ACROSS | The European Retail Real Estate Magazine

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Warburg-HIH Invest acquires a portfolio of five local convenience centres

Warburg-HIH Invest has acquired a portfolio of five local convenience centres with a gross lettable area of around 43,000 sq m for its “Perspektive Einzelhandel: Fokus Nahversorgung” investment fund.

Ticker

MICROSOFT AND M&S LAUNCH STRATEGIC PARTNERSHIP

Partnership will investigate and test the capabilities of technology and artificial intelligence in a retail environment.

Ticker

LAGO shopping centre wins German Brand Award

The LAGO shopping centre, which is managed by Prelios Immobilien Management and is part of Union Investment’s open-ended property fund “UniImmo: Global”, took home the German Brand Award in the category “Trade, Retail and e-Commerce” once again in 2018.

Topics
Opinion

Investing in the future

For many years, shopping centers have constituted a popular and successful asset class that – provided the assets have been well managed – have offered stable returns and high value stability.

Events

Revo Manchester 2018, September 18 – 20, Manchester, United Kingdom

Revo Manchester 2018 is a conference and exhibition that offers opportunities to connect and do business with approximately 2,500 experts from the diverse retail property and placemaking community.

Development

Innovation and tradition combined in one quarter

Unibail-Rodamco is developing the southern Überseequartier, an integrated district of HafenCity within Hamburg.

Center Management

Delightfully epicurean Portugal

Food services and drinks represent more than 70% of retail investment in this southern European country.

Retail

House of Fraser closes 31 stores

The department store chain, which was founded in 1849 in Scotland’s Glasgow, is in serious financial trouble.

Factory Outlets

OUTLETS GAIN GROUND IN THE EXPERIENCE GAME

In the 1980s, the retail format of designer outlets arrived in Europe. Now, the time for expansions and refurbishments, with a focus on food & beverage and leisure, has come.

Investment

Adjustment in pricing levels expected

According to Adam Pearce, Managing Partner at Kintyre, the currently inflated investment market for retail assets is not substantiated by the underlying trading environment for traditional brick-and-mortar retailers.

Studies & Reports

EUROPEAN RETAIL IN 2018 | FREE DOWNLOAD

GfK study on key retail indicators: 2017 review and 2018 forecast.

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Opinion
BY WALTER SEIB

Understanding what our guests really want

Those who want to exploit successful Food & Beverage (F&B) locations at high traffic locations would do well to immerse themselves in the needs of the guests. This statement may seem obvious, but it’s really not that simple.

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

Recruitments, promotions and appointments in the European Retail Real Estate Industry.

BY BILL KISTLER

Reimagining department stores in Europe

Department stores are a key part of the retail mix in Europe. With bleak news about the sector blowing across the Atlantic, we thought it was time to take a close look at just how things were faring here in Europe. ICSC’s research has uncovered both shared challenges and fundamental differences.

BY BART VINK

Placemaking is not a blueprint business

With the advent of e-commerce, stores are being used by retailers to differentiate themselves from e-commerce platforms, providing shopping experiences that cannot be reproduced at home.

BY ARN WILLEMS

RENOWNED GLOBAL FASHION BRANDS NO LONGER GUARANTEE SUCCESS

Until recently, securing a renowned global fashion brand as a shopping mall anchor was often considered a guarantee for success. This was particularly the case in CEE, where many such retailers were just beginning to enter the market.

BY JOHN AMRAM

Whoever wants to get out, should do so!

In the words of the ancient Greek philosopher Heraclitus, “The only constant is change.” Applied in more modern terms: Only one who remains flexible and adapts his or her decisions to the constant change, can achieve ideal results in the long term. This is also true for participants in the German real estate sector.

Events

5th German Factory-Outlet Congress, November 29 – 30, 2018 Leipzig, Germany

Labels love factory outlets and they are in increasingly high demand among investors and banks.

