Events | Feature | Ticker
Across Retail Talks /// February 23, 4PM (CET) 2022, ZOOM
“Let‘s talk on C-Level ...”...
Opinion
Chase the right numbers
Racing after numbers, reading year-end reports, statistics and percentages: this chase is not but characterized by a kind of tunnel view, which limits the possibilities of growth. If you want to adapt, you need to consid...
Ticker
XXXLutz buys discount furniture chain Lipo from Steinhoff
The Austrian furniture group XXXLutz continues its European shopping spree Europe and takes over the Swiss discount furniture chain Lipo with more than 600 employees from its competitor Steinhoff. The acquisition include...
Opinion | Ticker
Why outlets are the place for the independent retailer
Since the beginning of the pandemic, the message to the UK has been to shop local and support your community during the incredibly difficult period that we all faced. Even as town and city centers began to open up again,...
Ticker
Benko’s Signa acquires department store icon Selfridges
After months of speculation in London about who would acquire the iconic Oxford Street department store, the deal is now sealed: Thailand's Central Group and Austrian investor René Benko's real estate group Signa Holdin...
Ticker
Top-selling fashion: who is behind the international textile chains
Many families earn big money with cheap fashion. They like to stay out of the limelight, and their stores can be found all over Europe....
Northern Irish Retail Market ends 2021 on a high Lotus Property owned outlets, The Boulevard and The Junction in Northern Ireland both saw an increase in sales compared to 2019, with The Bo...
As strategic partner, the Hahn Group has accompanied the acquisition of the Krohnstieg Center by a special fund affiliated with Ampega Investment GmbH. The seller of the property is Hamburg-based HBB, with iMallinvest Europe GmbH acting as the transaction advisor.
One of the most important lessons the retail real estate industry can learn from the pandemic is to recognize the importance of omnichannel and big data. Investing in digital solutions can provide a competitive advantage and better results for both landlords and tenants.
Katrin Bergsteiner has taken up the position of Director of Finance Austria & Germany at Unibail- Rodamco-Westfield (URW). In addition, the finance and tax expert has become a member of URW's Country Management Team Austria & Germany.
Mitiska REIM announced the completion of transforming the Retail Centre De Lely, located in the Dutch city of Arnhem. Acquired in July 2018, a 30-month value-add programme has now been completed which has remodeled the look, layout, and tenant mix of the convenience center.
Landsec has announced the opening of Nike Unite Portsmouth, the brand’s community-focused concept with the aim to connect people with sport, at Gunwharf Quays in Portsmouth, England.
The ACROSS Magazine welcomes business editor Anne-Kathrin Velten as its new editor in chief.
Across Retail Talks /// February 23, 4PM (CET) 2022, ZOOM “Let‘s talk on C-Level ...”...
Racing after numbers, reading year-end reports, statistics and percentages: this chase is not but characterized by a kind of tunnel view, which limits the possibilities of growth. If you want to adapt, you need to consider every aspect of your target audience to keep on top of the changes in consumer behavior. Footfall is reflecting your detailed expertise, not producing it. What businesses need is direct connection to their customers: establish a relationship, explore needs and demands, and use the right tools to aid this pursuit.
Since the beginning of the pandemic, the message to the UK has been to shop local and support your community during the incredibly difficult period that we all faced. Even as town and city centers began to open up again, independent retailers have maintained their position in the spotlight of the retail industry, be it bricks and mortar or online.
Ukrainian real estate investor Focus Estate Fund has acquired the Turawa Park shopping center in Opole, southern Poland, from Edinburgh-based Abrdn for an undisclosed sum.
“It is imperative for shopping centers to become part of the e-commerce economy; otherwise, your business will decline in the upcoming years.”
“Our addiction to fossil fuels is pushing humanity to the brink. We face a stark choice: Either we stop it–or it stops us. It’s time to say: enough.”
“We are all convinced that placemaking makes brick-and-mortar retail attractive, forward-looking, and an experience.”
Mitiska REIM announced the completion of transforming the Retail Centre De Lely, located in the Dutch city of Arnhem. Acquired in July 2018, a 30-month value-add programme has now been completed which has remodeled the look, layout, and tenant mix of the convenience center.
Flannels and H&M have committed to opening their Irish flagship stores at Clerys Quarter. The development is due to open in Q4 2022, with an extensive food and beverage offering to complement retail units and Grade A offices.
The project is developed by HG Invest in cooperation with FOC Retail Service GmbH and Outlet Evolution Services. On an area of more than 20,000 sq m, 70 shops and several hundred new jobs will be created in two phases. Its first phase will be opened in 2023, phase two is scheduled for 2026.
Following its market entry in Italy, Immofinanz is continuing the expansion of its STOP SHOP retail park brand in the Adriatic region. In Croatia, the number of retail parks is to be increased from currently four to more than 20 locations in the medium term.
Scallier has obtained the building permit to construct another retail park in Romania. Situated in Turda, the development will provide around 9,000 sqm of space to let. Populated by some 50,000 people, Turda is a town in the northern part of the country.
The construction of the project developed by UBM Development and Paulus Immobilien is entering the implementation phase.
Landsec has announced the appointment of Remco Simon to its executive leadership team in the newly created role of Managing Director–Strategy and Capital Markets. The role will report directly into CEO Mark Allan.
