ACROSS | The European Retail Real Estate Magazine

Ticker

HRH Prince Constantijn to open PROVADA 2017

The thirteenth annual real estate exhibition PROVADA will be officially inaugurated by HRH Prince Constantijn of the Netherlands, Startup Envoy for StartupDelta.

Ticker

ATRIUM CONFIRMS APPOINTMENT OF NEW CEO

Atrium European Real Estate Limited, announces that Liad Barzilai has been appointed, as Chief Executive Officer of the Group.

Ticker

MEC rents out 65,000 sq m in retail parks

Over the past year, the MEC METRO-ECE Centermanagement GmbH & Co. KG successfully concluded new rental contracts and extended existing ones for an area totalling 65,000 sq m. This corresponds to an area of 9 football fields.

Topics
Opinion

Still enormous potential in Poland

Poland has been a free market economy for nearly 30 years and in that time, the retail landscape has been completely transformed. This is perhaps most apparent when it comes to the way we shop.

Events

ICSC EUROPEAN CONFERENCE 2017, APRIL 24-25, WARSAW, POLAND

Europe’s flagship conference is coming to Warsaw. Two days of fresh insight, cutting-edge trends and unrivalled networking!

Development

Projects & Openings International

Designed by Chapman Taylor’s Madrid studio, Mall of Qatar has officially opened its doors to the public after its soft opening on December 10, 2016.

Center Management

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.

Retail

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).

Factory Outlets

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.”

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.

Studies & Reports

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.

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Opinion
BY ERIK J. ENGSTRAND

The shopping center business’s “new normal”: Is it security?

Commentary by Erik J. Engstrand, CEO of Safe ShoppingCenters.

BY GUSTAVO CASTRO

Widespread good performance of Portugal’s retail property market

Over the past two decades, Portugal has been a consumer-driven country, catapulting the country’s retail sales area very close to 1.00 sq m per capita.

ON OUR OWN BEHALF

Lisette van Doorn joins the ACROSS Advisory Board

The ACROSS Advisory Board now comprises 13 industry experts. The latest member to join is Lisette van Doorn, the Chief Executive of the Urban Land Institute’s (ULI) European operations since January 2015.

ON OUR OWN BEHALF

Josip Kardun and Árpád Török strengthen the ACROSS Advisory Board

Josip Kardun and Árpád Török further strengthen the ACROSS Advisory Board

OUTLOOK 2017

A Consistently Optimistic Industry

What industry experts expect from the retail real estate year 2017.

BY ALEXANDER OTTO

The security dilemma

The shopping center industry has a problem: the security of its customers. No, it’s not that centers have a security issue. Nevertheless, in these times of terror and armed attacks, it is difficult to balance an easygoing and unhindered shopping experience with the best-possible security for our customers.

Events

PROVADA 2017, MAY 30 – JUNE 1, AMSTERDAM

PROVADA is the definitive annual meeting point for those in the real estate sector.

ACSC-CONGRESS 2017, OCTOBER 17, VIENNA

The Austrian Council of Shopping Centers (ACSC) holds its congress this year on October 17.

COMPLETELY RETAIL MARKETPLACE IRELAND 2017

Completely Retail Marketplace Ireland takes place in Dublin on February 28, 2017.

MIPIM 2017, MARCH 14 – 17, CANNES, FRANCE

A technology revolution, geopolitical instability and societal changes are sweeping through the business world. As a result, property professionals are facing new challenges that drive them to understand their business differently.

13th ANNUAL INTERNATIONAL CONFERENCE ON REAL ESTATE DEVELOPMENT 2017, APRIL 26-27, ZAGREB, CROATIA

The Annual International Conference on Real Estate Development is the key annual gathering place for all who participate in commercial real estate projects, the commercial real estate market, and in other industries that are related to real estate and construction in Croatia, the European Union, the wider region, and internationally.

RETAILER MEETING 2017, MAY 8-9, SOEST, GERMANY

The renowned Retailer Meeting will take place under new leadership in 2017. The meeting of retail specialists started by Hillemeyer Immobilien in 2008 will be continued by Heuer Dialog and dfv Conference Group.

Development

Innovation at its best: TUI Store in the Mall of Switzerland

While classic travel agencies are suffering from the trend towards online-booking, the world’s leading travel company TUI is following a growth strategy and will be opening its 67th branch in Switzerland in the Mall of Switzerland.