68TH INTERNATIONAL RETAIL SUMMIT, 6 – 7 SEPTEMBER 2018, ZURICH, SWITZERLAND

The two-day event will take place on 6 – 7 September at the GDI Gottlieb Duttweiler Institute in Rüschlikon, Zurich.

UK to have own pavilion ​and programme at MAPIC 2018

The organisers of MAPIC 2018 in November confirm that this year’s event will feature a full programme and pavilion dedicated to the UK.

68TH INTERNATIONAL RETAIL SUMMIT, 6 – 7 SEPTEMBER 2018, ZURICH, SWITZERLAND

The two-day event will take place on 6 – 7 September at the GDI Gottlieb Duttweiler Institute in Rüschlikon, Zurich.

COMPLETELY RETAIL MARKETPLACE CENTRAL AND EASTERN EUROPE, OCTOBER 17, 2018 IN PRAGUE

The award-winning Marketplace format will be heading to Prague in October for the inaugural event focusing on the Central and Eastern retail property market.

ICSC European Retail Property Academy July 2 – 4, 2018 Amsterdam, Netherlands

The ICSC European Retail Property Academy will be held at the Movenpick Hotel Amsterdam City Centre from July 2 to 4, 2018.

Development

SES continues to expand in Slovenia

ACROSS speaks with Marcus Wild, CEO of SES Spar European Shopping Centers, about the company's recipe for success and how Slovenia’s market leader intends to consolidate its position there.

Westfield London becomes the largest mall in Europe

Commerz Real and Westfield Corporation are investing around £600 million into the expansion. When completed, the shopping center will comprise approximately 241,500 sq m.

“Our Russian portfolio has already withstood many crises”

Atrium's focus is on Poland, where banning Sunday trading has been planned. CEO Liad Barzilai and COO Scott Dwyer are relaxed about this issue. And they are satisfied with their Russian portfolio.

Projects & Openings Europe

FRANCE: The new Prado opened in Marseille – UNITED KINGDOM: Axiom shopping and entertainment development in West Yorkshire – BELGIUM: Les Bastions in Tournai opened its doors to the public. – GERMANY: Hansa Center – POLAND: Janki – AUSTRIA: Murpark – SERBIA: Stop Shop Požarevac and Vršac – UKRAINE Rive Gauche.

Why Nicosia Mall Is Flying High

The warm Cypriot sun is shining brightly on the Mediterranean island’s ambitious shopping, leisure, and dining development – Nicosia Mall – which will open its doors to visitors in November of this year.

PROJECTS & OPENINGS INTERNATIONAL

New Zealand – Sylvia Park | United Arab Emirates – Aljada | Canada – McArthurGlen Designer Outlet Vancouver Airport

Center Management

Starting a new life with a new name

The “Freeport Outlets” have become “Affinity Outlets”, “Puerto Venecia” is now called “intu Puerto Venecia”. These are just two current examples that show that retail properties are regularly rebranding themselves.

Developers continue to push pop-up spaces

With these spaces, they give online brands the opportunity to launch a test balloon and find their footing in stationary retail. But also car companies like Tesla and Volvo work with this retail format.

Riding the wave

Indoor surfing and shopping seem to be perfectly suited to one another.

Trampolines are coming

Shopping without leisure is about to become a thing of the past. But how do visitors want to entertain themselves? The increasingly frequent answer is jumping and bouncing, apparently.

MK ILLUMINATION SPECIAL

MK Illumination Special: Enlightening Your Vision

With today’s consumer looking for the 'experience', shopping centers can tap into emotions through attractive lighting displays and decorations that tell stories and actively engage them.

On the rooftop

The world's first modular hotel on top of a shopping center is built in Berlin.

Retail

“Digitization is changing our understanding of shopping”

According to Bernd Albl, Managing Director Digital Retail at Umdasch, at the end of the day, consumers no longer distinguish between online and in-store shopping. Seamless Shopping is the keyword.

