ACROSS | The European Retail Real Estate Magazine

Ticker

HB Reavis set to begin work on Stanica NIVY a new supra regional shopping destination for Bratislava

HB Reavis has received the green light to start work this summer on Stanica NIVY, a new supra regional shopping destination and international bus station in Bratislava, after successfully gaining construction consent.

Ticker

EXPLORING RETAIL 2017, JUNE 26-27, HAMBURG, GERMANY

CREATING NEW IN-STORE REALITIES is the slogan at the Exploring Retail conference in Hamburg.

Ticker

Trinity Leeds strengthens award-winning leisure offer with two ‘firsts’

Trinity Leeds, Land Securities’ award-winning retail destination, welcomes three new F&B brands to the centre - Côte Brasserie, first to Leeds Comptoir Libanais, and first for the North of England Jamaica Blue - bolstering its celebrated leisure offer.

Topics
Opinion

Uplace Brussels’s Long Road to Building Permission

Commentary by Jan Van Lancker, CEO of Uplace.

Events

EXPLORING RETAIL 2017, JUNE 26-27, HAMBURG, GERMANY

CREATING NEW IN-STORE REALITIES is the slogan at the Exploring Retail conference in Hamburg.

Development

The Mall of Switzerland presents leisure for children – Opening of the largest playworld in Switzerland

The Mall of Switzerland combines attractive shopping and pure recreational fun. The children’s playworld is being created at the heart of the leisure offer, which has been specially developed for the mall. It is based on Swiss themes and will fire the enthusiasm of young and old alike.

Center Management

IT IS ALL ABOUT PEOPLE…

Foodservice Column by Jonathan Doughty.

Retail

Retail Technology: From ESL to viPOS

Umdasch Shopfitting had a booth at EuroShop, the leading retail trade show in Dusseldorf, once again this year. The topic of digital retail was omnipresent.

Factory Outlets

Everything’s New at Fashion Outlet Parndorf

Parndorf Fashion Outlet, located between Vienna and Bratislava, is undergoing a comprehensive relaunch. A new Art Nouveau style, new roads and entrances, new retail space, and a new center management self-run by the owner should multiply customer frequency.

Investment

Clearly weakened indicators of investment

BNP Parisbas Real Estate recently published “At a glance: UK shopping center & out of town retail market, December 2016.” One of the headlines is that investment volumes fell by around a third compared to 2015 for both the retail warehousing and shopping center markets.

Studies & Reports

The Successful Integration of Food & Beverage into Shopping Centers

In order to provide the retail and leisure industry with guidance and insight to navigate the opportunity posed by F&B, the ICSC commissioned JLL to carry out a global study. It should provide a holistic, 360-degree view of the current landscape, challenges, risks, opportunities, and future outlook for foodservice within the shopping center space.

advertisement
Opinion

Patrick Delcol joins the ACROSS Advisory Board

The ACROSS Advisory Board is happy to announce its latest addition and welcomes Patrick Delcol, the CEO of BNP Paribas Real Estate for CEE since 2013, as its new member.

BY JAMES TURNER

The Rise of People Power

Commentary by James Turner, Group Managing Director of Balmain Asset Management.

BY ROBERTO ZOIA

Southern Italy: a New Gold Nugget

In 2016, the Italian shopping center sector continued the positive trend begun in 2015, with retailers’ sales performing well. This confirms that, after years of crisis, the shopping center format is growing once again.

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

Recruitments, promotions and appointments in the European Retail Real Estate Industry: Atrium European Real Estate, Multi Corporation, Immofinanz, HB Reavis, TriGranit, Commerz Real, BNP Paribas Real Estate, Catella, CBRE Austria, Capital & Regional, Corpus Sireo, Grosvenior, Hines, JLL Germany, Northern Horizon, Strabag PFS, Valad Europe, Echo Polska Properties, and Revo.

BY PAUL KUSMIERZ

Still enormous potential in Poland

Poland has been a free market economy for nearly 30 years and in that time, the retail landscape has been completely transformed. This is perhaps most apparent when it comes to the way we shop.

BY ERIK J. ENGSTRAND

The shopping center business’s “new normal”: Is it security?

Commentary by Erik J. Engstrand, CEO of Safe ShoppingCenters.

Events

ITALIA GRI 2017, JUNE13-14, MILAN, ITALY

A new period of uncertainty for Italy in a European context already destabilized by Brexit and Trump. Is it all bad for the local real estate market?

