Europe’s last shopping center? Hamburg is looking for the next retail boom of Saudi Arabia on the west coast

The best known shopping center with Paris-based Unibail-Rodamco-Westfield (URW) – Westfield-branded shopping centers – opened the doors to the development of the latest trade center last month. The question is not unusual about it, but as he has debuted, the question is whether it is the last new place-up shopping center, URW or other great developers in Europe.

The company, which is a hotter in Hamburg, announced the main deal to expand the brand in the hottest market of Saudi Arabia in the Middle East. When the sands are certainly feeling as they move to the east.

Indeed, viedin for the city’s central schemes for retailing property investors, or for the construction of out-town super regions, because it has been to build super regions outside the city for new shopping cells.

European Investment Shifts Returns Like Gear

Post-pandemic was very great developments: The URW’s own shopping center of the Dutch scheme in the Hague; Reconstruction of St. James Quarter and London in Edinburgh and in London is reconstruction of the Battersea power plant. However, each of them was a substantial basis that it is located.

Instead, the most interesting deals in the last 12 months, Swedish furniture seller IKEA Property sleeve Paris, Paris and Munich were used in the British strong sovereign wealth, and Covent Bahçeli stopered holdings. Another real estate giant, Landsec, Liverpoolone, and the United States investor SVP is the largest Mall, Blanchardstown in the edge of the Irish.

Part of 4.5 million square meters in the West, Hamburg-Ubersequartier, the German city of Habe River in the German port of Hamburg, sits in the center of the restoration. This is a new, bright central part of a large living and office development that helps to redefine the city, and food and recreation, housing blocks, offices, three hotels and new cruise terminals, all joined the city through their subway station.

The shopping center was opened with a new 130 retailer who received a new place near the city, plus an additional 40 food and beverage sections. About 85,000 people around the opening and more than 1 million people flocked to the center in the first two weeks.

Although the German city administration is eager to be the open air of the mall, Urw, the winter climate has created a more practical center of the center, and in a two-level center, in a two-level center, plus a roof design and natural light.

“I believe that our shopping centers have a very important role that attract people who attract people to restore the surrounding areas,” Urw head strategy and investment officer Vincent Rouget stressed that the mall has brought vigilance to a previously missing extensive restoration.

“While thinking that the pace of change is increasing, it is a project consisting of today.

The URW still employs 15 trade employees in North America – a plot to leave the country – in New York in Los Angeles and Westfield Westfield Westild World Shopping Center, and in the United States in these shopping centers in the United States.

Westfield finds a new place in Saudi Arabia

In a surprise movement, on May 5 signed an agreement with the Strategic and Franchising partnership within Saudi Arabia. Under the terms of the 10-year partnership, which focuses on an additional 10 years, the Cenomi Centers will only licens the Westfield brand from the URW within the Saudi shopping center market.

The bargain sounds like winning for both sides. The main regional owner, operator and shopping centers of SSC company SSC in the Saudi Center, 10. The largest regional owner, operator and development of shopping malls, which are in the Great city of Saudi.

Partnership will first pay attention to the flagship activities in Jawharat Jeddah, Jawharat Riyadh and Nakharat Damma, and eventually will be in “Malls”, which are eight of the Cenomi centers.

However, the opening of Hamburg and the deal in Saudi Arabia also offers a wider story. The death of retail sales in Europe was brutally overwhelmed inside the online hyperbole, but the retail development between the continent could only be different. Europe’s better shopping centers are in good condition, but there is little need for a new retail area. See the East, but Saudi Arabia is currently offering great potential as the country’s rulers try to move their economy away from energy domination.

Urw, perhaps the global scale built well-known shopping center and slowed the development of the new shopping center, the power of this brand is only growing.

This story was first displayed Fortune.com

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