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Unibail-Rodamco-Westfield continues to push for qualitative optimisation of its portfolio in Germany in 2020 With NordWestZentrum in Frankfurt, Breunigerland Sindelfingen and Breuningerland Ludwigsburg, Unibail-Rodamco-Westfield (URW) secured three ...

Unibail-Rodamco-Westfield continues to push for qualitative optimisation of its portfolio in Germany in 2020

With NordWestZentrum in Frankfurt, Breunigerland Sindelfingen and Breuningerland Ludwigsburg, Unibail-Rodamco-Westfield (URW) secured three important asset management mandates in 2019, thereby strengthening its portfolio in Germany. In addition, the real estate developer and operator completed major modernisation projects in Schönhauser Allee Arcaden in Berlin and Centro in Oberhausen and reached important milestones in Westfield Hamburg-Überseequartier development project. In 2020, URW intends to continue to strategically develop its portfolio and focus on urban district development and the expansion of digital infrastructures.

Inditex is donating €8.5 million to Caritas to support social employment and circular economy initiatives in Spain

On the social employment front, the programme has already enabled more than 2,500 people at risk of social exclusion in Spain to find work thanks to the €11.5 million earmarked to this project by Inditex since 2011.

New Group Managing Director for SevenCapital

Leading UK property investment and development company SevenCapital has appointed Damien Siviter in a newly formed position of Group Managing Director.

Landsec announces 139,900 sq ft of deals across its retail portfolio

Landsec has signed deals with 25 brands totaling 139,900 sq ft across its retail destinations. From September 2019, retailers joining Landsec schemes include Decathlon, Zara and Radley.

Debenhams appoints Abigail Comber as Chief Marketing Officer

Debenhams announces that Abigail Comber is joining the Group on 7 January 2020 as Chief Marketing Officer (CMO).

Newsec Property Asset Management Hires COO with solid Industry Background

Over the past years, Newsec Property Asset Management has grown rapidly mainly through acquisitions. This growth journey is expected to continue and Newsec therefore hires Rikard Nyhrén as Chief Operating Officer, COO.

Unibail-Rodamco-Westfield unveiled the ‘Westfield How We Shop: The Next Decade’ Report

The report explores how consumers across Europe will be shopping by 2029.

Events
Opinion MORE

2020 in Cinema: Movies at Their Best

“Digital signage should not begin in cinema foyers. It must be an integral part of the entire information and marketing presence of all malls.”

20 + 20 = 40 – Millennials Dominate

“Retail schemes must offer all alternatives, pedestrian paths, bicycle lanes and shelters, bus stops, metro stations, if applicable, and taxis (booths). Barriers and fences should be removed.”

Key trends for the retail real estate industry in 2020

“Co-working spaces, medical centers and kindergartens will also increasingly find their ways into malls, thereby shaking up tenant mixes.”

An Initial Review of the Retuna Shopping and Upcycling Park

“In July 2019, Retuna recorded its highest turnover. That proves that our concept works and that we can be role models for future retail.”

How Active Asset Management Boosts Footfall and Spending

“Another factor not to be underestimated in terms of quality of stay are the restrooms, whose cleanliness many visitors regard as a litmus test for the general condition of a shopping center – just like they would in a hotel room.”

Outlet Centers Weather the Storm

“Outlet strategies that blend a hybrid occupier mix with a focus on leisure boost dwell time and engage local communities.”

Development MORE

Projects & Openings Europe

October 17, 2019 marked the opening of YIT’s major project, which is comprised of Mall of Tripla +++ Commercial center Promenada Sibiu, owned by investment fund Nepi Rockcastle, opened its doors on November 14, 2019 +++ On November 28, 2019, Klépierre inaugurated the extension of Créteil Soleil in Créteil in the Ile-de-France region +++ Hamburg’s redos Group and Münster’s project developer HLG recently submitted their first building application for the revitalization of the Rhein-Ruhr Zentrum (RRZ) in Mühlheim an der Ruhr +++ At the end of October 2019, Immobiliare Grande Distribuzione SIIQ S.p.A. (IGD) opened a restyled mall in the Casilino in Rome

Moscow’s new playground

Dream Island will be Russia's first, and Europe’s largest, indoor theme park, with the first phase scheduled to open in the first quarter of 2020. Architects Chapman Taylor developed the masterplan for this project.

Taking a look at Germany’s first urban outlet center

The third construction stage of designer outlets Wolfsburg was completed in October 2018. This shopping destination serves all those who work nearby, all visiting for the day, and everyone who just wants to enjoy a meal in a lively atmosphere with additional restaurant options like “Frittenwerk” or “Dean and David”.

