Currently, throughout Europe a trend is observed towards the reconstruction of shopping centers, which is expressed in concept changes or facility upgrade in order to increase its profitability. For example, a large European company covering property investments, development and management of shopping centers, NEINVER, in August of this year an upgrade of its shopping center Vicolungo The Style Outlets in Italy started. According to the project, it is planned to invest more than 9 million Euro in the reconstruction. 


At the end of October this year, the opening of a new airport is scheduled in Istanbul. Upon completion of the project, it is expected that it will become the largest airport in the world, on the territory of which 53,000 m2 of retail space will be located. According to specialists, at the very beginning, the flow in the Turkish transport hub will be 90 million passengers a year. But, it has to grow into the largest airport in the world with a passenger traffic of 150 million passengers per annum.


On October 13, the Big Architectural MeetUp will take place in Kyiv, organized by the publisher. UTG architect, Maxim Sinulin will take part in the event, the main topic of which will be the discussion of architecture, design and urbanism issues in a cultural context.


Currently, amid the closure of numerous large malls in the United States, retail real estate investors and owners in Europe are afraid of the American scenario replay, and conduct independent asset appraisals and consulting on investment management. According to across-magazine, many owners of European shopping centers, have decided to keep the best assets in their portfolios as well as increase their efficiency and apply to professional consultants. 


On November 7, in Kiev, within the annual Retail Expo Congress, a celebration ceremony of the B2B award Best Retail Project 2018 will take place. UTG Director, Evgenia Loktionova will choose the best retail companies in 2018 as one of the jury members.


Within the Retail Days Istanbul 2018 fair, the exclusive representative of which in Ukraine and Belarus is UTG, Ergün Güler, general director of Vestel, a technology giant changing retail code, will share its experience and methods to promote products.


Shares of the largest property owner in Poland, EPP company have grown by 27% over the past three months. The company intends to pay dividends for the entire 2018 in the amount from 11.6 to 11.8 Euros. According to across-magazine, EPP optimism is associated with rates in the first half of the year, when EPP net profit growth in real estate was marked at 45% or 66.2 million Euros.


On October 9 Kyiv will host the BIMex-2018 (Building Information Modeling) conference. UTG Architect, Dmitriy Atayev will take part in the event, the main topic of which is formation process of the building information model. 


On November 7, the major event of Ukrainian retail, the third annual Retail Expo Congress, will be held in Pochayna Hall in Kiev. UTG specialists will join and take an active part.


Since its opening in 2012, Ocean Plaza has become the most popular shopping center among citizens and visitors of the capital. Apart from recognition among visitors, this commercial facility received the major professional awards in Ukraine as well as abroad. Daria Zavadskaya, commercial director of the Ocean Plaza mall, told us, what it takes from the management company to hold the leadership for so many years.


This year, on November 30 in Kiev, will open a second shopping center from the Smart Plaza chain. The new shopping center Smart Plaza Obolon is located at Minskaya metro station, which holds second place as the busiest metro station and has a passenger traffic of 17 million people per year. 


The closest markets to our country have always been interesting from the geographical point of view for Ukrainian retailers and developers. In January-August 2018, according to Belstat, Belarus' retail trade experienced growth by 9.4% comparatively to the level of January-August 2017 and amounted to 28.8 billion rubles. Moreover, the country's GDP increased by 3.7% and amounted to 77.4 billion rubles.


Within the retail real estate exhibition, Retail Days Istanbul 2018, exclusive representative of which in Ukraine and Belarus is the UTG company, Ferzan Ozpetek will share its experience and ideas of communication with customers through video.


On September 22, at the Ocean Plaza mall, the grand opening of the legendary English brand boutique, Ted Baker took place. A spacious store with an area of more than 155 m2 opened on the first floor of a popular mall. Ukraine first met Ted Baker in February 2018, opening its corner. Feeling huge potential and interest to the brand, Ted Baker decided to continue an active development in Ukraine opening its stores. The leasing agreement was signed with the assistance of UTG.


Merging and acquisitions (M & A) have significant importance for business development. As the across-magazine writes, currently there are many M & A deals in the world. In particular, in September this year it became known about the merging of one of the oldest, in the world, trade corporations HBS with Signa Holding GmbH (SIGNA), it is the largest private European company owning commercial real estate. As a result of the merger, a new company SIGNA Retail was established, the strategic goal of which is to create a leading retailer in the digital age. In particular, within the merger, the two largest German chains of department stores Galeria Kaufhof GmbH and Karstadt Warenhaus GmbH will be integrated to create a stronger retail company.