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Macy’s to anchor international shopping center Macy’s will anchor a new shopping center in Abu Dhabi that will be three times the size of the Kenwood Towne Centre i- making it the first Macy’s store.
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(While shopping plazas are doing well, consumers are increasingly turning away from enclosed retail centers.) Moody’s said it recognizes that Destiny is a regional “super mall” with limited direct.
Place Versailles in Montreal, Que. Les Carrefours Rimouski in Rimouski, Que. Aurora Centre in Aurora, ON. Sudbury Super Mall in Sudbury, ON. Grant Park Shopping Centre in Winnipeg, MB.
Evidence of the impact is seen in a report out this month showing shopping mall vacancies hit an 11-year high in the third quarter. Commercial real estate research firm Reis finds regional and super.
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Shopping centre owner Hammerson. Ms Willmott said she expected the enlarged group to "prioritise" supermall development. "As clothing and footwear retailers focus on super-malls to create.
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Westfield, the australian-listed shopping centre giant controlled by the famous Lowy family, expects the shops at the new location to generate more than $US1 billion a year in sales once fully.
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“Generally [the central souq] was where everyone used to be before proper shopping malls existed. “It’s Abu Dhabi’s first regional super mall and it’s going to have everything that you need,’ said.