SHOPTALK EUROPE 2017, OCTOBER 9-11, COPENHAGEN, DENMARK

Shoptalk Europe is the pan-European event for innovation in retail and ecommerce, and covers the evolution of how consumers discover, shop and buy - bringing together over 2,000 innovators, including 250+ world-class speakers, from all of Europe, all ecosystem stakeholders and all industry verticals.

MAPIC ITALY 2017, MAY 16 – 17, MILAN, ITALY

Mapic Italy is complementary to the main annual event held in Cannes each November. Its goal is to focus on all the business opportunities in Italy’s retail real estate market.

ICSC EUROPEAN CONFERENCE 2017, APRIL 24-25, WARSAW, POLAND

Europe’s flagship conference is coming to Warsaw. Two days of fresh insight, cutting-edge trends and unrivalled networking!

19TH EUROPEAN SHOPPING CENTER SYMPOSIUM, APRIL 26-27, VIENNA, AUSTRIA

The European Shopping Center Symposium has Europe's longest tradition among shopping center events. For 18 years and over 350 participants each year, it has been one of the leading think tanks of the retail and retail real estate industry in Europe as well as the most important industry event in Austria.

ULI URBAN LEADER SUMMIT 2017, APRIL 26-27, FRANKFURT, GERMANY

The ULI Urban Leader Summit is the ultimate venue for experts and leaders in German Real Estate. It handles a broad variety of topics such as Real Estate Development, finance and investment.

Development

A Philosophical Temple of Consumption

Cyprus is getting a new shopping center. The Zenon Mall of Larnaca is set to open its doors in October 2019. The name comes from Zeno, the founder of the Stoic school of philosophy.

“In principle, our STOP SHOP concept is suitable for every country”

In an interview with ACROSS, Dietmar Reindl, COO of the listed Austrian company IMMOFINANZ, explained the advantages of retail parks and why an umbrella brand strategy in retail properties is surely worthwhile.

Mipim: Pulling Back the Curtain

Mipim, which takes place in Cannes from March 14 to 19, will once again feature exciting retail real estate developments. Here is a selection of shopping centers and projects with retail components.

Dine and Drink with the Gods

“Wining, Dining, Shopping” is Wein & Co’s unique concept. The Austrian Wine Merchant recently opened its unusual flagship store in the heart of downtown Vienna.

Projects & Openings Europe

Hines has secured leading international fashion retailer Primark as the anchor tenant for its mixed-use development in Berlin.

Projects & Openings International

Designed by Chapman Taylor’s Madrid studio, Mall of Qatar has officially opened its doors to the public after its soft opening on December 10, 2016.

Center Management
Foodservice Column

IT IS ALL ABOUT STOMACHS…

So, we have arrived in 2017, the world is changing again and this year promises to be one of the most “interesting” for a long, long time.

BY GASTÓN GAITÁN

TAKING HOME MORE THAN YOU BOUGHT

So, here we are at the pre-Mapic breakfast. There’s the chat, the stronger-than normal-coffee, and most have ordered an omelet with the inevitable comparison between French and Spanish recipes. But there’s technology on the table and the conversation turns to client appointments and strategy. Then: A last-minute panic fumbling with ID badges and we are inside Mapic.

Bonarka City Center on the trail of Podgórze and the secrets of the City of Kings

Corporate Social Responsibility (CSR) is becoming increasingly attractive and popular as far as marketing and PR activities in the shopping center market are concerned. CRS is usually based on using typical occasions and supporting “ready-made” external initiatives.

FOODSERVICE COLUMN

EATING IN A POST BREXIT WORLD

On June 23, 2016, the people of Britain voted to leave the European Union. More than 30 million people voted, with a much higher than expected turn out, especially in the younger voters.

Cineplexx opened in Serbia and Kosovo

The Austrian market leader has invested €3 million in the construction of the new 5-screen multiplex cinema in the Stop.Shop shopping center in Niš. It also recently celebrated a new opening in Pristina.

Christmasworld’s “Premium” Business Program: New five-day concept, new location

Christmasworld’s “Premium” Business Program, which runs from January 27 to 31 in Frankfurt, has laid on some innovations.

Retail

NEW SHOPPING HABITS REQUIRE NEW RETAIL CONCEPTS

More than half of consumers in some European countries shop both online and offline. For example, German and Dutch omni-channel shoppers are responsible for more than two-thirds of total retail turnover (source: GfK non-food consumer panel).

Balfin Group Brings Spar International to Albania

The €50 million investment was made public at the end of last year.

Digital Retail

How retail technology and increasing digitalization are changing retail and the shopping center industry.

