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Coronavirus: MediaMarkt/Saturn requests help from state
Requests for funding are being submitted to the German Reconstruction Loan Corporation. Allegedly in the amount of 2 billion euros....
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#letusgrowagainstcorona
“Let’s create and open a virtual Madrid, Paris, Budapest, Vienna, Munich, Milan or Venice for our avatars, virus-free, with the recovered turquoise lagoon, a crowded Piazza San Marco, hundreds of flying doves, etc....
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Daily loss of revenue amounts to up to 113 million euros for Austria’s stationary retail
Standort + Markt published a second estimate, which focuses on stationary retail‘s anticipated, daily, average loss of revenue at all Austrian shopping places. The results provide solid guidelines for the European reta...
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Germany: H&M, Adidas and Deichmann do not want to pay rent anymore
Many fashion retailers suspend their lease payments because their stores are shut down due to the corona crisis. Even H&M Germany is not paying rent for its 460 stores anymore....
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The shape(s) of things to come /// 5 theses for a new dawn
What we are experiencing these days is unprecedented. Unprecedented in terms of the changes that will come. Unprecedented in regard to the question “how do we go on from here”, and also unprecedented when it comes to...
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People’s perspectives will shift
“Gathering spaces will be even more important than they were beforebecause we can only truly value something, like our freedom to meet, when we’ve had it taken away. And shopping centers and malls are gathering space...
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11 points institutional landlords need to consider during this turbulent season
“Make the best use of your time and develop a creative (re-)opening strategy that needs to capture the attention of your customers during a period of a lot of noise.”...
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Community prevails
“There is no need to look for culprits or point out those industries or competitors who might not be affected in the same way.”...
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Mipim will not take place from June 2 to 5, 2020
MIPIM 2020, scheduled to take place June 2-5 in Cannes, is transforming into a two-day, Paris-based gathering of real estate and technology leaders in September and a new online experience, MIPIM Connect, available year-...
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THE ACROSS APP IS NOW AVAILABLE!
The new ACROSS App provides even faster and more comfortable access to the latest industry news. Test our new service right now! Installing the app and access to our constantly updated ticker news and featured articles i...
Investor René Benko requests government assistance for his companies The department store group Galeria Kaufhof and Karstadt is in trouble. ...
Requests for funding are being submitted to the German Reconstruction Loan Corporation. Allegedly in the amount of 2 billion euros.
“Let’s create and open a virtual Madrid, Paris, Budapest, Vienna, Munich, Milan or Venice for our avatars, virus-free, with the recovered turquoise lagoon, a crowded Piazza San Marco, hundreds of flying doves, etc.”
Standort + Markt published a second estimate, which focuses on stationary retail‘s anticipated, daily, average loss of revenue at all Austrian shopping places. The results provide solid guidelines for the European retail real estate market in general.
Many fashion retailers suspend their lease payments because their stores are shut down due to the corona crisis. Even H&M Germany is not paying rent for its 460 stores anymore.
What we are experiencing these days is unprecedented. Unprecedented in terms of the changes that will come. Unprecedented in regard to the question “how do we go on from here”, and also unprecedented when it comes to the constant as well as instant switches between optimism and sheer pessimism.
Intu's three priorities are to look after its employees, to protect its business and to play its role in society.
Josip Kardun has 20 years of pan-European real estate investment and management experience. He previously served as CEO of Blackstone’s largest European operating platform where he managed over €10 billion of assets across 14 countries.
The Happetite /// July 1-2, 2020 /// Milan, Italy Happetite is an international trade fair for the food industry, aimed at operators of multi-site restaurants that want to expand their busin...
“Gathering spaces will be even more important than they were beforebecause we can only truly value something, like our freedom to meet, when we’ve had it taken away. And shopping centers and malls are gathering spaces.”
“Make the best use of your time and develop a creative (re-)opening strategy that needs to capture the attention of your customers during a period of a lot of noise.”
“There is no need to look for culprits or point out those industries or competitors who might not be affected in the same way.”
“The outlet category has always matured during decades of upheaval, and we have routinely stated that ‘outlets are good in good times and great in terrible times.’ 2020 may well test that theory.”
2019 was a real game-changing year for the region’s retail sector with quickly increasing turn overs, new market openings as well as first larger refurbishments. Unfortunately, the current crisis is reshuffling the entire deck.
SAFE Shopping Centers have issued the guide “COVID 19 and Considerations for Shopping Centers and Retail Spaces” to support the industry (FREE DOWNLOAD). It is designed to give guidance on preparations and consideration for the Covid-19 outbreak, covering essential functions and hands-on tips for mall operations.
Crompton Place shopping center in Bolton, Greater Manchester, is due to become “Bolton Victoria Square”. Chapman Taylor has been tasked with the architectural design of the regeneration masterplan.
In an interview with ACROSS, Dietmar Reindl, COO of IMMOFINANZ, talks about the Group’s retail property portfolio, why a uniform brand strategy is worth pursuing, and the criteria used to select new locations.
The Eurovea 2 project has recently received the green light for the construction of the Eurovea expansion, Eurovea Tower – the first skyscraper in Slovakia, Riverside Residence, the Pribinova X and Pribinova Y administrative buildings, as well as an underground parking garage. The mall expansion is scheduled to open later this year.
It will be managed by ROS Retail Outlet Shopping.
As every year, innovative developments are due to be presented in Cannes – many of which will feature a retail or placemaking component.
The industry’s magic word that is supposed to upgrade locations and make them future-proof.
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.
Following its transformation, the scheme will be the first mixed-use object in a downtown location, anchored by an IKEA city store, in the United Kingdom.
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.
That certainly applies to EuroShop, the retail trade fair that took place in Düsseldorf, Germany from February 16 to 20. It was the perfect place for the EHI Retail Institute and Messe Düsseldorf to present the EuroShop RetailDesign Awards (ERDA) 2020.
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.
“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.
Standort + Markt recently published a first estimate regarding the anticipated daily loss of revenue of shopping places in Austria due to the corona shutdown. Its results provide solid guidelines for the European retail real estate market in general.
It almost reminds one of the 1993 film “Groundhog Day”. The only difference is that Dr. Will, together with his management consultancy Ecostra, has only employed the recurring, annual use of mathematical calculations since 2011, with the purpose of creating a body of evidence, based on statistical methods, that would allow for a ranking of the best shopping centers in Germany to be drawn up.
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
