BNP Paribas Real Estate’s retail advisory arm is being further enhanced and its team broadened in Frankfurt, one Germany’s major retail regions.
The majority of shopping centers and retail parks in Germany are outdated—conceptually and structurally. The adaptation of buildings to contemporary uses requires comprehensive revitalization measures.
AXA Investment Managers announced the appointment of Andrew J. Stainer as Head of Northern Europe, a newly created role that will see him oversee all transactions and business operations within the UK, Germany, the Nordics, Switzerland, and CEE.
ACROSS asked local industry players how they assess the Brexit’s impact on the British retail real estate market. Here are their statements.
Organizations leading the pioneering approach to making Croydon the city for millennials have pledged their support for the seventh Develop Croydon Conference.
Sonae Sierra and Caelum Development opened the ParkLake shopping center on September 1. The Romanian capital’s retail real estate market has now increased by 70,000 sq m GLA.
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.
Almost no industry is as affected by globalization and digitalization as the fashion and lifestyle market. Consumer trends and innovations within this segment are growth drivers for other areas of retail.
That is one of the main messages from a white paper recently published by Neinver on France’s outlet center market.
In this interview with ACROSS, Anne Murray from InvestGlasgow and Stephen Bibby from Cushman & Wakefield explain the Scottish city’s investment opportunities.
How the United Kingdom’s exit from the European Union will affect the British shopping center industry.
Brexit is no longer just a word—since June 23rd, it has been a real threat. While British exit advocates celebrate the country’s seeming newfound sovereignty, the shock is all the more severe for Brexit opponents. No wonder, since it means the wholesale redefinition of the closely linked economic relations between the UK and the EU.
On June 30, Bill Kistler was appointed as ICSC’s Executive Vice President and Managing Director of EMEA. In his interview with ACROSS, he talks about his goals, cooperating with the EU—and a positive future for the industry.
A lot has been said and written in the past years about the necessary reorientation of shopping centers and other retail locations, and at least as many measures were also realized since then.
In 2009—for the first time in history—the world’s urban population exceeded its rural population. By 2030, the number of people living in cities around the world is expected to increase by one billion.
The re-introduction of Sunday business hours for shopping centers in Hungary was announced and introduced unexpectedly and with surprising speed, even quicker than the introduction of the obligatory Sunday shopping ban in March 2015. Why was it so urgent?
The tax on retail sales coming into force on September 1, 2016 will not contribute to the decrease in the number of shopping centers in Poland. The tax will increase the competitiveness of small- and medium-sized businesses in comparison to large entities operating in the commercial sector and will increase the state’s revenues.
As in 2014, only a few new factory outlets (FOC) opened in Europe in 2015, even though this sales channel is one of the most dynamic in the trade sector.
The theme of the event held in the Ellington Hotel Berlin will be “Retail Space of the Future and the Impact on Retail Real Estate—Visions, Innovations, Challenges.”
The Austrian Council of Shopping Centers (ACSC) holds its congress this year on October 19, under the motto “Mirror, mirror on the wall – An attempt at critical self-reflection.”
For the eighth time, more than 200 participants are meeting to discuss the future of “big box” stores.
The latest seminar of the ACROSS ACADEMY took place in Vienna on October 13, 2016 and focused on the highly charged issue of security in shopping centers. The three security experts Rolf Tophoven, Uwe Gerstenberg, and Melih Niyego gave speeches at this event.
The ACROSS Academy seminar “Security and Crisis Prevention for Shopping Centers” takes place on October 13, 2016 in Vienna. The event provides professional answers and recommendations with regard to terrorist threat potential.
The shopping center investor Cemagg has entrusted the real estate service provider Bilfinger Real Estate to represent it as the builder-owner and to provide consulting and project development services for Dreiländergalerie in Weil am Rhein in Baden-Württemberg.
Dubai Holding has announced updates on the development of Mall of the World, a concept for an all-season city district offering a wide range of leisure, retail, cultural, residential, wellness, commercial, hospitality, and pedestrian options.
The Old Academy in Munich was once reserved for Jesuits, academics, and then statisticians. Now, Signa Holding wants to revitalize the historic complex in the city center.
Futureal is specialized in developing large-scale mixed-use properties in Hungary. In his interview with ACROSS, CEO Tibor Tatár tells us which challenges have to be met in this sector and talks about current projects.