Joining Forces on a Project in Krakow

Cracovia Outlet is set to become the only new fashion and lifestyle center in the Polish city. Peakside Capital and the KG Group have recently reached an agreement on this matter. ROS Retail Outlet Shopping has been appointed as the management company.

A Quick Tour of France’s First Shopping Center

Altarea Cogedim’s Cap3000, which is located in the vicinity of Nice, is celebrating its 50th anniversary. The center has recently been expanded by 70,000 sq m, and a high-end area featuring 30 premium and luxury shops is due to open in 2020.

Projects & Openings Europe

Multi Corporation and Linstow Center Management - new enlarged Alfa in Riga opened its doors. +++ Intu has been awarded a General “PGOU” License (Plan General de Ordenación Urbana) for its ground-up development intu Costa del Sol. +++ Flair shopping center in Fürth, Germany - Chapman Taylor was appointed to develop a new concept for the refurbishment and extension of the old “City Center” shopping center.

Management MORE

People in the European Retail Real Estate Industry

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

Outlook 2020

The retail real estate industry is looking toward 2020 with cautious optimism. Uncertainties remain, however.

E-Mobility and Retail Real Estate – A New Match Made in Heaven?

The opportunities offered by e-charging infrastructure encompass a wider range of aspects than one might think.

Marketing during the Construction Phase: Seeing a Challenge as an Opportunity

Union Investment, owner of Hamburg’s Quarree Wandsbek, is investing roughly 40 million euros in the refurbishment of the mall. Extensive construction work is scheduled to be completed by the end of 2020, which, inevitably, will have an impact on ongoing operations. What types of marketing measures can be used to counteract the possible drop in footfall and the corresponding drop in turnover? Center Manager Frank Klüter, from Sierra Germany GmbH, and Britta Finke, from lead agency 21Media, explain the situation.

The Power of Greenery in Malls

After quite a difficult time in Europe, when the main objective of the managers of most shopping centers was to try to sell every square meter of commercial space to tenants, including areas within shopping arcades, things are, in my opinion, back on track – the green track.

Boring Remains Sexy

Five Theses on the Potential of Retail Parks in Germany

Investment MORE

Upgrading the existing portfolio

Ingka Centres’ €7.3 billion investment to transform its business remains on track – with particular emphasis on sustainability and innovation.

Investment News

Allianz Real Estate Refinances a 300-million-euro Acquisition +++ Investment in Hallplatz-Galerie in Zweibrücken +++ Investika purchased Galerie Butovice

“Shopping center yields have reached levels of 6.75 to 7.25% in Bucharest”

The most active real estate investors in Romania came from Europe – up until 10 years ago. Today, investors from South Africa and Singapore play a vital role, says Liviu Tudor, Founder and President of the Romanian Association of Building Owners (Rabo).

Union Investment Special: Retail Parks

Hidden Stars: Why retail parks become increasingly popular among investors, developers, and customers.

“We see ourselves as an active asset manager”

Union Investment currently counts 13 retail parks in its portfolio. Henrike Waldburg, Head of Investment Management Retail, and Roman Müller, Investment Manager Retail, explain how they manage their performance.

Retail Parks in Germany and Austria

Selected projects from the portfolio of Union Investment.

Retail MORE

Bringing Local Flavors to the Plate

The perks of traveling: enjoying the tastes of your holiday destination, and, upon return, devouring your favorite dishes from home at the airport. HMSHost International currently operates in 19 countries around the globe. Although our company has an international scope, we have never lost sight of local culture and cuisine, which has allowed us to think globally and act locally. As a result, alongside leading international brands, local concepts and restaurants can be found at the airports, shopping centers, and train stations in which we operate.

Retail News

Premiere in Bratislava +++ Cano in Singen–90 percent leased already +++ Distrikt Nørrebro to open flagship store in Forum Rotterdam +++ Online retail is on the rise internationally

New impulses for the “customer journey”

From January 24 to 28, 2020, Christmasworld is focusing its product range on the success factor customer-experience at the point of sale. Together with the Institute for Retail Research in Cologne, the Retail Boulevard (BLVD) 2020 will focus on the 'customer journey' by illustrating the steps towards the purchasing impulse and good customer relationships in different stores.

Barcelona Cruise Port Terminals A & B Redesigned

After the opening of several Duty Frees at various airports worldwide, umdasch has expanded its reach to more cruise ports via Barcelona Cruise Port Terminals A & B. Work on the redesign has recently been completed.

