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Multi Netherlands opens city centre project FORUM Rotterdam The opening of the largest inner city regeneration project in Rotterdam in recent years, FORUM Rotterdam, took place on 24 September 2020, w...

JUMBO and SPAR further expand their network of stores in Vlora and Pogradec

Despite the economic difficulties dictated by the global COVID-19 pandemic, BALFIN Group has not withdrawn from investing in expanding and improving its retail network. JUMBO and SPAR have opened two new stores in the tourist cities of Vlora and Pogradec, being closer to consumers and helping employment in these cities.

Ingka Group supports more business action on climate change

Ingka Group has given support and signed up to a new guide raising the bar on climate leadership, ’Climate Leadership Now: The new bar for business action on climate change’, published by the We Mean Business coalition*.

Icon Outlet out-performs London post-lockdown

Icon Outlet has revealed its performance figures for the 12-week period post-lockdown, with sales increasing by 30% between the first week and the 12th. Sales have trended from approximately 65% of previous year like-for-like at reopening to around 95% like for like in weeks 11-12. Icon Outlet’s weekly footfall has also doubled since reopening and now stands at 75% of prior year footfall. The latter compares to an average footfall of 59% of pre-Covid levels for the average London High Street according to Springboard*.

Haute Dolci, the luxury dessert operator, to open in a prime location on Wembley Park Boulevard

Quintain has secured an “extraordinary and unforgettable” taste experience, set to open in a prime location in Wembley Park, London’s newest cultural neighbourhood. Haute Dolci, the luxury dessert operator, has signed to open in a 3,350 sq ft restaurant including a mezzanine, its first location in London.

MK Illumination offers more reasons to take photos this Christmas

The festive lighting and decoration solution provider a new range of photo points for the season.

La Torre Outlet Zaragoza, the first commercial space to offer a fully integrated digital experience

The countdown to the opening of La Torre Outlet Zaragoza has already begun. The “Digital Lighting”, a symbolic act that served as a presentation of the most innovative elements of this commercial project, showed the technological scope of its facilities and virtual environment through an audiovisual opera of audio, video, lighting and social media.

Messe Frankfurt revamps spring 2021 schedule

As a result of the course taken by the pandemic, Messe Frankfurt will not be holding any of its own physical trade fairs at the Frankfurt exhibition grounds between January and March 2021. The company is revamping its spring trade fair calendar to focus on new synergies and new digital offerings.

Events
Opinion MORE

The power of parking data

“The technology exists to offer tenants a way to contact their customers with safety messages and special offers when they arrive on site, as well as new Coronavirus safety innovations, such as in-car queuing systems.”

Preparing for a Challenging Fall

Despite the pandemic and nearly two months of lockdown, Westgate Shopping City has continued to open new stores and attract visitors. The shopping center in Zagreb is prepared to face the realities of the near future, which are sure to be challenging.

Helpful Artificial Intelligence

“Building and system behavior is automatically learned and provided with forecasts. After all, weather, customer footfall, opening hours, etc. have a strong impact on individual energy requirements.”

Surfing the “Renovation Wave”

“With trillions of euros to spend, the European Green Deal and Covid-19 recovery plan want to retrofit the continent’s building stock. Retail brands should get ready.”

The Urgent Case for Mixed-use Urban Regeneration in Germany

Chapman Taylor Director Jens Siegfried believes that the Covid-19 emergency has highlighted the pressing need for mixed-use urban regeneration, as the trend towards online shopping accelerates. Drawing on Chapman Taylor’s experience, he writes about the way forward for urban regeneration, with a particular emphasis on a well-considered mix of functions and context-sensitive design.

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.”

Development MORE

Nivy Station as Future-proof Retail Destination

Nivy Station is a special project. It represents a fusion of various functions into a single, deliberate concept that will provide Bratislava with a new airport-style bus terminal, more than 250 retail establishments, a fully-fledged gastronomic zone with a marketplace offering local farm products, and a green roof for active rest and relaxation. Thanks to the integration of the bus station and its overall location, this center will be a transport hub, suitable for all kinds of urban as well as regional mobility. It is situated in the heart of a dynamically developing business zone and is a neighbor to existing as well as emerging projects in the Nové Nivy zone.

