LEADING THE INDUSTRY
2016 was a record year for
SES Spar European Shopping Centers
SES is growing well above the industry average. In fiscal 2016, the retailers in our 30 shopping locations generated gross sales revenue of €2.85 billion. That represents an increase of 6% compared to 2015. The increase is primarily due to higher productivity per unit area, because the leasable area rose by just 1.2% in 2016, from 800,000 to 810,000 square meters. SES also manages shopping malls for third parties alongside its own centers. Examples include Signa, Deka, Unicredit, and Allianz. SES is active in six countries, but its 19 “red-white-red” centers are a particular growth driver: SES recorded a sales increase of 8% in its home market of Austria. A subsidiary of SPAR Austria Group, SES celebrates its 10-year anniversary in 2017.