ACROSS | The European Retail Real Estate Magazine

Ticker

Echo summarises the year of positive changes

Transformation from being the owner of standing assets to pure developer, considerable acceleration of development and leasing activity, high growth in apartment sales and focus on delivering return to the shareholders – these are Echo Investment’s 2016 highlights.

Ticker

ICSC EUROPE CROWNS WINNERS OF EUROPEAN SHOPPING CENTRE AWARDS

ICSC awarded four winners in categories celebrating the best in Europe’s new developments, established centres, and refurbishments/expansions. Redevco, Unibail-Rodamco, Socri Reim, and SES Spar European Shopping Centres win big at ICSC European Shopping Centre Awards 2017.

Ticker

Designer Outlets Wolfsburg start with third stage of expansion

This week the building site for the third construction phase was set up in the Designer Outlets Wolfsburg.

Topics
Opinion

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

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

Events

10TH SWISS SHOPPING CENTER FORUM & SWISS COUNCIL CONGRESS 2017, MAY 4 – 5, ZURICH, SWITZERLAND

This Zurich event took place before sold-out audiences in each of the past nine years.

Development

Swiss Uniqueness

The Freo Group is responsible for the Mall of Switzerland’s project development and marketing. In an interview with ACROSS, Nikolas Löhr, Director of Retail Marketing, explained what makes the shopping center special with respect to its leisure facilities.

Center Management

Digital Prospects for Shopping Centers

Around 50 retail real estate industry experts met in Frankfurt for the second “innovation incubator.” The theme of the workshop hosted by the German facility services expert Wisag was “Digital prospects for shopping centers and retail properties.”

Retail

Holymesh as Winner of the “First Store by Alexa” Competition

Alexa visitors and Facebook fans, along with an expert jury in a final session, evaluated three finalists from the “Best Newcomer” category.

Factory Outlets

“Gastronomy offer is a win-or-lose issue”

What customers have long demanded of malls is now being demanded of designer outlets. They must offer customers more than shopping, says Henrik Madsen, Managing Director Northern Europe at McArthurGlen, in an interview with ACROSS.

Investment

Popular Stockholm

According to Savills, the Swedish capital is currently the most attractive destination in Europe for shopping center investments due to its reputation as a “safe haven” and its relatively affluent population.

Studies & Reports

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.”

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Opinion
BY THOMAS MARK

The Art of Keeping Ahead of Changing Consumer Habits

Consumers are dramatically changing their shopping habits and preferences and we, the service and product suppliers, must anticipate these changes and respect and cater to them.

Customer Satisfaction Begins with Parking

Competition from online retailers is forcing shopping centers to reassess their retail concepts.

BY JASU JARANKA

Hyper-connected toilets are the future

Just a few years back, the idea of an IoT (Internet of Things) toilet seemed absurd, but if you think about it closely, it really does make sense.

BY MARRIT LANING

Uncertainty Brings Opportunity — Unleash the Innovation Power

Our shopping journeys might look radically different in the foreseeable future.

BY CHRIS IGWE

The Race for Space is Over

For the last five years, we have seen that retailers and brands have slowed their expansion plans significantly as they review their portfolios in an attempt to understand their customers and their rapidly changing habits. Profitability has been hit—hard in many cases.

BY JAN VAN LANCKER

Uplace Brussels’s Long Road to Building Permission

Commentary by Jan Van Lancker, CEO of Uplace.

Events

EU General Data Protection Regulation (GDPR) – Wedlake Bell Webinar on April 25, 2017

From May 25, 2018 new data protection rules will apply to all EU countries.

ULI URBAN LEADER SUMMIT 2017, APRIL 26-27, FRANKFURT, GERMANY

The ULI Urban Leader Summit is the ultimate venue for experts and leaders in German Real Estate. It handles a broad variety of topics such as Real Estate Development, finance and investment.

Investment forum on the Spanish real estate market 2017

The event takes place on May 25 – 28, 2017 in Madrid.

19TH EUROPEAN SHOPPING CENTER SYMPOSIUM, APRIL 26-27, VIENNA, AUSTRIA

The European Shopping Center Symposium has Europe's longest tradition among shopping center events. For 18 years and over 350 participants each year, it has been one of the leading think tanks of the retail and retail real estate industry in Europe as well as the most important industry event in Austria.

