SES Spar European Shopping Centers

PRESS

11.05.2017
Construction work is starting in summer 2017

The value of the new and most modern shopping center in Šiška estimated at 150 million euro

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The construction work is already starting in June 2017.

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Press release (3821 Characters)Plain text

"The aggregate value of the investment involving several different investors is estimated at 150 million euro," said Marcus Wild, CEO of SES Spar European Shopping Centers, which will manage and own the new and most modern shopping center in Slovenia, at the press conference devoted to the presentation of the continuation of the project of construction of the new shopping center in Šiška. This will grow in Šiška, the most densely populated district of Ljubljana, by the autumn of 2019. The construction work is already starting in June 2017.

"We see Slovenia as a very perspective market; after all, we already manage four shopping centers here and are closely familiar with the shopping habits of Slovenian customers. The new center will bring Ljubljana an excellent supplement to the existing shopping environment in the broader city center area," stressed the CEO of SES, which is considered the market leader in the field of construction, development and management of shopping centers in Slovenia and neighbouring Austria, currently managing as many as 30 shopping centers in six countries of Central, Southern and Eastern Europe.

After years of complications involved in obtaining building permits, Toni Pugelj, manager of the Šiška project, also expressed his satisfaction with the launch of construction works. "We waited for the building permit for more than five and a half years, precisely for as many as 1954 days. The application for a building permit had to be supplemented by 216 different documents," was a brief Pugelj's summary of the lengthy process of obtaining a final building permit. He added that the structure would be constructed by 1000 to 1500 people, while its opening would bring about 700 new jobs. The construction of the transport and municipal infrastructure will begin in the following months, while the works on the structure will be carried out in the last quarter of this year.

The importance of the location of the new shopping center in Šiška was also pointed out by Igor Mervič, Director-General of Spar Slovenia, which is the major tenant of the Šiška shopping center: "The location is one of the best and very important to us for several reasons, both in terms of transport connections and because of the population density in the area. The shopping center will attract customers from a broader gravitational area, too", announced Mervič.

The initiation of the construction of the Šiška shopping center is also welcomed by the Municipality of Ljubljana. According to Zoran Janković, the mayor of Ljubljana, such investments have a positive impact on the development of the city and the quality of living. "I am pleased that another modern center will open its doors in two years, providing many other activities besides the commercial activity. I am convinced that it will add a new value to the broader area of Šiška and become another center of social life."

The Šiška shopping center located directly by the northern section of the ring road of Ljubljana will consist of 32,000 square metres of rentable areas with about 90 shops and 1600 parking spaces. It will unite the pleasures of shopping with the possibility of spending quality free time and engaging in cultural activities.

Another trademark of the Šiška center will be a modern architectural form uniting the elements of light and water. A special feature yet unseen in Slovenia will be a vibrant roof terrace where visitors will have at their disposal playgrounds for different sports such as badminton, volleyball, mini golf and tennis. SES entrusted the design of the structure to renowned Austrian architecture firm ATP Architects and Engineers, which will carry out its task in cooperation with Slovenian subcontractors.


SES Spar European Shopping Centers

SES is a developer, builder, and operator of shopping centers in six countries. The company currently manages 29 shopping locations in Central, Southern, and East-ern Europe. The leasable area amounts to 790,000 square meters. SES is the market leader in Austria and Slovenia for large-scale shopping centers. In 2018, tenants at SES locations generated gross sales of 2.76 billion euros. SES also offers its know-how in the areas of project development, construction manage-ment, leasing of shop space, as well as center and facility management to external owners of shopping malls right from the outset. SES centers have already received several national and international awards for architecture and design, sustainability, traffic flow concepts, and innovative marketing. SES is part of the SPAR Austria Group.

More information is available at: presse.ses-european.com, www.ses-european.com.
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According to Marcus Wild, CEO of SES, the aggregate value of the investment involving several different investors is estimated at 150 million euro.

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Claudia Streitwieser-Schinagl
Head of Public Relations

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