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
Add BT as a preferred sourceBerlin
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."
TRENDING NOW
DBS, OCBC and UOB shares hit all-time highs as sentiment improves
E-commerce job cuts signal S-E Asia’s shift from scaling to deeper user engagement
Targeted credit relief: Vietnam steers funding to Vingroup, Sun Group, Masterise megaprojects
With AI, it’s not about coding better; workers need to think better: Koh Boon Hwee
