Unibail seeks another mall to satisfy Berlin's shopping appetite
It wants to take advantage of rising wages and retail sales in Europe's largest economy
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UNIBAIL-RODAMCO SE plans to add a second mall in Berlin and has increased investment in the first as Europe's biggest shopping-centre owner taps one of the continent's fastest-growing retail markets.
"Berlin is the biggest and most dynamic shopping centre market in Germany," Karl Reinitzhuber, co-chief executive officer of Unibail's German unit. "The market will never be saturated, there are always opportunities to improve on the existing supply."
