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Good year for SES with one Slovenian mall under development

Alex Hayes 07 March 2018

Alex Hayes

Journalist

+48 22 356 25 20
alex.hayes@eurobuildcee.com

Alexander Hayes is currently working as a journalist for Eurobuild Central & Eastern Europe magazine. Originally from the UK, he moved to Poland in 1995 and has been working in real estate for over four years. He has a BA in english literature from the University of Buckingham.

Good year for SES with one Slovenian mall under development
The new mall in Ljubljana will have s asports field on the roof
EUROPE SES Spar European Shopping Centers has reported its results for 2017. Retailers in the companies 29 locations across five countries generated gross sales of EUR 2.88 bln, up by 3 pct 2016.

The company also began construction of a 32,000 sqm district shopping centre in Ljubljana-Šiška, Slovenia. Work started on the concrete and brickwork in January 2018. One of the innovative highlights will be a green area on the roof for sports and leisure-time activities. The centre is scheduled to open in 2019 after an investment of EUR 150 mln with the creation of 700 jobs.

In 2017 Retailers generated increased sales of 3.7 pct in the ten SES locations outside Austria. In Slovenia, where SES is the market leader with four centres, sales increased by 2.5 pct. In Hungary there was an increase of 9 pct and in the Czech Republic sales increased by 2.3 pct. In Croatia, a market which the company entered through the takeover of Ipercoop SES has begun preparation work for a number of malls.

In Hungary the company is only present as a retail property manager. The company lost its contract for Europark Budapest, which is now under the management of its owners. “Although there were three shopping days fewer than the previous year, our retail partners managed to generate a remarkable sales increase,” says Marcus Wild, the CEO of SES Spar European Shopping Centers


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