ACROSS | The European Retail Real Estate Magazine

Ticker

Balfin Group expands the investment boundaries in the Balkans

On December 1, 2017, JUMBO, as part of Balfin Group, opened the second shop in Bosnia and Herzegovina and the very first in Banja Luka area, exceeding the limits again after the massive success of the new store opened in Sarajevo on May 4 of this year.

Ticker

MIPIM 2018, MARCH 13 – 16, CANNES, FRANCE

Over the past 27 years, Mipim has become the leading worldwide property event gathering real estate professionals from all sectors.

Ticker

intu expands sweet offering across its centres

An award-winning luxury chocolate business has chosen to expand with intu as it opens more pop-up stores across its centres for the festive season.

Topics
Opinion

At a Tipping Point

We are living in probably the most interesting and exciting times for the retail industry as a whole. I believe that we are at a tipping point. You only have to look at the two most successful fashion brands today: H&M and Inditex Group.

Events

MIPIM 2018, MARCH 13 – 16, CANNES, FRANCE

Over the past 27 years, Mipim has become the leading worldwide property event gathering real estate professionals from all sectors.

Development

New brands coming with Ada Mall shopping center

The Ada Mall shopping center, currently under construction near Ada Ciganlija, alongside the specific design recently honored with an international award, will bring innovation to the market in terms of brands.

Center Management

Increased appetite in Sweden

Grosvenor Europe knows that, with the rise of e-commerce, it is essential to provide a full shopping, leisure, and dining experience to meet guests’ needs. They are thus implementing appropriate measures - for example in Sweden.

Retail

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.

Factory Outlets

HMSHost International Enters the Outlet Center Segment

HMSHost International, the world leader in food and beverage services for travelers, opened six new food & beverage outlets at McArthurGlen Designer Outlet Roermond in April. It signed a 10-year contract with an estimated valueof over €100 million.

Investment

Deutsche Hypo finances mall in Gdansk

Deutsche Hypothekenbank is financing Galeria Baltycka in Gdansk for the property company Shopping Center Galeria Baltycka GmbH and Co. KG sp.K.

Studies & Reports

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.

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Opinion
BY BILL KISTLER

Embracing the Winds of Change

Think of each of the new challenges you have had to confront over the past decade as a cloud appearing in an otherwise blue sky. From rapidly changing consumer behavior to e-commerce, each cloud cast a shadow on “business as usual.” On their own. none threatened to spoil the picnic. As gathering clouds darken the sky, however, it looks to some like a storm is coming.

BY BRENDON O’REILLY

Poland – Time for Advanced Outlet Ideas

Without a doubt, the Polish outlet market is the biggest in CEE, which makes it very attractive for investors. Outlet centers operating there are a great example of meeting current market needs—both from tenants’ and customers’ perspective.

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

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

ACROSS ADVISORY BOARD

Katharina von Schacky joins ACROSS Advisory Board

The ACROSS Advisory Board is happy to announce its latest addition and welcomes Katharina von Schacky as its new member.

BY KRISTJAN KASK

Is Entertainment Shopping Centers’ Last Hope?

The word “entertainment” has been used quite heavily in connection with malls in the last few years, but what does it mean?

ACROSS ADVISORY BOARD

Daniel Losantos joins ACROSS Advisory Board

Daniel Losantos recently became the latest member of the ACROSS Advisory Board. After being appointed as Managing Director of Neinver in 2012, he became the company’s CEO in October 2015.

Events

EuroCIS 2018, February 27 – March 1, Düsseldorf, Germany

We, the people of the early 21st century, are currently witnessing the fourth industrial revolution.

ULI Europe Conference 2018, January 30-31, Berlin, Germany

The ULI Europe Conference is a flagship real estate event that attracts more than 500 top professionals from across Europe and beyond.

Christmasworld 2018, January 26 – 30, Frankfurt, Germany

Christmasworld is the world’s most important order venue for the international decoration and festive articles sector.

ICSC EUROPEAN CONFERENCE 2018, APRIL 25 – 26, BARCELONA, SPAIN

ICSC’s European flagship conference at Hotel Fairmont Rey Juan Carlos I will gather over 800 retail real estate industry leaders from around the world to share insights and opportunities.

ICSC RECon Europe 2018, MARCH 6, LONDON, UNITED KINGDOM

RECon Europe connects international retailers with Europe’s major retail real estate owners and developers for a single day of deal making.

RETAIL DAYS 2017, NOVEMBER 29 – 30, ISTANBUL, TURKEY

The 17th Retail Days will be held on November 29 and 30, 2017 at Lütfi Kırdar Congress Center in Istanbul.

Development

EAT THE MALL

Dining, enjoying, relaxing, and shopping. Center operators are completely revamping their menus.

BY JORGE MORGADINHO

How an Appetite for Food Courts Can Drive Shopping Center Spending

For Sonae Sierra, localization is key: Each project must be unique and we mustn’t repeat ourselves.

GTC Opens Ada Mall in Belgrade at the end of 2018

Construction work began in the Serbian capital in March. Jelena Vučković, Leasing Manager at GTC, says a real destination - not a traditional shopping center - is taking shape.

MAPIC SPECIAL: Notable Distinction

This year’s Mapic will again feature the top players in industry as they provide a glimpse at their current retail projects. ACROSS makes a foray into interesting new developments and extensions to be presented in Cannes.

BY MORITZ FELIX LÜCK

Retail Parks and Digitalization: Evolution or Revolution?

Despite constant digitalization, brick-and-mortar retailing remains the dominant purchasing model.

