Find in the news:
BY COUNTRY

Unibail looking to add second mall in Berlin



Unibail-Rodamco SE has increased its investment in Europe and is planning to add an additional mall in Berlin.

The company already owns nine malls in Germany, with a value of €4.1bn and hopes to buy or construct a second shopping mall within Berlin. It is also in the throes of investing in excess of €100m for the renovation of its Berlin mall, Gropius Passagen.

The Paris-based company made the decision to move beyond the French borders and place their focus on larger malls in the bigger cities, as the growth in online shopping has affected the smaller centers. Germany is an expansion opportunity and the company is taking advantage of the increase in retail sales and rise in wages of the largest economy in Europe. Unibail currently holds 91% of MDI AG, based in Essen.


Gropius Passagen


The group is considering the purchase or construction of centers in the seven largest German cities, including Cologne, Munich and Hamburg. This is dependent on locating deals in line with its return on investment, customer base and size.

Unibail is considering the sale of the Gera Arcaden mall, located south of Leipzig, as it does not meet all its criteria. The center was purchased by MFI during 2011 at a cost of €107m.

The company owns four of the 10 biggest malls in Germany and manages 18 malls on behalf of clients. Its target for 2015 is to gain market share from the biggest mall company in Germany, ECE Projektmanagment, which is controlled by the Otto Family from Hamburg. This will prove to be a challenge against a formidable competitor.

The largest development zone in Germany, Hamburg’s HafenCity, is currently in talks with Unibail to construct a shopping hub with €1bn as an investment. No comment has been received from Unibail regarding this matter.

Related shopping malls and stores:

More about shopping malls in Germany



TODAY, USA:
Construction is expected to begin in 2025 and be completed in 2028.
TODAY, USA:
The opening will take place late next week, on December 3.
YESTERDAY, Qatar:
Several malls opened in Qatar in 2021, with new openings planned for the fourth quarter of 2022.
YESTERDAY, United Kingdom:
The "Give Back Express" opened on Poland Street, London.
YESTERDAY, United Kingdom:
The new retail space is open in a "magical" concept that invites customers to take part in the game.
Nov 25, 2022, China:
Louis Vuitton continues to look for new growth opportunities in Asian markets.
Friend
and Follow
Silesia City Centre GLA:699 654 SF
ADDRESS: Chorzowska 107
Poland . Katowice
Silesia City Centre
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Mall of Tripla GLA:914 932 SF
ADDRESS: Veturitie 13
Finland . Helsinki
Mall of Tripla
Mall of Scandinavia GLA:1 087 155 SF
ADDRESS: Evenemangsgatan 11 169 56 Solna
Sweden . Stockholm
Mall of Scandinavia


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us