 180 shops of different local, national and international brands to cover the commercial and leisure offer. Due to the centre’s open-air concept, visitors will be able to enjoy interacting with the natural environment and at the same time have access to covered areas. Panama, a popular destination for Latin American shoppers, with several major malls, will be getting its first outlet centre next year.
Megapolis Outlets Panamá is actually the conversion of Multicentro Panamá, which Luna Brillante opened in Panama City in 2003 as the country’s first mall. The site is adjacent to the Majestic Casino and to a Hard Rock hotel. A complete renovation of both the interior and exterior of the development is underway. Outlet brands will be completely enveloped in an alluring design and beckoning signage. The first two floors of the mall at 180,000sq ft will be dedicated to outlet retail and will benefit from multiple access points from the street, 1,800 adjacent hotel rooms and the largest parking garage in Panama City.
The Outlet Resource Group (TORG) is handling the leasing, marketing, and outlet consulting on the project. After multiple delays and previous openings dates coming and going, Empire Outlets, New York City’s first outlet centre, celebrated its grand opening back in May. The 340,000sq ft centre is located on Staten Island and is easily accessible via the Staten Island Ferry.
Developed by BFC Partners and designed by SHoP Architects, Empire Outlets features expansive open corridors to the water and contemporary materials reflective of the industrial waterfront. Vertical circulation elements such as grand staircases, elevators and streamlined escalators guide shoppers as they move from the waterfront up to the outlet centre. Stores on site include Banana Republic, Brooks Brothers, Columbia Sporting Goods, Gap Factory, H&M, Jockey, Nike Factory, Old Navy and more. Additional retailers, including Nordstrom Rack, American Eagle Outfitters, Crocs and more opened their stores throughout the spring and summer. Work is still being completed on a 40,000sq ft food and beverage deck that is scheduled to open with dozens of food concepts — including MRKTPL, Staten Island’s first artisanal food hall — in the fall.
One of the biggest projects in the world, which has also undergone several delays, is the American Dream project in East Rutherford, New Jersey by developer Triple Five Group. The scheme will provide a mix of entertainment and retailing in the heart of the New York metropolitan area. The project is accessible both by more than 21 million residents and by the 55 million domestic and international tourists that visit the area every year. American Dream combines retail, dining, entertainment and visitor attractions on a large scale.
The retail component comprises over 450 retail, food and specialty shops with anchors including Saks Fifth Avenue and Lord & Taylor. Nearby are leisure attractions including North America’s largest fully-enclosed indoor DreamWorks Water Park, an indoor Nickelodeon Universe Theme Park and a 16-storey Big Snow indoor ski & snow park. The leisure element of the project also includes a 1,500-seat live performing-arts theatre an 87m-tall observation wheel; luxury movie theatres by Cinemex; a 6,500sq m Sea Life aquarium & Lego discovery centre; NHL-size ice rink; and an 18-hole miniature golf course. The centre also features The Collections – a 42,615sq m luxury and fashion area and The Dining Terrace, which comprises 15 full-service restaurants. The mall is currently set to open in stages, the first part opened last month, with the retail section set to follow next year.
A 24-Hour Fitness gym, Regal Cinemas theatre and an Old Navy apparel shop will be among the major tenants moving into the former Laurel Plaza shopping centre site as part of the NoHo West project now under construction in Los Angeles, the developer Merlone Geier Partners said recently. The announced gym, theatre and clothing retailer tenants will be among the 50 to 60 commercial tenants of the 570,000sq ft NoHo West project that is due to open in spring next year.
The Regal Cinemas will be the theatre company’s only location in the North Hollywood area, according to the developer. It will be moving in just down the street from the Regency Valley Plaza 6 and Cinemark North Hollywood, and not far from the Laemmle Noho 7 in the arts district area. The 24 Hour Fitness will also be near some other gyms, including Golds Gym on the Valley Plaza side of the shopping area. Headquartered in New York, Seritage Growth Properties is developing The Esplanade at Aventura which is due to open in the spring of next year in Aventura, Florida.
The first phase of the scheme will feature the ground-up development of 215,000sq ft of experiential retail, unique entertainment and fine dining in a luxurious open-air setting. Esplanade at Aventura is a transformational project that provides an unparalleled open-air destination for domestic and international retail, dining and entertainment concepts. This thoughtfully designed project will provide retailers and restaurants a setting to fully display their latest experiential oriented brands in a high street environment, with activated outdoor space and an abundance of patio and rooftop gathering areas.
Once completed, this modern physical environment will house a diverse mix of leading domestic and international retailers and restaurants, many of which will be new to the South Florida market, creating a world-class attraction for residents and visitors from around the world. Intended as a first-of-its kind, L&L Holding Company, in partnership with Maefield Development, Fortress Investment Group and the Nederlander Organisation, is creating a fullbuilding promotional platform in Times Square, New York. TSX Broadway will comprise 51,096sq m, 46-storey tower which includes an outdoor stage suspended nine metres high.
The project includes the largest (177 metres tall) and most technologically advanced signage and lighting package available as well as 11 floors of retail/experiential space, and a 669- room luxury hotel. The Palace Theatre will be elevated nine metres before undergoing a $50M (€45.5M) renovation and modernisation. TSX Broadway was conceived as the way to connect with customers in the digital age. With fully-integrated retail, entertainment, hospitality, and food and beverage offerings, TSX Broadway provides the venue for a range of experiences, performances and interaction in the world’s most visible location. The project is due to open in 2022.
