ACROSS | The European Retail Real Estate Magazine

Ticker

Skanska builds mixed-use development in London, UK

Skanska has signed a contract with The Olayan Group to build K1 Knightsbridge, a mixed-use scheme in London, UK, that combines commercial, residential and retail development.

Ticker

RETAIL WORLD 2018, November 14 – 15, Berlin, Germany

Retail World 2018, which will be held at the Maritim Hotel in Berlin from November 14 to 15, 2018, will offer insights from top-notch experts in the retail industry, creative out-of-the-box thinkers, and successful pioneers who have had an uncanny impact on the future progress of the industry.

Ticker

Mitsubishi Motors in the UK signs up with intu to open its first-ever retail store

Mitsubishi Motors in the UK has signed a 10-year lease for a 1,281 sq ft store at intu Lakeside.

Topics
Opinion

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

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

Events

RETAIL WORLD 2018, November 14 – 15, Berlin, Germany

Retail World 2018, which will be held at the Maritim Hotel in Berlin from November 14 to 15, 2018, will offer insights from top-notch experts in the retail industry, creative out-of-the-box thinkers, and successful pioneers who have had an uncanny impact on the future progress of the industry.

Development

“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.

Center Management

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.

Retail

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.

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.

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.

Studies & Reports

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.

advertisement
Opinion
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.

BY BASTIAN STAHRA

Knowing where the wind blows

Would you visit a café where you knew that a constant cold draft would blow onto your neck, leaving you shivering as you quickly drank your coffee, unable to truly relax? Would you take time to go window-shopping if you knew that you would be constantly battered by turbulent wind?

How the EU’s General Data Protection Regulation affects the European shopping center industry.

How the EU’s General Data Protection Regulation affects the European shopping center industry.

Events

Mapic, November 14 – 16, 2018 Cannes, France

Since its inception more than 20 years ago, Mapic has continued to attract the world’s leading retailers, developers, mall operators, and, more recently, major ecommerce retailers.

MAPIC ITALY 2018, MAY 23 – 24, MILAN, ITALY

Last year, 1,500 delegates, including some 550 retail executives gathered at Mapic Italy.

3rd International Restaurant Real Estate Congress 2018, MAY 29 – 30, BERLIN, GERMANY

The 3rd International Restaurant Real Estate Congress will be held on May 29 and 30, 2018 in Colonia Nova, Berlin.

ICSC Retail Innovation Forum, September 26 – 27, 2018 Amsterdam, Netherlands

The Retail Innovation Forum, organized by ICSC, will be held at the Movenpick Hotel Amsterdam City Center from September 26 to 27, 2018.

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.

COMPLETELY RETAIL MARKETPLACE NORDICS, MAY 22, 2018, STOCKHOLM, SWEDEN

Bringing landlords, brokers and retailers together to discuss business opportunities across the Nordic regions.

Development

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

A reference in particular the river Dniper

Leslie Jones Architecture in London and Urban Experts in Kiev have been appointed by international developers Immochan Ukraine to design the interior of Rive Gauche shopping and entertainment complex in Kiev. With nearly 400 shopping centers managed in 12 countries across Europe and Asia, Immochan is one of today’s leading European commercial real estate companies for shopping centers. Simon Scott, Head of International Business at Leslie Jones Architecture, reveals details about Rive Gauche’s interior design.

A Greek tragedy – with a happy ending?

According to the developer, Europe’s biggest urban regeneration project is about to take shape on the area of the former Hellinikon airport – including a shopping center. Implementing this project, however, is very challenging.

New shopping centers to be opened in Germany

2017 did not see any traditional new openings in Germany. Eight new centers are scheduled to enter the market this year, reports the EHI Retail Institute.

Center Management

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.

In the name of security

As a response to past years’ incidents and to meet the rapid changes of risks that are affecting the industry’s security landscape, the Nordic Council of Shopping Centers (NCSC) recently released a “Guide to Shopping Center Risk and Security”.

„Sports events are always attractive“

In her role as PR & Marketing Manager of Eurovea, Olga Hammer relies heavily on events. One reason is that as a result of exceptional and meaningful leisure activities, people are more willing to accept Eurovea as a "good neighbor".

Retail

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.

RETAIL TECHNOLOGY

Big brother reloaded | retail technology at intu

Audience recognition cameras in intu Victoria Centre in Nottingham will ensure that customers receive personalized content.

RETAIL TECHNOLOGY

Big brother reloaded | retail technology at intu

Audience recognition cameras in intu Victoria Centre in Nottingham will ensure that customers receive personalized content.

Factory Outlets

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.

Neinver reports growth to €917 million

Visitors to the centers in Spain, France, Germany, Italy and Poland totaled 41.7 million in 2017.

Investment

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.

“We currently have an oversupply of retail space in Switzerland”

Bruno Kurz is the CEO of Swiss real-estate service provider Immoveris. In his interview with ACROSS, he explains why marketing is not just marketing and how real estate transactions can work ideally.

Studies & Reports

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.

Non-Retail Tenants as Turbo

A report from the Urban Land Institute (ULI) and JLL finds that non-retail tenants - including F&B, leisure, and community amenities - have led to 28% estimated rental value growth, a 7.24% increase in footfall, and a 1% decrease in vacancy rates across 12 European malls in the past 12 months.