Mall of Europe
PRESENTED BY UNI- BAIL-RODAMCO
Part of a mixed-use project in the Europea district near the city’s Fifties-era Atomium tourist attraction, the Mall of Europe represents an investment of 550 million euros, or $592 million. Spanning 1.23 million square feet, the 240-unit shopping center will feature more than 30 restaurants, the largest cinema in Belgium with 21 screens and the world’s first “Spirouland” theme park. It is set to open in 2021.
PRESENTED BY KLÉPIERRE
The Prado shopping center in Marseille, set to open in 2017, follows several big mall openings in the south of France, including Polygone Riviera in Cagnes-sur-Mer, near Nice, and Les Terrasses du Port in Marseille. Located next to the city’s Vélodrome stadium and close to the seafront, the center will feature around 50 retail units, including a 100,000-square-foot Galeries Lafayette department store.
PRESENTED BY UNIBAIL— RODAMCO
The Überseequartier project on the banks of the Elbe river in Hamburg got a boost with an agreement last December for Unibail-Rodamco to develop a multiuse destination set to open in 2021. Representing an investment of 860 million euros, or $925 million, the project will cover close to 2 million square feet. It will include 190 shops plus restaurants, housing, offices, a cruise terminal, a hotel and a multiscreen cinema.
PRESENTED BY WESTFIELD
With an investment of 1.4 billion euros, or $1.5 billion, Westfield’s Milan center marks a bid by the Australian developer to expand outside its traditional markets, the U.S. and U.K. A Galeries Lafayette flagship is to anchor the 1.8-million-square-foot mall, developed with Percassi through its subsidiary Stilo Immobiliare Finanziaria. The project will feature more than 300 stores, 50 restaurants and parking for 10,000 cars.
Intu Costa del Sol
PRESENTED BY INTU
British development firm Intu is growing its presence in the Spanish market, where it owns two centers, in Oviedo and Zaragoza. It has acquired land near Málaga to build a regional destination center encompassing stores, a gourmet market, a surf lake, artificial ski slopes, a mini theme park and restaurants. Intu says the location benefits from an area population of 1.7 million, combined with 9 million tourists, annually.
PRESENTED BY WESTFIELD AND HAMMERSON
Westfield and Hammerson have joined forces on a 1 billion-pound ($1.5-billion) redevelopment of the Whitgift Center shopping mall in Croydon, south London. It is due to be combined with neighboring Centrale and turned into a retail, leisure and restaurant destination covering 1.5 million square feet. The project, part of a larger regeneration program in Croydon, is due to begin construction in 2016.