Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)
Issue link: https://sct.epubxp.com/i/400168
w o r l d at a g l a n c e Starbucks says it plans to open 223 additional cafés in Mexico over the next four years, bringing its total there to about 660. Starbuck oper- ates in Mexico with Alsea Group as a local partner. Government officials in Hanoi, Vietnam, have set a goal for the city to have 43 shopping centers and 1,000 supermarkets — of which 23 will be hypermar- kets — by 2030. Traditional markets are inadequate, they say, to serve the city's growing and increasingly affluent population. A growing oil industry in Perth, Australia, is drawing some of the biggest names in fashion retail. Miu Miu is set to open a boutique on King Street. Other recent names include Canali, Chanel and Louis Vuitton, and still more retailers are on the way. 12 S c t / N o v e m b e r 2 0 1 4 Hammerson has raised some £400 million [about $645 million] through the placement of 70 million new shares to expand its global outlet center busi- ness. The U.K.-based devel- oper is set to spend about £30 million to expand the Bicester Village outlet center, in England, and the Kildare Village outlet center, in Ireland. The company also plans to open a shopping center in China next year, in Shanghai. Construction on the $93 million Avenues water- front shopping center, in Bahrain, has begun. The $93 million venture is part of a roughly mile-long devel- opment being undertaken by the King Faisal Corniche Development Co. The com- pany is a venture between Bahraini investors and Kuwait-based MH Alshaya and Mabanee Corp., owners of the Avenues in Kuwait. Ikea Shopping Centres Rus- sia, part of the Ikea group of businesses in Russia, will open a 215,000-square- meter (about 2.3 million square feet) Mega mall in Mytishchi, northeast of Mos- cow, in 2018 — Ikea's 15th in that country. The com- pany is said to be spending some €260 million [nearly $330 million] on the project and has earmarked some €2 billion for existing and new Mega malls in Russia. Chile's Falabella Group paid $492 million for Maestro, a 30-store home- improvement retail chain in Peru that posts some $515 million in sales annually. Falabella owns the Sodimac home-improvement chain, which operates 136 stores across Argentina, Chile, Co- lombia and Peru. The com- pany has not said whether it will switch the Maestro brand to Sodimac. Dubai Design District, which Tecom Investments is developing in Dubai, United Arab Emirates, will contain luxury shops, enter- tainment space, restaurants and hotels. Of the project's total 21 million square feet, some 2.5 million square feet will be devoted to retail. Government officials in Ikea Shopping Centres Rus- pany is a venture between Bahraini investors and Kuwait-based MH Alshaya and Mabanee Corp., owners