Virtual Reality as an Absolute Reality with a New Christmas Experience

intu is taking leisure experiences in shopping centres to the next level with a multi-player family virtual reality game.

Alexa Berlin: The ‘First Store’ contest finalists have been announced

The professional jury selected the top six of 21 submitted store ideas. The public vote follows in March. The response to the retail competition ‘First Store by Alexa’ exceeded the initiators’ expectations.

“Digitalization is in full swing”

In an interview with ACROSS, Sebastian Baumann, Head of Department ECE Future Labs, speaks about the “Digital Mall” project and how shopping center operators can gain from new technologies.

Factory Outlets

Designer Outlet Roermond in front

Designer Outlet Roermond, located directly on the border with Germany, won multiple prizes in this year’s “Outlet Center Performance Report Europe.”

Building permit for Barbarossa – Hesse’s first downtown outlet center

JOH will be transformed into Barbarossa. The old department store in Gelnhausen will be a modern outlet center by the spring of 2018.

Green light for Mill Green

The development of a new premium outlet shopping destination in the West Midlands moved a step closer as development partners U+I and Rioja Developments confirmed receipt of full planning permission.

NEINVER enters the Czech market – Partnered with The Prague Outlet

Neinver is continuing its growth in Europe by entering the Czech market, the eighth country in which the company has a presence. The company has partnered with The Prague Outlet to forge a joint venture launching Prague The Style Outlets, the first premium outlet center in the Czech Republic.

ENTERING A NEW GENERATION

Neinver is currently the only outlet operator offering an omni-channel B2B2C business model.

“Special Skills in Demand”

In November 2008, immediately after the bankruptcy of the US investment bank Lehman Brothers, two Austrian investors, Thomas Seikmann and Manfred Schlager, opened Croatia’s first outlet center: Roses Designer Outlet in Zagreb. After years in a difficult market environment, they have managed to establish the retail property firmly in the market.

Investment

Investors Increasingly Focusing on Retail Parks

Investment in German retail properties is declining. The transaction volume is increasing significantly only in retail parks. Retail parks currently offer good investment opportunities in the UK as well.

Retail Asset Management as a Holistic Approach

According to Stephan Austrup, Head of Retail in Germany at TH Real Estate, omni-channeling and digitalization are key drivers of change. In all acquisitions and in business plans for existing portfolios, he therefore considers the impact of this change on retail formats, retailers’ required floor plans, and whether the property provides the necessary layout flexibility.

“Emotions can of course arise toward a building”

TriGranit recently sold Bonarka City Center (BCC). CEO Árpád Török spoke with ACROSS, among other things, about a very eventful 2016.

Glasgow is dominated by global brands

The Scottish city has witnessed the highest number of new restaurant openings in the United Kingdom outside London. Anne Murray, Group Manager Inward Investment at InvestGlasgow, is helping retailers to use this to counter competition from the internet.

„Glasgow will be targeted“

In this interview with ACROSS, Anne Murray from InvestGlasgow and Stephen Bibby from Cushman & Wakefield explain the Scottish city’s investment opportunities.

“Investors want to benefit from specialist sector knowledge”

Shopping center investors have manifold expectations of their asset managers. Steffen Hofmann, Founder and CEO of iMallinvest Europe, knows all the specifics from his daily work.

Studies & Reports

22 Centers Identified as Prime Examples of the Growing Trend of Retail Placemaking

Effective retail places use leisure, technology, and planning to lure shoppers, who now want shopping to be both functional and social.

eCommerce in Germany: Highly Variable Regional Potential for Product Lines

The distribution of online potential for product groups such as food, clothing, consumer electronics and DIY items differs substantially from region to region. Recently GfK published its findings in the first-ever study on regional online potential for 17 product groups in Germany.

BREXIT

How the United Kingdom’s exit from the European Union will affect the British shopping center industry.

Prime rental rates in Bulgaria remain steady

Colliers recently published a “Retail Market Overview” of the first half of 2016 in Bulgaria. It indicates that the market will undergo sustainable development, with decreasing levels of supply and stable demand until the end of the year.

Development of Retail Parks Accelerates throughout Europe

According to a recent report by Cushman & Wakefield, the sales area of European retail parks will increase by 50% more in 2016 than in the previous year. This growth is due mainly to developments in France, Italy, and the UK.

CITY REPORT

Glasgow: the Shopaholic’s Paradise

In an interview with ACROSS, Frank McAveety, Leader of Glasgow City Council, explains how the City Center Strategy protects and progresses the retail offer.