Opened this past June, Wuhan Xintiandi Horizon North Pavilion was designed by 5+design and developed by Shui On Land Limited, the flagship property company of the Hong Kong-based Shui On Group. After a construction period of five years, the new project launched encompassing retail, offices and residential towers and it is now establishing a sustainable community for the city of Wuhan. The four-level shopping mall features an urban rooftop farm, whilst on the ground floor; the shopping centre is anchored with a large atrium and sky bridge. When combined, the open terraced floor plan, greenspace, and farming component creates a diverse, dense and fluid set of experiences.
The 164,000sq m retail space is tiered from the street-front to maintain a human scale and to allow pedestrians full, direct access to the vegetated rooftop gardens. Newly opened Raffles City Chongqing by developer CapitaLand, with a total investment of RMB24bn and a total construction floor area of 1.12 million square metres, brings together a 235,000sq m shopping mall, 150,000sq m of Grade A office space, 1,400 residential apartments, Ascott Raffles City Chongqing serviced residence and InterContinental Chongqing Raffles City hotel.
Located at the confluence of Yangtze and Jialing rivers, Raffles City Chongqing is designed by world-renowned architect Moshe Safdie, who drew inspiration from the region’s thousand years of waterway transportation culture to create an image of powerful sails upon the river for Raffles City Chongqing to symbolise the host city’s surging growth. Grandberry Lifestyle Center by developers Tokyu Corporation is a new 70,000sq m mixed-use centre in Tokyo’s Machida section that is scheduled to open this year. Located on the city’s Tokyu Denen-tonshi train line, the design accommodates both a commercial and activity hub as well as a social destination for visitors and nearby residents. Upon arrival, tiered gardens and waterfall meet visitors who then ascend a grand stair to a multi-level shopping scene with a grocery market, retail and cinema. Open plazas provide spaces for socialising, leisure and entertainment.
A new park entrance transforms the natural slope into a dramatic stair, with the ground rising to create a green roof for a restaurant at the park’s entrance. In addition to retail, other program elements include a café, library, official Snoopy Museum, multiple children’s playgrounds, forest garden, sports fields and a great lawn for events. Kuala Lumpur mall Starhill Gallery is undergoing a transformation and will be fully revealed as The Starhill come 2021. The mall, located in Kuala Lumpur’s Bukit Bintang shopping belt, will be repositioned as the “Home of the Tastemakers,” following a new concept that infuses hospitality into the retail experience – where patrons will shop and stay in a refined home-like environment offering experiential retail in a warm, intimate boutique atmosphere. Under development by YTL Land & Development Bhd, The Starhill will feature four floors of experiential retail space and three more floors of 162 hotel rooms under the JW Marriott Kuala Lumpur brand.
The new extension will be seamlessly integrated with the lower retail space in one vertical seven-floor development – the first of its kind in Asia. On course to open in March next year in Auckland, New Zealand, Commercial Bay by developers and owners NZX listed Precinct Properties is predicted to become a gamechanging environment for the city. Never before has a single project brought together the best of everything in one location – a world class commercial space, public transport, luxury hotel, international quality retail, public spaces and hospitality environments, as well as striking urban design.
The upcoming project will completely reshape the waterfront area bounded by Britomart, the viaduct and the CBD, and resurrects the location’s original name. On top of its incredible fashion offering, Commercial Bay is set to include an aspirational mix of food and beverage including acclaimed restaurants and bars, beauty, and specialty retail – overall, the precinct will feature more than 100 retailers across 18,000sq m of leasable area. With 95 per cent of space now committed, the project continues to amaze and build anticipation ahead of its opening.
Lead8, the international award-winning design firm, has been appointed to the renowned international team designing One Bangkok. Jointly developed by TCC Assets (Thailand) Co., Ltd. and Frasers Property Holdings (Thailand) Co., Ltd., the highlyanticipated future development will deliver 1.83 million square meters of integrated mixed-use development on a 16ha site in the heart of Bangkok.
Located adjacent to the city’s iconic Lumphini Park, One Bangkok will be Thailand’s largest integrated development comprising premium grade A office buildings, luxury and lifestyle hotels, luxury residential towers, interconnected retail precincts, art and cultural hubs, and public space. The development is expected to accommodate up to 200,000 people daily following its full completion in 2026. The development has commenced construction and is set to open in phases from 2023.
The Boardwalk Casino and Entertainment World in Port Elizabeth is undergoing an R600M extension and upgrade in the retail area. Property developers, Flanagan & Gerard Group and Moolman Group, have signed an agreement with Emfuleni Resorts, a subsidiary of Sun International, to extend and upgrade Port Elizabeth’s Boardwalk precinct. Boardwalk Mall will include the latest shopping and leisure trends.
The upgrade will more than double the retail space in the Boardwalk Precinct when it opens in 2021. Work is planned to commence in early 2020. The precinct currently comprises of a 6,000sq m Boardwalk Casino, 140 key 5-Star Boardwalk Hotel, conference facilities, 11,800sq m of existing retail and a five-screen Nu Metro cinema complex. The redevelopment will see this increase to 26,000sq m, including new shops, restaurants, and a new Sun Park Square designed to host major events. Other new developments will include two supermarkets, one speciality food store, two pharmacies and two or more major banks.
The development by one of South Africa’s oldest rural shopping centre developers, McCormick Property Development (MPD), of a massive shopping mall in Pretoria West costing at least R1.2bn has been given the green light. The development, Capital Mall, has been stuck in limbo, but an appeal to halt the development was overturned in April.
The development node includes a 150-bed private hospital, value retail centre, motor dealerships, affordable housing as well as student housing, schooling and community facilities. The development of the mall will be phased with 60,000sq m Gross Leasable Area (GLA) planned to open towards the end of 2021. MPD said that the design allows the mall to seamlessly expand to over 100,000sq m in time, without the need for structured parking facilities.