REVO CONFERENCE & EXHIBITION 2017, SEPTEMBER 19 – 21, LIVERPOOL, UK

The Revo Conference & Exhibition in Liverpool brings together influential players from across the sector — owners/investors, developers, retailers, retail property agents, professional service consultants, a host of leading service providers, public sector representatives, and retail, food, beverage, and leisure occupiers and operators.

SHOP DRAMATURGY LIVE! SEOUL 2017, OCTOBER 24 – 28, SEOUL, SOUTH KOREA

The subject of shop dramaturgy is about taking the principles of dramaturgy that have been proved a million times over in theater and film and applying them to stores.

Development

Projects & Openings Europe

FRANCE Créteil Soleil | GERMANY Löhr-Center and PEP | ITALY Adigeo | POLAND Forum Gdańsk and Janki | RUSSIA Riviera | SERBIA Ada Mall | UNITED KINGDOM Eden Walk and The Glass Works

“A Huge Amount of Pressure on Physical Retail”

The architecture firm Gensler approaches its work from the assumption that consumers go to physical stores for the experience — and want a seamless brand experience too.

COUNTRY SPECIAL SWITZERLAND

Quartier du Flon – A Unique Kind of Neighborhood Development

Quartier du Flon in Lausanne is a modern and innovative city quarter that buzzes with energy day and night—and is in the portfolio of the Swiss real estate company Mobimo.

Projects & Openings International

Des Voeux Road Central, Hong Kong | Outlet Collection Winnipeg, Canada | Rize Shopping Center, Turkey | Miami Worldcenter, USA

HB Reavis set to begin work on Stanica NIVY a new supra regional shopping destination for Bratislava

HB Reavis has received the green light to start work this summer on Stanica NIVY, a new supra regional shopping destination and international bus station in Bratislava, after successfully gaining construction consent.

A Whole 105,000 sq m More

Construction work recently began on the Salaris shopping center in Salaryevo in southwestern Moscow. The Russian capital is thus receiving one more enormous temple of consumption.

Center Management

The new power couple

How to build a stronger relationship between developers and retailers.

THELEISUREWAY COLUMN

Circling the square

Are you sitting comfortably? Are you relaxed, open to ideas? Willing to disconnect and get some “you time”? Let theleisureway (TLW) take you away.

Foodservice Column

IT IS ALL ABOUT PEOPLE…

Foodservice Column by Jonathan Doughty.

THELEISUREWAY COLUMN

Retail is leisure and leisure is retail

I’m with my theleisureway colleagues, Pablo and Carlos, in a place in the old center of Zaragoza. It’s a tapas bar, I confess, but I might justify it by saying that it would tick a lot of boxes as one of Ray Oldenburg’s “Great Good Places.”

Foodservice Column

IT IS ALL ABOUT STOMACHS…

So, we have arrived in 2017, the world is changing again and this year promises to be one of the most “interesting” for a long, long time.

BY GASTÓN GAITÁN

TAKING HOME MORE THAN YOU BOUGHT

So, here we are at the pre-Mapic breakfast. There’s the chat, the stronger-than normal-coffee, and most have ordered an omelet with the inevitable comparison between French and Spanish recipes. But there’s technology on the table and the conversation turns to client appointments and strategy. Then: A last-minute panic fumbling with ID badges and we are inside Mapic.

Retail

Interactive, Individual, Impressive

An international jury of experts commissioned by EHI and Messe Dusseldorf bestowed the most convincing store concepts with the EuroShop Retail Design Award again this year.

RETAIL TECHNOLOGY

Retail Technology: From ESL to viPOS

Umdasch Shopfitting had a booth at EuroShop, the leading retail trade show in Dusseldorf, once again this year. The topic of digital retail was omnipresent.

NEW SHOPPING HABITS REQUIRE NEW RETAIL CONCEPTS

More than half of consumers in some European countries shop both online and offline. For example, German and Dutch omni-channel shoppers are responsible for more than two-thirds of total retail turnover (source: GfK non-food consumer panel).

