Shopping Centers Today International

DEC 2015

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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92 S C T / D e c e m b e r 2 0 1 5 in Bolzano, capital city of the South Tyrol province of Italy; a hypermarket- anchored project in the Siska district of Slovenia's capital; a "managed shop- ping street" in Vienna's Seestadt (urban lakeside) local shopping area, in a joint venture with the Austrian capital city; and a new neighborhood called Seestadt Bregenz, in Vorarlberg, Austria, in a ven- ture with Prisma Development. U.K. landlord Intu Properties will spend $750 million to build retail proj- ects in Spain over the next five to seven years. The firm already has three malls in the country, and wants to take advantage of healthy consumer spending there. After opening the 730,000-square- metre Forum Lviv, its first retail center in Ukraine, Dutch developer Multi is building its next center in Poland. The firm is spending $207 million on the 742,000-square-metre Forum Gdansk, which is adjacent to the main railway sta- tion, the Old Town and key municipal buildings. Grand opening is scheduled for 2017. A n d P o r t u g a l ' s S o n a e S i e r r a a n - nounced plans to build its first mall in Colombia, a $50 million project in Cacuta. The firm is also developing the $193 million ParkLake shopping center in Bucharest, Romania; and the $123 million Shopping Centre Zenata, in Morocco. As for SM Prime Holdings, the Philip- pines' largest retail landlord is planning a major expansion of its SM Mall of Asia , in Bay City, Pasay, to include a football stadium and art gallery, said the firm's president Hans T. Sy. "All in all, we plan to develop four to five new malls in the Philippines each year, with our long- term goal of having 100 malls around the country," Sy said. The company currently has 49 malls. "That sounds like an impossible dream," Sy added, "but we know we will be able to achieve this." S C T s o n a e s i e r r a ' s i n b u c h a r e s t , r o m a n i a

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