“We are creating places where many people meet”

IKEA Centres’ global Expansion Director, Jan Kristensson, and global Leasing Director, Carsten Heidtmann, share the importance of the company’s journey from a traditional property-driven approach to creating places where people and the planet lead our interaction with customers, tenants and communities, where retail is one of many components.

Center Management
FOODSERVICE COLUMN

THE “FULL SERVICE” CIRCLE…

Most people who have worked in the hospitality industry understand the “full service” circle. This describes how we have to work hard for our guests to provide them with exactly what they want, whether in a restaurant, bar, or hotel, by working as a team.

THELEISUREWAY COLUMN

Place changers

theleisureway column by Gastón Gaitán.

Do you know your customers?

How Big Data, mobile devices and social media revolutionize traditional customer retention management.

BY JESÚS HERNÁNDEZ ESTEBAN

Big data and new metrics in shopping centers

Visitor traffic and sales are now insufficient for understanding a shopping center’s evolution. New metrics now prevail: tools that allow us to know more about our visitors and their behavior, such as how they interact with our brands and with other competing centers. Such insights are key in an environment of global economic digitalization.

THELEISUREWAY COLUMN

The Leisure Mosaic

It’s cooler here than in the square and the square has been left quiet by August, as the beach has become the destination. I confess, it’s the shade that brought me in.

The Role of Shopping Centers in a Sustainable Future Society

Initially considered the “icons of consumerist society,” shopping centers are now becoming lighthouses of energy efficient systems and sustainable architecture.

Retail

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.

From Digital to Physical

Fashion brands lead the pureplay-to-omnichannel transition as the role of physical stores in the UK evolves.

Retail Technology: Launch of Hyper-Reality Experience

“Tick Tock Unlock” makes Trinity Leeds the first shopping center in the United Kingdom to provide a VR-powered hyper-reality experience to its customers.

“The complexity has increased enormously”

According to Martin Wendsche, Managing Director for ISG in CEE, lounge concepts and integrated gastronomy are now part and parcel of shopfitting.

Factory Outlets

“Eating is the new shopping”

HMSHost International entered the outlet center market last April. In an interview with ACROSS, CEO Walter Seib explained how he creates places to be for shoppers with appetite.

Parndorf Fashion Outlet — More Frequency with Style

Viennese Art Nouveau is the inspiration for the new designs of Austria’s Parndorf Fashion Outlet and Freeport Fashion Outlet. The outlet owners have further ambitions: purchases are planned across Europe.

Ready for Cannes

Neinver appointed Barbara Somogyiova as its new leasing director Europe at the beginning of September. In an interview with ACROSS, she revealed, among other things, that the company will present new projects and share the details of its tourism strategy at Mapic.

Prague The Style Outlets prepares its grand opening for April 26, 2018

Neinver will introduce its international best-in-class platform The Style Outlets to the Czech Republic through a flagship center in Prague, right in the heart of Europe.

BY BRENDON O’REILLY

Poland – Time for Advanced Outlet Ideas

Without a doubt, the Polish outlet market is the biggest in CEE, which makes it very attractive for investors. Outlet centers operating there are a great example of meeting current market needs—both from tenants’ and customers’ perspective.

Bargain hunting in Poland

According a Colliers-report the increasing competition in this market segment will force numerous objects to undergo qualitative changes in order to survive.

Investment
BY DIRK WOLLWEBER AND SONJA SCHRÖER

An Accounting of Operating Cost

Taking the personnel lift to counters or into the abyss of the performance search engine.

A South African in CEE

An example: Hystead recently purchased “The Mall” in Sofia, one of the largest shopping centers in Bulgaria.

Allianz finances Liffey Valley in Dublin

Acting on behalf of several Allianz entities, Allianz Real Estate has closed the financing for Liffey Valley in Dublin.

Passionate expertise

TREC Real Estate Consulting GmbH was founded in 2014 in Düsseldorf. The company focuses on investment management and commercial property-management for retail properties. What the four shareholders have in common is their professional position, their wealth of expertise as well as their joy in doing their job.

Hahn Group presents new public AIF

Value-added fund (Pluswertfonds) 168, SB-Warenhaus Kitzingen, was fully placed at the end of July after only eight weeks of marketing.

Apsys refinances Posnania

Apsys has secured the long-term refinancing of Posnania with Berlin Hyp AG, ING Bank Śląski S.A., Société Générale, and Deutsche Postbank AG.

Studies & Reports

City Report Berlin – the place to shop

“Berlin is poor, but sexy.” That’s how Klaus Wowereit, then-mayor of Berlin, characterized the German federal capital in 2003. This mainly referred to the city’s massive debt, which then amounted to around €50 billion.

EUROPEAN RETAIL IN 2017

GfK study on key retail indicators: 2016 review and 2017 forecast.

ICSC

No “One-Size Fits All” Optimum Solution

The ICSC recently published its study “The Successful Integration of Food & Beverage Within Retail Real Estate.” Here is a summary of its findings.

International Retailers Are Focusing on Vienna

The Austrian capital is very popular with international retailers.

It Could Be Rosier…

Experts continue to fear a drop in sales in retail stores, falling demand for retail space, and store closures. That is the essence of the “4th Shopping Center Market Report Switzerland 2017.”

Polish Stagnation

According to Colliers International’s “Poland Market Insights—Annual Report 2017,” only about 400,000 sq m of new retail space was created in 2016. This is one third less than in 2015. Around 400,000 sq m are expected for this year as well.