Ikea finds its way into the city

The Swedish furniture giant may still be in the planning stage for this project, but worldwide first Ikea city-location at Vienna’s Western Train Station is already beginning to take shape.

Bosch’s First Monolabel Store in Europe Opened

Umdasch was responsible for concept, planning, general contracting, shopfitting and digital retail.

BY MORITZ FELIX LÜCK

About the space-relatedness of the spaceless

The meaning and impact of digitization on retail parks in five core theses.

An award for “First Store by Alexa”

The winners of this year’s “Real Estate Marketing Award 2017” were again honored at the international real estate fair Expo Real in Munich. The winners in the “retail” category are Union Investment Real Estate/Sonae Sierra/21Media for their “First Store by Alexa,” a new competition concept for innovative store ideas.

Opening of the BWT Flagship Store in Moscow

BWT, Europe’s leading company for water technology, with headquarters in Austria, entrusted Umdasch Shopfitting with the design of its first bricks-and-mortar brand world.

Factory Outlets

Expansion in Ashford – Completion scheduled for fall 2019

The beginning of construction on the £90 million expansion of McArthurGlen Designer Outlet Ashford was officially celebrated at the end of March 2018.

Figures are up for Fashion House Outlet Centre Bucharest

Fashion House Group, part of the Liebrecht & wooD Group, registered its best results in the last seven years for Fashion House Outlet Centre Bucharest.

Targeting Scandinavian and international brands

Billund Designer Outlet is relaunched.

Outlet segment performs better than the general retail sector

McArthurGlen celebrates the 20th anniversary of its outlet center in Parndorf, Burgenland (Austria). Generally, the company focuses on a comprehensive entertainment experience.

6B47 builds Outlet Center Silesia in Gliwice

The opening of the outlet center’s 120 shops on a total area of 20,000 sq m is scheduled for the first quarter of 2019.

Prague The Style Outlets unveils first brands

Prague The Style Outlets announced some of the top brands that will operate in Prague’s flagship outlet centre.

Investment

One transaction quickly follows the next

The European retail real estate industry was on a particularly intensive shopping spree over the last days and weeks.

Takeover-wave in the international shopping center industry

Hammerson, the British real estate group, rejected yet another takeover offer by the French Klépierre Group, as the industry in general seems to be particularly interested in mergers right now.

In times of disruptive markets, institutional real estate investors want to make sure that they are betting on the right horse

An exclusive ACROSS interview with Steffen Hofmann and Klaus Mennickheim, Managing Partners of iMallinvest Europe GmbH.

The new Union Investment Global Retail Attractiveness Index (GRAI)

The new Union Investment Global Retail Attractiveness Index (GRAI)

Retail: Nuanced investment approach in a global upturn.

BY DIRK K. WOLLWEBER

„Valuation is as much an art form as it is a science”

The challenges of valuating retail properties.

German Council of Shopping Centers, Forum Asset Management

Industry peers discussing latest market trends and tackling challenges with confidence.

Studies & Reports
COUNTRY REPORT

New investors expected in Romania

Liviu Tudor outlines two current areas of focus for retail developments in the CEE-country: the construction of retail parks in small cities and the extension of existing commercial areas in larger cities.

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

Recruitments, promotions and appointments in the European Retail Real Estate Industry.

COUNTRY REPORT

Switzerland: Revitalization boom approaching

According to the current "Shopping Centre Market Report Switzerland 2018", the country's malls have an average age of 30. A number of refurbishments are pending. But that alone will not be sufficient for future market success.

Development Slows, but Pipeline Remains Strong

The latest European Shopping Centers report by Cushman & Wakefield shows that shopping center development activity in the first half of 2017 increased total floor space across Europe to 160.8 million sq m at the midpoint of the year.

Retail Investing in Energy Efficiency

A recent EHI study analyzed energy optimization measures in the retail sector.

Size Does Matter

The drafters of the Savills Global Luxury Retail Report have discovered that luxury retailers are currently focusing on top locations.