No Expenses Spared

Europe's largest mixed-use project to date is due to be built in the Romanian capital. An investment in the amount of 2.87 billion euros has been made.

La Torre Outlet Zaragoza to Open in October 2020

The urban entertainment center, which features an integrated outlet village, will be the first of its kind in Europe. ROS Outlet Shopping will be responsible for its management.

A New Shopping Oasis for Slavonians

In mid-June, the Supernova Group opened its 15th retail property development in Požega, Croatia: The Supernova Požega retail park introduces famous brands to the city of the same name in Slavonia, in the east of the country.

Can residential be considered within a conversion to mixed-use?

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.

The office-ization of the high street

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?

Management MORE

New Public Demand for Hygiene Standards

Dutch company One Hundred aims to conquer the European retail real estate market with its restroom concept.

People in move

Recruitments, promotions and appointments...

People in move

Recruitments, promotions and appointments...

People in move

Recruitments, promotions and appointments...

A time of regulations and restrictions

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.

Estonia’s largest shopping center Ülemiste expects stability by autumn

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.

Investment MORE

Stricter financing conditions for retail properties

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.

Ingka Centres Acquires Kings Mall in London

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.

Upgrading the existing portfolio

Ingka Centres’ €7.3 billion investment to transform its business remains on track – with particular emphasis on sustainability and innovation.

Investment News

Allianz Real Estate Refinances a 300-million-euro Acquisition +++ Investment in Hallplatz-Galerie in Zweibrücken +++ Investika purchased Galerie Butovice

“Shopping center yields have reached levels of 6.75 to 7.25% in Bucharest”

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).

Union Investment Special: Retail Parks

Hidden Stars: Why retail parks become increasingly popular among investors, developers, and customers.

Retail MORE

Trend Accelerator Corona: The New Normality

What kind of experience are consumers looking for today? How important is the digital world? Is sustainability still relevant?

ACROSS Retail Talks focus on the outlet center industry

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.

DIY is trendy: “Kreativmarkt Hamburg” opens at Quarree Wandsbek

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.

Successful premiere of the ACROSS Retail Talks Online

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.

More courage, more creativity

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.

How to reopen your shopping centres. User guide

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.

Proptech MORE

Keep calm and carry on, just not as before

The Covid-19 pandemic will cause lasting change in the way that we live, work, play, and particularly in the way we shop.

“The industry has finally woken up and takes digitalization more seriously”

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.

Westfield London Launched the First AI-Powered Store

“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.

Alexa Responds at Romaest

A Rome-based shopping center has become the first in Italy to install Amazon's cloud-based voice service.

The Future Began Yesterday

The technological challenges that brick-and-mortar retail faces – a deliberately critical scenario.

Always at your service!

Shopping centers gain their competitive edge with innovative support options that bind customers to them and motivates these customers to return.

Food & Beverage / Leisure MORE

Creating magnetic customer appeal and next-generation anchors

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.

Leisure as the last opportunity for malls to become lifestyle destinations

The reign of retail is over. The Covid-19 crisis is not a black swan for the shopping mall industry.

Bringing Local Flavors to the Plate

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.

Listen to the people, it’s music!

The game has changed for a variety of real estate developments.

Leisure: Surpassing Emotional Expectations

“There is no better marketing strategy than making people feel good.”

TRECK: the new high-speed food brand at Dutch stations

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.

Studies & Reports MORE

Drastic sales losses in Swiss malls

Malls in Switzerland are currently losing 39 million Swiss francs in revenue per day.

Impact of COVID-19 on the Czech Republic’s retail sector

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.

29.7 million euros gross lost revenue per day in Austria

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.

Shopping Center Performance Report by Ecostra: Fake News or a Scientifically Recognized Method?

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.

Global Retail Attractiveness Index Fourth Quarter 2019

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.

A Look at Zagreb and Central Northern Croatia

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.