SES Spar European Shopping Centers is consolidating its position in the Northern Italian market. With the purchase of the IL GRIFONE shopping center in Bassano del Grappa, located in the highly affluent region of Vicenza/Veneto, the real estate developer and operator takes over a well-established location with immediate effect. The seller of the property is a fund of MCAP Global Finance (UK) LLP, the European branch of Marathon Asset Management LP ('Marathon') headquartered in New York. The center, which opened its doors in 2009, boasts over 20,000 square meters of gross leasable area (GLA), 7,000 of which already belonged to the SPAR Group (ASPIAG Italy) prior to the takeover. This latest addition takes the SES portfolio to 31 locations, three of which are already classed as large-scale Italian shopping malls.
The number of photovoltaic surfaces installed on SES shopping malls is constantly increasing. This year, SES has invested in the construction of photovoltaic systems in the five Slovenian shopping centers, namely ALEJA, CITYPARK and CENTER VIČ in Ljubljana, CITYCENTER Celje and EUROPARK Maribor. The systems, boasting a total output of 4,300 kilowatts, have been in operation since July and August. They cover around one-fifth of the centers’ electricity requirement with a 1,200-ton saving in terms of CO2 emissions. The SES climate objective to fit photovoltaic systems on at least 50 percent of its available mall roof surfaces by 2040 has therefore already been achieved or exceeded to significant extent in Slovenia. SES is currently operating four photovoltaic systems in Austria. An additional three locations are scheduled to be equipped with these systems by the end of the year.
After a four-year break due to the pandemic, on Monday, May 15 the International Design and Development Awards were presented in Milan. Europe’s largest retail property association, the European Council of Shopping Places (ECSP), presents the prizes in recognition of particularly outstanding projects in the retail property sector. This year the ALEJA Ljubljana shopping center was voted Europe’s best shopping center in its category. Following on from the 2021 Global RLI Award, this is the second internationally important award for ALEJA - the latest mall created by Austrian-based developer and operator SES Spar European Shopping Centers (SES).
SES shopping malls proved extremely popular in 2022 and brick-and-mortar retailers regained a foothold. The gross sales turnover of a total of 1,800 shops located on the 30 SES Spar European Shopping Center sites in Austria, Slovenia, Italy, Hungary, Croatia, and the Czech Republic continued to grow in the past year. With sales up 18.5 percent and a 3.1 billion euros turnover compared to 2021, SES enjoyed a record year in terms of development since its inception in 2007. SES Centers in the key Austrian market also topped their 2019 turnover, displaying better development than the sector per se*. The 17.6 percent increase in footfall, amounting to over 100 million visitors, almost reached pre-pandemic levels. In 2022, SES invested in numerous sustainable measures such as large-scale installation of photovoltaic systems and the ongoing interim expansion of e-charging stations, currently amounting to 175 charging points coupled with extensive LED retrofitting.*Source: Statistics Austria: 8.1 percent nominal increase in retail sales turnover for Austria (excluding motor vehicles) 2022
On Monday, 6 February 2023, the Liebenau pharmacy in MURPARK Graz became Styria’s biggest pharmacy, not to mention one of the largest in Austria. Present at the center since the outset, the surface area of the Liebenau pharmacy has now tripled in size. Covering 700 square metres over two floors, the pharmacy offers up to twelve areas for specialist consultations and the biggest range of cosmetics in Styria.
Austria’s market-leading shopping center operator SES Spar European Shopping Centers has promoted seasoned employees from its own ranks to management positions, effective 1 January 2023: Petra Hemetsberger has taken over as the Head of Asset Management, Roland Gruber is the new Head of the Construction Department, and Nina Wolfgruber, is responsible for the newly created area of Business Process Management. On 1 November 2022, responsibility for the Legal Department was placed in the hands of Thomas Frauenlob.
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