About

Nordic Council of Shopping Centers (NCSC) is the organization representing the Shopping Center industry in the Nordic market. Founded in 1985, NCSC today has approximately 1 200 members mainly from Denmark, Finland, Norway and Sweden plus Iceland, Latvia and UK. The list of members include a wide variety of interest groups, ranging from real estate companies, bankers, investors, center managers, retailers, service industries, trade associations and city planners, to government and municipal authorities.

The NCSC Board consists of 9 elected members, 2 permanent plus 2 substitutes from each major country. The full board meets twice a year, including the annual general meeting. The national Committee in accordance to activity load. If you are interested to be a part of the board driving the organisation forward and maybe work with some special topics or activities that you think is important for the Nordic Shopping association, please contact the Nomination Committee to show your interest.

Fredrik Kolterjahn
Chairman NCSC

NCSC works for a continuous development of the Nordic shopping center business as an integrated part of society. Professionalism gives the business high status. Nordic Council of Shopping Centers brings together all the different interest groups involved in shopping centers and creates a neutral ground for professional discussions. Through promoting an increased cooperation between the investors, landlords, tenants, public authorities and politicians, NCSC furthers the establishing and developing of both attractive and well functioning shopping centers in all member countries.

Conferences, study tours and education
Every year NCSC holds two major Nordic conferences on different topics relevant to the shopping center industry. On top of that, each member country has national meetings on topics of more regional character. There is also a yearly study tour for inspiration and updating on what is happening in our business abroad. NCSC offers a Business Diploma Program and single courses for the Nordic market. This program is a truly pan-Nordic cooperation with the four prestigious universities; KTH Royal Institute of Technology in Stockholm, CBS Copenhagen Business School, NHH Norwegian School of Economics in Bergen and Aalto University in Helsinki.

Benchmarking and information
An important channel for exchange of experience, NCSC also brings about personal contacts between Nordic and international colleagues and counterparts. With the mother-organization ICSC, The International Council of Shopping Centers, NCSC works as an intermediary to the worldwide network spanning over some 60.000 members in various National Councils throughout the world.

Language
The common language for NCSC is  English. Our Nordic events and activities are held in English. The national events are held in the language of each country.

The combined size and maturity of the Nordic shopping center industry is maybe surprising to some. In fact, the first purposely built enclosed shopping center in the world is not to be found in the USA. It is instead Shopping that opened October 1955 in the small town of Luleå in the very north of Sweden. And the developments have continued ever since so the region has the highest shopping center density in Europe.

The Scandinavian Shopping Center Industry in Brief
The four countries Denmark, Finland, Norway and Sweden cover an area of 1.155.145 square kilometers. Total population amounts to 25,6 million people with an average PPS – Eurostat GDP per capita in Purchasing Power Standards – of 141 when EU average is 100. GDP growth forecast for the four countries in 2013 average 1,3%, whereas the Eurozone average is -0,4. Retail turnover growth for 2012 averaged 2,5% where EU average was -2,2%. The Scandinavians still spend around € 1800 per person a year in a shopping center alone. The area comprises of 768 centers with a minimum of 5000 square meters of GLA.

Shopping center definitions vary some in between the countries. Finland only counts enclosed centers and the anchor cannot be larger than maximum 50% of the total GLA. Office space and storage often included. Denmark and Norway often include common area in their GLA and Norway sometimes includes parking constructions. Sweden has a large number of retail parks or hybrid centers included in the numbers above, but no common areas, parking or offices. Shop-in-store department stores are included except for in Finland.