Plus City’s extension was opened on September 1. This mall in Upper Austria’s Pasching is a microcosm that has become a self-contained leisure and shopping city.
Marcus Wild, CEO of SES Spar European Shopping Centers, speaks in an interview with ACROSS about the “marathon of openings” in recent months and tells about the new projects the company is already planning.
In an interview with ACROSS, Gastón Gaitán, Manager and Director of theleisureway, explains why leisure is a branding instrument—the identity of the whole shopping center is at stake.
In my last article, I talked about the need to introduce new operators into our industry, to allow the smaller operators and companies access into the world of shopping centers, and to support them as they grow.
20 years ago, Austrian Klaus Mark founded MK Illumination together with his wife Marie. Half a year later, his twin brother Thomas also joined the company, who remains to be the third partner and shareholder to this day. MK Illumination designs innovative and custom festive lighting, decoration and interactive Worlds for shopping centers on six continents.
MK Illumination has decorated shopping malls for nine years. Klaus and Thomas Mark report among other things in an interview on the growing demands for their concepts.
Brand building is still the exception rather than the rule for retail parks. But that’s changing.
Meeting point, family experience, lifestyle center, wow, more than shopping, dynamism, part of the community. Words, words, words… Believe it or not, all of them talk about leisure, but need to be organized and planned accordingly. How? Let’s discover together.
Markus Heckhausen founded the Berlin iconic brand Ampelmann and is a member of the city’s next retail platform: “First Store by Alexa”. In an interview with ACROSS, he explains why the German capital is fertile ground for start-ups in bricks-and-mortar retail.
RETAIL TECHNOLOGY | Gift cards are becoming more and more popular. With a shopping center gift card, consumers are always sure to give the right present. That is why it is also important for malls continuously to adopt to this trend and offer their own individualized gift cards.
The Alexa shopping center in Berlin is celebrating its 10th anniversary in September 2017. That’s reason enough for Sonae Sierra, Union Investment and Alexa to launch an innovative retail casting competition.
The “First Store by Alexa” contest gives wings to new business ideas. Fabian Hellbusch, Head of Marketing at Union Investment Real Estate GmbH, and Jens Horeis, Head of Property Management at Sonae Sierra Germany, tell ACROSS all about it in an interview.
As a member of the “First Store by Alexa” jury, Jens Peter Klatt, Head of Multichannel at Mister Spex, insists the participants must offer a unique customer experience.
It is important for retailers in shopping centers to offer state-of-the art payments. Payment methods and behaviors are changing. Prepaid cards are one of the shopping trends that meet the needs of modern consumers and they are becoming increasingly popular. The concept of gift cards is especially highly rated. For malls, they are a way to ensure customer loyalty by offering their own individualized gift cards. SIX Payment Services has issued its 1 millionth prepaid card and will continue to focus on them.
According to a report prepared by BNP Paribas Real Estate Poland, over the next couple of years, the outlet center market will see growth in the form of 22,000 sq m of new supply.
Why outlet center operators are increasingly seeking to emancipate themselves from the “factory” image and why large investors now also like to “shop” there.
Zsar Outlet Village is taking shape in the Finnish city of Vaalimaa. The developer EFRE is working on the project with a holiday resort going up nearby.
The Prague Outlet will count 30,000 sq m of GLA. The investor’s stated aim is to develop a premium offering, with light and airy interiors encompassing a host of designer and high street brands.
Ikea Centres and the Mutschler Group signed a joint venture agreement for the development of Designer Outlet Algarve.
Multi recently announced the acquisition by Blackstone Real Estate Partners Europe IV of Palmanova Outlet Village, a 22,000-sq-m, high-quality outlet center located between Trieste and Venice.
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.
German department stores are good investments - if you recognize the development opportunities, that is.
ACROSS EU 2016 Investment News
An important metric used by real estate investors to measure the overall tenancy risks of multi-tenant properties like shopping centers is the Weighted Averaged Unexpired Lease Term.
ACROSS EU 2015 Investment News
The investor carousal is turning. Property companies were the most active investor type in the UK, acquiring 34 shopping centers.
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.
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.
In an interview with ACROSS, Frank McAveety, Leader of Glasgow City Council, explains how the City Center Strategy protects and progresses the retail offer.
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.