Feature | Ticker
Westfield Hamburg-Überseequartier – opening in the 2nd half of 2023
Statement by Andreas Hohlmann, Managing Director Germany at Unibail-Rodamco-Westfield, on the Westfield Hamburg-Überseequartier project:...
Retail park opportunity through lockdown crisis
“In times of crisis we must adapt or die, while taking care of our employees and the communities that we serve.”...
ECE: Cano shopping center in Singen opening on November 19, 2020
The final stretch for Cano has been reached: The construction work for the new shopping center in Singen, in the south of Germany, is running precisely as scheduled and the opening date has now finally been set. ...
IMMOFINANZ focuses on further expanding its “crisis-resistant” STOP SHOPs
With currently 90 fully leased STOP SHOPs on a total area of approximately 700,000 sq m in nine countries, the retail parks of IMMOFINANZ remain consistently on a growth course....
Feature | Ticker
Bringing life back to UK town and city centres
Chapman Taylor believes that UK town and city centres must adapt so that they can, once again, become the ideal venue for living, working, shopping and socialising....
Composed a reopening package
“We from HyperIn partnered with Helsinki-based retail placemaking agency Propdea Oy to contribute a more holistic approach to serve the industry decision makers.”...
The project partners Art-Invest Real Estate, Dukelease, and ECE jointly celebrated the completion of the structural work and the successful course of the “101 on Cleveland” apartment building project in London’s West End.
Supermarket Income REIT announces the acquisition of a Morrisons supermarket in Telford from Santander Trustees Limited for £14.3 million (excluding acquisition costs), reflecting a net initial yield of 5.0%.
The International Council of Shopping Centers (ICSC) announced the winners of its 2020 Visual Victories Awards. INGKA Centres received four prizes, including two Gold winners for their MEGA Meeting Places.
The John Lewis Partnership Trust for Pensions has appointed Sarah Bates as Chair of the Trustee from 1 August 2020 and replaces Dame Jane Newell, who has stepped down after being Chair since 2013.
The St David’s Partnership has announced the official opening of the new look 9,559 sq ft Hollister Co. store at St David’s, in Cardiff, one of the UK’s premier retail and leisure destinations.
APG has reached an agreement with the UK listed real estate company Hammerson to acquire substantially all of Hammerson's remaining interest in VIA Outlets (includes Batavia Stad).
ORES Portugal’s first acquisitions represent an investment of € 37 million.
“In times of crisis we must adapt or die, while taking care of our employees and the communities that we serve.”
“We from HyperIn partnered with Helsinki-based retail placemaking agency Propdea Oy to contribute a more holistic approach to serve the industry decision makers.”
„The reopening showcased our strength as a pan-European platform, as we shared the experiences of each country reopening, starting with Germany in mid-May, followed by all of the countries we are operating in.“
“We created a whole series of protocols aimed at returning the shopping center to normal.”
“It is evident that digital reach for malls will be more important than ever before as the world emerges from Covid-19.”
“Although it is still too early to determine changes in customer behavior, our preliminary assessment after the first few weeks of the reopening is optimistic in terms of sales and inflows.”
Retail, from purpose-built shopping centers through to traditional high streets, has been facing long-term challenges, even before Covid-19. And the shift from single to multiple format offers, or mixed-use, is becoming firmly established.
Has the decline in high street shopping brought about a new opportunity for flexible workspace operators to move into town centers and change the way we all work?
Shopping centers have been grappling with dwindling visitor numbers due to their online competition since before the coronavirus crisis. Now, many malls are facing an almost yawning emptiness. To ensure their survival, these shopping hotspots have to strike out in a new direction even faster than originally anticipated.
The shopping resort in Saint-Etienne with its about 70 shops and restaurant cannot open as planned due to the ongoing crisis.
New SES shopping center - on May 8, 2020 the brand-new shopping mall in Slovenia ALEJA opened its doors.
Construction of the first shopping and entertainment gallery in Żory - Galeria Wiślanka is underway. Construction works are carried out in accordance with the investment schedule. Activities related to the building's raw state have been completed. Currently, installation and finishing works are in progress inside the building. Soon it is planned to hand over the first premises to tenants. The opening of the Gallery is planned for the beginning of the fourth quarter of 2020.
Covid-19 has presented property owners and developers with unique challenges, and for Atterbury Europe that is compounded by having operations in three different territories: Romania, Cyprus, and Serbia. Asset manager Vlad Valcea gives some insights into the Company’s strategy.
Covid-19 led to mobility restrictions throughout Europe, and the range of measures included the closing of shopping centers. In Estonia, where malls were closed for one and a half months, they have been reopened and visitor numbers are good, but it will take another three or four months to return to the former level, believes Guido Pärnits, CEO of the Ülemiste, the largest shopping center in Estonia.
In light of the Covid-19 crisis, the management teams of several industry players express their solidarity with tenants and shareholders. The management board members of URW, Eurocommercial Properties, and Werelhave waive parts of their salaries or remunerations.
Business closures and rent losses in the coronavirus crisis have made banks even more cautious about retail properties and shopping centers. In the case of refinancing, portfolio holders have to calculate with higher interest rates and additional equity.
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.
What kind of experience are consumers looking for today? How important is the digital world? Is sustainability still relevant?
The online event was dedicated to the Covid-19-related question: European Outlets–back to normal? A large and prominent expert audience followed the discussion.
Even though many things are changing in times of corona, the renovation of Quarree Wandsbek in Hamburg continues and even big stores with more than 800 sq m have reopened. Their product ranges already expanded, as “Kreativmarkt Hamburg” signed its new lease agreement in the middle of the crisis.
Five points emerged at this event that focused on the problems of lease payments in connection with Covid-19. A large and very prominent expert audience followed this online discussion closely.
Corona is rapidly changing the world of retail. Shopping centers also experience these changes. Operators and tenants are facing far-reaching changes. Especially the severely affected fashion industry will accelerate these changes.
The need for marketing, centre operations and leasing teams to work together to help their destinations recover faster and stronger from the COVID-19 crisis is paramount. Coniq has written this practical how to guide following numerous conversions with clients and partners so your pre- and post- reopening plans are a huge success.
The Covid-19 pandemic will cause lasting change in the way that we live, work, play, and particularly in the way we shop.
The importance of multichannel communication between mall management, tenants and consumers has become clearer to everyone during the isolation, says Hannu Käki VP, Business Development at HyperIn, in his interview.
“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.
In recent years, F&B has been hailed as the retail-centric development equivalent of a knight in shining armor; an offer that cannot be replicated online, that delivers customers an experience worth seeking-out and returning to time and again. The onset and impact of Covid-19 highlights the importance of a successful F&B strategy and the development of appealing F&B destinations that respond to how the customer of the future will shop day and night, and how mixed-use places are stitched together.
The reign of retail is over. The Covid-19 crisis is not a black swan for the shopping mall industry.
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.
Malls in Switzerland are currently losing 39 million Swiss francs in revenue per day.
The corona virus pandemic and the related measures represent an entirely new and unexpected situation for the entire real estate market, with a global scope and a major local impact on everyone. According to Cushman & Wakefield Czech Republic, retail is one of the most affected sectors, yet it should also play a pivotal role in re-starting the economy.
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.