Taking environment and habitat into account

Redevco is pursuing a long-term investment strategy based on quality and sustainability. As a result, the company is in the process of certifying as much of its portfolio with BREEAM In-Use as possible.

From a start-up to a brand – MEC celebrates 5 years of existence.

“Metro and ECE join forces,” was the headline in August 2011 when the joint venture partners announced their plans.

Welcome to Posnania

Within three weeks of opening, the shopping center in the eponymous West Polish city had already welcomed its one-millionth visitor.

Strabag Subsidiary Building East Side Mall in Berlin

Luxembourg’s Forum Invest S.a.r.l. has commissioned Ed. Züblin AG with constructing the East Side Mall in Berlin.

Project & Openings Europe

Belgrade Plaza is an €80-million investment and will consist of 61,000-sq-m of GBA, providing approximately 32,300 sq m of retail space across three levels.

Center Management
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.

Bonarka City Center on the trail of Podgórze and the secrets of the City of Kings

Corporate Social Responsibility (CSR) is becoming increasingly attractive and popular as far as marketing and PR activities in the shopping center market are concerned. CRS is usually based on using typical occasions and supporting “ready-made” external initiatives.

FOODSERVICE COLUMN

EATING IN A POST BREXIT WORLD

On June 23, 2016, the people of Britain voted to leave the European Union. More than 30 million people voted, with a much higher than expected turn out, especially in the younger voters.

Cineplexx opened in Serbia and Kosovo

The Austrian market leader has invested €3 million in the construction of the new 5-screen multiplex cinema in the Stop.Shop shopping center in Niš. It also recently celebrated a new opening in Pristina.

Christmasworld’s “Premium” Business Program: New five-day concept, new location

Christmasworld’s “Premium” Business Program, which runs from January 27 to 31 in Frankfurt, has laid on some innovations.

ECE tests the “Digital Mall” – Online product search for brick-and-mortar stores

ECE Future Labs’ newest development is the “Digital Mall,” an online product search which can be found on the website of the Alstertal-Einkaufszentrum (shopping center) in Hamburg. With the Digital Mall, ECE makes it possible for customers to get information on the products available in the shopping center – anytime, anywhere.

Retail

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.

Alexa Berlin: The ‘First Store’ contest finalists have been announced

The professional jury selected the top six of 21 submitted store ideas. The public vote follows in March. The response to the retail competition ‘First Store by Alexa’ exceeded the initiators’ expectations.

“Digitalization is in full swing”

In an interview with ACROSS, Sebastian Baumann, Head of Department ECE Future Labs, speaks about the “Digital Mall” project and how shopping center operators can gain from new technologies.

People Tracking, Checkout Queue, Activity Visualizer, and Gender Recognition

How many customers visit a store each day? Why do customers pass by shops on a shopping street? Why does one area within a department do better than another? How old are your customers really? Umdasch Digital Retail offers four new products to answer these questions and more.

Factory Outlets

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.

ENTERING A NEW GENERATION

Neinver is currently the only outlet operator offering an omni-channel B2B2C business model.

“Special Skills in Demand”

In November 2008, immediately after the bankruptcy of the US investment bank Lehman Brothers, two Austrian investors, Thomas Seikmann and Manfred Schlager, opened Croatia’s first outlet center: Roses Designer Outlet in Zagreb. After years in a difficult market environment, they have managed to establish the retail property firmly in the market.

Location as key to the success of an outlet center

That is one of the main messages from a white paper recently published by Neinver on France’s outlet center market.

Investment

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.

“Investors want to benefit from specialist sector knowledge”

Shopping center investors have manifold expectations of their asset managers. Steffen Hofmann, Founder and CEO of iMallinvest Europe, knows all the specifics from his daily work.

Studies & Reports

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.

Development of Retail Parks Accelerates throughout Europe

According to a recent report by Cushman & Wakefield, the sales area of European retail parks will increase by 50% more in 2016 than in the previous year. This growth is due mainly to developments in France, Italy, and the UK.

CITY REPORT

Glasgow: the Shopaholic’s Paradise

In an interview with ACROSS, Frank McAveety, Leader of Glasgow City Council, explains how the City Center Strategy protects and progresses the retail offer.

Revitalized & quarterly oriented

The EHI Retail Institute recently presented the German “Shopping Center Report 2016.” It reports that only four new projects will be completed this year. Revitalizations and neighborhoods centers currently prevail.