Cover Story | Feature
#placemaking
The industry’s magic word that is supposed to upgrade locations and make them future-proof....
Development
“We Intend to Expand Our Portfolio”
Yurdaer Kahraman, CEO and Board Member of FİBA Commercial Properties and Member of the ACROSS Advisory Board, receives three to four purchase offers each month. He meticulously evaluates each offers. ...
Feature | Management
A Better Understanding of the Customer Courtesy of Big Data
HyperIn helps tenants report their sales automatically, emphasizes CEO Markus Porvari. The figures are combined with consumer analytics from mall websites, social media, and mobile loyalty applications, then enriched by ...
Feature | Ticker
“ACROSS Retail Talks” will continue in 2020
The first two panels last year were very successful. There are four “ACROSS Retail Talks” planned for this year. The first one will be with Marcus Wild on May 27 in Vienna....
Ticker
Silvio Kirchmair joins Across Advisory Board
The ACROSS Advisory Board is happy to announce its latest addition and welcomes Silvio Kirchmair as its new member....
Feature | Studies & Reports
Global Retail Attractiveness Index Fourth Quarter 2019
Union Investment’s Global Retail Attractiveness Index measures the attractiveness of retail markets across a total of 20 countries in Europe, North America and the Asia-Pacific region. GRAI was developed by Union Inves...
Ticker
SIGNA and Central Group acquire GLOBUS
In a 50:50 joint venture, SIGNA and Central Group acquire the Swiss luxury department store chain “GLOBUS“, along with eight associated real estate properties at top inner-city locations from the Migros-Genossenschaf...
Development | Feature
A village for the world
The small Austrian village of Parndorf is known all over the world, from the UK to China. The outlet location’s rapid development staggers Parndorf’s residents and consumers alike. But what will the future hold?...
Trei Increases Development Volume by a Third, up to 900 Million Euros Trei Real Estate GmbH successfully continued to expand its business in 2019. ...
Trei Real Estate GmbH successfully continued to expand its business in 2019.
NEINVER is making progress in renovating its Getafe The Style Outlets centre near Madrid, as part of the company’s strategy of growing its strongest centres and enhancing their value.
ECE is working with start-ups to help make properties smarter as part of the “Smart Buildings Challenge” which the company is carrying out together with its partners Bosch, Microsoft, TÜV Süd, and Deka Immobilien.
umdasch The Store Makers are presenting new perspectives for the retail sector of the future on a fair stand extending over 900 square metres at the EuroShop in Düsseldorf from 16–20 February 2020. In an integral tour of all sectors of retailing visitors can experience multimedia ideas, unusual materials and countless opportunities for profitable measures at the point of sale.
On February 13, the eagerly anticipated McArthurGlen Designer Outlet Málaga opened to the public. The first of its kind in the south of Spain, the new designer outlet offers both local and international visitors an extraordinary shopping experience, combining fashion, culture and entertainment, all in a beautiful setting with savings of up to 70%.
In the new Terminal C of Moscow’s Sheremetyevo Airport, Sheremetyevo Duty Free – a joint venture between the airport, Gebr. Heinemann and Greenway – launched its luxury market place with the opening of two multi-brand stores in the categories Fashion & Accessories as well as Watches & Jewellery (FAWJ).
First ‘On the Go’ store in London’s Square Mile caters for busy workers.
MIPIM /// March 10 – 13, 2020 /// Cannes, France “The Future is Human” will be the main theme. ...
“Placemaking is key – and more challenging than it seems.”
“We should not be haunted by digitalization and rather than think hard what makes our projects special.”
“Online neighborhood and event-centric groups and forums have provided suitable non-physical spaces for public discussions – sometimes referred to as urban acupuncture.”
“Digital signage should not begin in cinema foyers. It must be an integral part of the entire information and marketing presence of all malls.”
“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.”
“Co-working spaces, medical centers and kindergartens will also increasingly find their ways into malls, thereby shaking up tenant mixes.”
Yurdaer Kahraman, CEO and Board Member of FİBA Commercial Properties and Member of the ACROSS Advisory Board, receives three to four purchase offers each month. He meticulously evaluates each offers.
Trei Real Estate recently celebrated its first topping-out ceremony for overbuild, a single-story supermarket in Berlin. Overbuilding measures for retail properties are generally on the rise.
The small Austrian village of Parndorf is known all over the world, from the UK to China. The outlet location’s rapid development staggers Parndorf’s residents and consumers alike. But what will the future hold?
Set to open in August 2020, Line Investments & Property LLC has introduced Forsan Central Mall as an all-in-one shopping, dining, and entertainment destination designed around the concept of a bamboo forest that features a relaxing “garden in the city” ambience +++ The official opening of American Dream in East Rutherford, New Jersey took place on October 25, 2019 +++ The Marrakchi style of living is due to be celebrated via the opening of M Avenue: In the heart of the city, a new space for immersive and multi-sensory experiences will be created. A 500-meter open-air shopping area will be comprised of more than 120 stores
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
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.
HyperIn helps tenants report their sales automatically, emphasizes CEO Markus Porvari. The figures are combined with consumer analytics from mall websites, social media, and mobile loyalty applications, then enriched by leasing contract information. This comprises fundamental data that center management needs to understand in order to increase sales.
Time to start over: The German Council of Shopping Places (GCSC) kicked off the new year in an unusual way with REBOOT in Berlin, an event that included many refreshing innovations as well as interesting talks and workshops. Approximately 400 participants came to the legendary KOSMOS for this occasion.
Recruitments, promotions and appointments in the European Retail Real Estate Industry.
The retail real estate industry is looking toward 2020 with cautious optimism. Uncertainties remain, however.
The opportunities offered by e-charging infrastructure encompass a wider range of aspects than one might think.
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.
Ingka Centres’ €7.3 billion investment to transform its business remains on track – with particular emphasis on sustainability and innovation.
Allianz Real Estate Refinances a 300-million-euro Acquisition +++ Investment in Hallplatz-Galerie in Zweibrücken +++ Investika purchased Galerie Butovice
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).
Hidden Stars: Why retail parks become increasingly popular among investors, developers, and customers.
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.
Selected projects from the portfolio of Union Investment.
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.
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
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.
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.
umdasch has unveiled the next phase of the Knightsbridge store renovation.
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
“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.
A Rome-based shopping center has become the first in Italy to install Amazon's cloud-based voice service.
The technological challenges that brick-and-mortar retail faces – a deliberately critical scenario.
Shopping centers gain their competitive edge with innovative support options that bind customers to them and motivates these customers to return.
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.
Dutch company Chainels' platform provides the tools that are necessary to reach and engage mall stakeholders.
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.
The game has changed for a variety of real estate developments.
“There is no better marketing strategy than making people feel good.”
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.
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.
The redesigning and upgrading of the shopping and experience center in Leipzig/Halle will be carried out at a cost of 40 million euros.
Union Investment’s Global Retail Attractiveness Index measures the attractiveness of retail markets across a total of 20 countries in Europe, North America and the Asia-Pacific region. GRAI was developed by Union Investment, GfK and Across.
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.
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.
GfK study on key retail indicators: 2018 review and 2019 forecast
Deloitte’s latest “Global Powers of Retailing 2019” study has listed the 250 top-selling retail companies for the 22nd time.
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.
