2015 will see four new mall openings by SES

Growth of those Spar European Shopping Centers in Austria that were in full operation is 1.2 percent.

SES successfully saw off a challenge from online trade in the past year. This confirms the development of branches which, according to reports of trends, are in strongest competition with internet suppliers: drugstores/perfume stores, consumer electronics retailers, shoe stores, textiles, jewelry stores and other specialists shops reported a pleasing boost in turnover of 2.6 percent for 2014 in SES centers spread over five countries. 
 
Gross sales of retailers at the locations of Austria’s biggest operator of shopping centers – SES – amounted to 2.57 billion euros (+0.4 percent) in 2014. Regarding these results, it should be taken into account that extensive rebuilding activities at several locations – despite the respective locations remaining open for business – led to temporarily restricted retail space, thus weakening increases in sales. Growth of SES shopping centers in Austria that were in full operation (excluding expansion and rebuilding locations) amounted to 1.2 percent in 2014. 120 million visitors demonstrate the growing popularity of SES shopping centers among consumers. 
 
In April 2014 SES took over center management of GERNGROSS – a traditional former department store being operated as a shopping center - in Vienna and opened the new MARIANDL shopping center in Krems, thus increasing the number of shopping centers managed by SES in Austria, Slovenia, Hungary, north Italy and the Czech Republic to 28 malls. 


MARIANDL Krems

Marcus Wild, Chairman of the Executive Board of SES:  “Urban shopping centers with high quality of stay, innovative restaurants, perfect accessibility and a constantly new mix of shops are currently the true economic driving force in the trade. Their overall economic output and role as an important employer with up to 2,000 employees per location are often underestimated. We’re satisfied with the business performance of last year. In 2014 we were able to open a new shopping center– the MARIANDL in Krems – and we took over as a service provider the management of GERNGROSS in Vienna. In 2015 we’ll be continuing our wave of openings:  WEBERZEILE in Ried, Upper Austria, will be launched in August, and the expanded FISCHAPARK will enter full capacity in October. The big refurbishments of CITYPARK Graz and SILLPARK Innsbruck will be completed in the fall and both will provide a new shopping ambience in the federal provinces. The first managed shopping mall in Austria will open in summer in the form of the flagship project Seestadt Aspern. And the pace of our expansion will continue in the next years with the HUMA shopping mall in Vienna-Simmering and the new urban multifunctional development SEESTADT in Bregenz (Vorarlberg) next to Lake Constance.“ 

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