Balfin Group Brings Spar International to Albania

The €50 million investment was made public at the end of last year.

Digital Retail

How retail technology and increasing digitalization are changing retail and the shopping center industry.

Virtual Reality as an Absolute Reality with a New Christmas Experience

intu is taking leisure experiences in shopping centres to the next level with a multi-player family virtual reality game.

Factory Outlets

Rioja Developments and Buckminster work together

Designer Outlet Village in Grantham planned.

Everything’s New at Fashion Outlet Parndorf

Parndorf Fashion Outlet, located between Vienna and Bratislava, is undergoing a comprehensive relaunch. A new Art Nouveau style, new roads and entrances, new retail space, and a new center management self-run by the owner should multiply customer frequency.

Designer Outlet Roermond in front

Designer Outlet Roermond, located directly on the border with Germany, won multiple prizes in this year’s “Outlet Center Performance Report Europe.”

Building permit for Barbarossa – Hesse’s first downtown outlet center

JOH will be transformed into Barbarossa. The old department store in Gelnhausen will be a modern outlet center by the spring of 2018.

Green light for Mill Green

The development of a new premium outlet shopping destination in the West Midlands moved a step closer as development partners U+I and Rioja Developments confirmed receipt of full planning permission.

NEINVER enters the Czech market – Partnered with The Prague Outlet

Neinver is continuing its growth in Europe by entering the Czech market, the eighth country in which the company has a presence. The company has partnered with The Prague Outlet to forge a joint venture launching Prague The Style Outlets, the first premium outlet center in the Czech Republic.

Investment

Clearly weakened indicators of investment

BNP Parisbas Real Estate recently published “At a glance: UK shopping center & out of town retail market, December 2016.” One of the headlines is that investment volumes fell by around a third compared to 2015 for both the retail warehousing and shopping center markets.

Investors Increasingly Focusing on Retail Parks

Investment in German retail properties is declining. The transaction volume is increasing significantly only in retail parks. Retail parks currently offer good investment opportunities in the UK as well.

Retail Asset Management as a Holistic Approach

According to Stephan Austrup, Head of Retail in Germany at TH Real Estate, omni-channeling and digitalization are key drivers of change. In all acquisitions and in business plans for existing portfolios, he therefore considers the impact of this change on retail formats, retailers’ required floor plans, and whether the property provides the necessary layout flexibility.

“Emotions can of course arise toward a building”

TriGranit recently sold Bonarka City Center (BCC). CEO Árpád Török spoke with ACROSS, among other things, about a very eventful 2016.

Glasgow is dominated by global brands

The Scottish city has witnessed the highest number of new restaurant openings in the United Kingdom outside London. Anne Murray, Group Manager Inward Investment at InvestGlasgow, is helping retailers to use this to counter competition from the internet.

„Glasgow will be targeted“

In this interview with ACROSS, Anne Murray from InvestGlasgow and Stephen Bibby from Cushman & Wakefield explain the Scottish city’s investment opportunities.

Studies & Reports

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.

The Successful Integration of Food & Beverage into Shopping Centers

In order to provide the retail and leisure industry with guidance and insight to navigate the opportunity posed by F&B, the ICSC commissioned JLL to carry out a global study. It should provide a holistic, 360-degree view of the current landscape, challenges, risks, opportunities, and future outlook for foodservice within the shopping center space.

22 Centers Identified as Prime Examples of the Growing Trend of Retail Placemaking

Effective retail places use leisure, technology, and planning to lure shoppers, who now want shopping to be both functional and social.

eCommerce in Germany: Highly Variable Regional Potential for Product Lines

The distribution of online potential for product groups such as food, clothing, consumer electronics and DIY items differs substantially from region to region. Recently GfK published its findings in the first-ever study on regional online potential for 17 product groups in Germany.

BREXIT

How the United Kingdom’s exit from the European Union will affect the British shopping center industry.

Prime rental rates in Bulgaria remain steady

Colliers recently published a “Retail Market Overview” of the first half of 2016 in Bulgaria. It indicates that the market will undergo sustainable development, with decreasing levels of supply and stable demand until the end of the year.