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

Published Mon, Nov 24, 2014 · 09:50 PM

Berlin

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."