Around half of all shopping centres in Germany need to be modernised and reworked. But developers and investors waiting in the wings to cash in on the multi-billion euro opportunity are faced with a puzzling question: why are some shopping centres successful, while others are not?
Around half of all shopping centres in Germany need to be modernised and reworked. But developers and investors waiting in the wings to cash in on the multi-billion euro opportunity are faced with a puzzling question: why are some shopping centres successful, while others are not?
To help address this thorny issue, Lisbon-based shopping centre company Sonae Sierra has teamed up German consultancy GMA on a new study. A key element of the study is a 'centre success-check', which the pair say can be used to evaluate shopping centres in terms of their marketability and revitalisation potential. Sonae Sierra and GMA are presenting their study and checklist at a press event during Expo Real on Tuesday 4 October.
The October edition of PropertyEU features an interview with Sonae Sierra and Dutch developer MAB about their joint venture to transform a former Karstadt store in the Germany city of Solingen into a modern shopping centre.
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