News from Harrods Dining Hall

umdasch has unveiled the next phase of the Knightsbridge store renovation.

Online Retail or Stationary Retail: Neither One Can Live without the Other

When considering the future of retail, it often seems that there will only be one relevant market place: the Internet. Will online retailers really replace stationary retailers? Let’s take a look at current developments, with physical retailers who have focused on growing their businesses online now shifting back to growing their stationary presence. One might ask why. The reason is very simple: retailers, particularly those in the fashion industry, need to satisfy their customers’ demand for experience as well as convenience and choice, and that can best be delivered in a physical space. By Katharina von Schacky

Proptech MORE

Westfield London Launched the First AI-Powered Store

“The Trending Store” tracked more than 400,000 early adopters and innovators from 150 countries and 1,000 cities from across the globe in an effort to identify the next big trends. Garments and accessories were then stocked based on items that were trending in real time across social media.

Alexa Responds at Romaest

A Rome-based shopping center has become the first in Italy to install Amazon's cloud-based voice service.

The Future Began Yesterday

The technological challenges that brick-and-mortar retail faces – a deliberately critical scenario.

Always at your service!

Shopping centers gain their competitive edge with innovative support options that bind customers to them and motivates these customers to return.

“Every decision maker in the industry is interested in speaking with us”

The Norwegian Boostcom Group is a world-leading PropTech supplier for shopping centers. In an interview with ACROSS, CEO Peter Tonstad explains how he manages to reach up to 80% of mall visitors.

Everyone Needs to Be Aware of What is Happening, When, and Why

Dutch company Chainels' platform provides the tools that are necessary to reach and engage mall stakeholders.

Food & Beverage / Leisure MORE

Listen to the people, it’s music!

The game has changed for a variety of real estate developments.

Leisure: Surpassing Emotional Expectations

“There is no better marketing strategy than making people feel good.”

TRECK: the new high-speed food brand at Dutch stations

The Broodzaak locations at the Amersfoort, Haarlem and Leiden train stations will be the first to be converted to the new brand at the end of May. In about one and a half years, all Broodzaak stores will have been replaced by TRECK. Alongside an expanded variety in the F&B assortment, guests of TRECK can continue on t heir journey faster thanks to the addition of self-scan checkouts. Current employees of Broodzaak will continue to work for the new brand, with intensive training during the transition.

LONDON ON THE MENU FOR INTERNATIONAL FOOD AND BEVERAGE OPERATORS

Last year marked a record year for international food and beverage operators entering the London market, with 21 international concepts opening a debut site in the capital in 2018, according to research from international real estate advisor Savills. Furthermore, the firm notes that this momentum has continued into this year, with eight concepts already open and an additional 11 debut sites already in the committed pipeline.

ECE Modernizes Nova Eventis

The redesigning and upgrading of the shopping and experience center in Leipzig/Halle will be carried out at a cost of 40 million euros.

Basingstoke’s food and beverage appeal expands with arrival of new dining choices to Festival Place

A taste of Asia is coming to Basingstoke’s Festival Place with the arrival of not one, but two new f&b operators expanding the wide menu of dining choices at the region’s leading retail and leisure destination. Independent Japanese restaurant The Sushi Maki and Kokoro, offering a palatable menu of East Asian dishes, have both signed up to open at the 1.1 million sq ft shopping centre.

Studies & Reports MORE

A Look at Zagreb and Central Northern Croatia

Zagreb’s city center shopping malls need to be transformed into the pseudo living rooms of the Croatian capital. Conversely, shopping centers located on the outskirts of Zagreb have to be developed into supraregional shopping and entertainment destinations.

Global Retail Attractiveness Index Second Quarter 2019

The Union Investment index analyses the attractiveness of the top European markets. Retail property: GRAI index reveals encouraging signs for Germany, Ireland, Spain and Portugal.

European Retail in 2019

GfK study on key retail indicators: 2018 review and 2019 forecast

Study from Deloitte | Global Powers of Retailing 2019

Deloitte’s latest “Global Powers of Retailing 2019” study has listed the 250 top-selling retail companies for the 22nd time.

PWC: Customers Want Better Retail Service

According to a recent study by PricewaterhouseCoopers (PwC), more and more Germans are returning to shops – where they often find a range of services with room for improvement.

Taking a closer look at the retail market of a relatively young capital

The ultimately 382-meters high “Abu Dhabi Plaza” in Astana is about to become the highest building in Central Asia. It also accommodates a shopping center, among many other things.