Real Estate owners and management companies
Many shopping center owners are pan-Nordic. Citycon Oyj, has 39 centers covering 700.000 m2 of GLA in FIN, SE & DK plus 90.000 m2 in EST, LIT. Steen & Strøm ASA has 30 centers covering 835.000 m2 GLA in DK, NO and SE, plus 272.400 in management in DK. Olav Thon has 21 centers in NO and SE covering 644.000 m2. Unibail-Rodamco has 9 centers covering 366.200 m2 in SE, FI, DK. Olav Thon is also part owner of Amfi Eiendom AS who has 26 fully owned and 4 part owned centers in Norway, plus 42 more in management. Sektor Eiendom has 32 centers in management whereof some 20 owned. Steen & Ström, KF Fastigheter, Atrium Ljungberg and Diligentia are the largest owners in Sweden. Danica and Dades are largest Danish owners. Citycon Oyj is the largest in Finland. Largest management companies are Amfi, Steen & Strøm, Sektor Eiendomsforvaltning, Newsec, and Aberdeen Property Investors.

Retail
The economic crises 2008-10 left Scandinavian retail fairly untouched, with only Denmark showing a real drop in 2009. For 2010 all four countries had a positive growth and average for 2012 was +2,5%. Finland, however, seems to have come to a halt after a strong start 2013. Sweden and Norway have about 1,5% growth so far and Denmark again in the red. Retail sales in shopping centers have a slightly stronger growth than retail as a whole. Much of the stores in the centers belong to strong Scandinavian chains working all four countries. Multinational brands from Scandinavia are of course H&M and IKEA, but also Acne, Filippa K, Gina Tricot, Hope, Indiska, KappAhl, J. Lindeberg, Lindex, MQ, Nudie Jeans, Odd Molly, Wesc, Weekday and Monki (all fashion) plus Clas Ohlson (electronics, household etc) from Sweden. From Norway is Varner Group with brands like Dressman, Carlings, BikBok, Volt etc (fashion) plus Narvesen (multi retail). In Wear, Bestseller/Vero Moda, IC Companys and Red & Green (all fashion) are from Denmark and Asko (furniture), K-Rauta (DIY) and Marimekko (design & fashion) are from Finland.

Above facts and figures are from year 2012/2013

Fredrik Kolterjahn
Associate Director, Head of Research, JLL
Chairman

Denmark

Annett Noren Beckert
Leasing Manager, DEAS AS

Helle Korndal
Senior Commercial Manager, Unibail Rodamco

Substitute Board Members:
(Will be updated shortly)

Finland

Jussi Vyyryläinen
Leasing Director, Citycon Oyj

Terhi Okkonen
Director of Business Operations, Classic Pizza Restaurant

Substitute Board Members:
Juha Tiuraniemi, Vice President, Realprojekti Oy
Terhi Sell, Managing Partner, Prometheus partners

Norway

Rolf O. Svendsen
Director, E.C. Dahls Eiendom AS

Trond Herberg
Commercial Director, Citycon Norge

Substitute Board Members:
Johan Storvik, Marketing / Development Director,Euro Sko Norge AS
Tonje Holm-Fischer, Marketing Director, Obos Forretningsbygg

Sweden

Christoffer Lind
Head of Shopping Center Management Nordic,
Unibail-Rodamco

Annika Schönefeld
Leasing Manager, ICA Fastigheter

Substitute Board Members:
Magnus Björklund, Establish Manager, ICA Gruppen
Malin Reynold, Establisher,Lindex

The Nomination Committee is your point of contact and your channel to make your voice heard. Every year 8-10 members are nominated to the NCSC Board. That means that 2 seats on the board in every country are subject to election. In addition, there are several opportunities to contribute in the Boards sub-committees, Research, Marketing, Sponsoring, Activities and other.

The Nomination Committee depends on the member’s proposals and contacts. So, nominate persons that you would like to see on the board in the future – or nominate yourself – by giving a short summary on what the candidate can contribute to the Board.

The Nomination Committee will assess all proposals and contact the interested candidates. The Committee will then decide on candidates to be nominated and presented at the Annual General Meeting.

You are welcome to contact us for more information!

Nomination Committee 2017 – 2018

Denmark:
Finn Sture Madsen (Country Chairman)

Finland:
Tuire Nyberg (Country Chairman)

Norway:
Lise Lind (Country Chairman)

Sweden:
Ulf Attebrant (Chairman of the Nomination Committee)