Redevco has appointed Marrit Laning to the company’s Board in the role of Chief Strategy and Innovation Officer, reporting to CEO Andrew Vaughan. She will help drive the diversification of Redevco’s portfolio across property sectors and its investment strategies in the transformation of mixed-use urban areas.
Multi Italy has been appointed by Savills Investment Management SGR S.p.A, on behalf of Sulis Fund and its investor, a real estate investment fund advised by Aventicum Real Estate, to manage the GranRoma Shopping Center.
Sonae Sierra has signed a property management and leasing contract for Aeria Mall, a new shopping center in Casablanca. The new management contract follows work done by Reify., which provided lay-out, concept design and technical services for the center.
Recruitments, promotions and appointments...
Spanish fashion group Inditex (Zara, Massimo Dutti, Bershka and others) is replacing its CEO after just two and a half years. At the same time, Marta Ortega, daughter of company founder Amancio Ortega, becomes head of the Board of Directors.
As strategic partner, the Hahn Group has accompanied the acquisition of the Krohnstieg Center by a special fund affiliated with Ampega Investment GmbH. The seller of the property is Hamburg-based HBB, with iMallinvest Europe GmbH acting as the transaction advisor.
Altera Vastgoed sold its property on Kaap de Goede Hooplaan in Utrecht to an abrdn fund.
Ukrainian real estate investor Focus Estate Fund has acquired the Turawa Park shopping center in Opole, southern Poland, from Edinburgh-based Abrdn for an undisclosed sum.
Niam has acquired Väsby Centrum and Bålsta Centrum, both with strategic locations close to important commuter hubs in northern Stockholm, from Grosvenor Europe. The properties have a variety of necessity driven retail such as grocery, healthcare, and restaurants.
On behalf of one of its investor clients, Redevco has purchased Templars Square in Oxford for €42.5 million from New River. The 1960s local shopping centre is to be transformed into a landmark residential-led mixed urban scheme over the next decade.
Hammerson announced it has completed sales of six non-core assets for total gross cash proceeds of ~ €107.7m since the half year. The largest constituent is the exchange an unconditional contract for the sale of Silverburn, a 100,000 sq m shopping center near Glasgow.
Landsec has announced the opening of Nike Unite Portsmouth, the brand’s community-focused concept with the aim to connect people with sport, at Gunwharf Quays in Portsmouth, England.
Flannels and H&M have committed to opening their Irish flagship stores at Clerys Quarter. The development is due to open in Q4 2022, with an extensive food and beverage offering to complement retail units and Grade A offices.
The German company Peek & Cloppenburg, with its headquarter in Düsseldorf, moves into the new Westland Shopping Center in Anderlecht, Belgium.
A new Youseum venue is set to open at Westfield Centro in Oberhausen this fall, expanding their portfolio in Europe. The social media experience will cover more than 1,000 sq m.
Niam has acquired Väsby Centrum and Bålsta Centrum, both with strategic locations close to important commuter hubs in northern Stockholm, from Grosvenor Europe. The properties have a variety of necessity driven retail such as grocery, healthcare, and restaurants.
I recently discovered the social concept store "SCHÖN&GUT" at Preßgasse 28 in Vienna-Wieden. As I drove by, the displays communicating with the viewer aroused my curiosity. Inside, I was not disappointed–unique products made sustainably and with social responsibility are lovingly presented. Customers are greeted warmly, you already feel welcome when entering!
One of the most important lessons the retail real estate industry can learn from the pandemic is to recognize the importance of omnichannel and big data. Investing in digital solutions can provide a competitive advantage and better results for both landlords and tenants.
Coniq announced their partnership with Reem Mall (Abu Dhabi) to develop innovative engagement and loyalty programs for unique customer journeys backed by the latest data science, especially for the GCC market.
How will we shop in the future? Online or in a store? Both? _blaenk (German retail start up) wants to find out the answers to this question live at Jungfernstieg in Hamburg–in collaboration with Vodafone.
The final step in the comprehensive refurbishment of Hamburg's Quarree shopping center has been completed: On the façade facing Wandsbeker Marktstraße, two eye-catching LED screens have been installed.
“It is imperative for shopping centers to become part of the e-commerce economy; otherwise, your business will decline in the upcoming years.”
Coniq’s total customer engagement platform will power Mall of Qatar’s strategy to deliver unique retail experiences for millions of shoppers.
After several months of renovation work, the traditional Viennese gourmet food store Julius Meinl on the prestigious Graben in Vienna presents itself in new light in the middle of the exclusive pedestrian zone.
In a critical period for HoReCa, office or mixed-use projects, recent investments are adding new flavors and attractive or innovative functions to revive the pulse in key submarkets of Bucharest. Can dining or working with sky views make flexible working or meetings more appealing?
Europe's food retailers are being put to the test by the eco- nomic consequences of the natural disaster Covid-19. This is a very special kind of weather situation. While non-food retailers and the food service industry are in sheer despair in the face of the calm caused by government-imposed lockdowns, the "system-relevant" food retail sector has been confronted with a veritable storm tide since the sec- ond quarter of 2020.
Industry leaders told us about the sales impact Corona had on their business in 2020. They also explain what fundamental changes in location, sales, and marketing strategy they are planning for 2021/2022 in response to the widespread economic impact of the pandemic.
A look at Australia: A “Hospitality Mindset” to drive sales and deliver positive experiences in spite of Covid-19.
The last 12 months has seen the most catastrophic impact on the F&B sector across the globe. First into lockdown and almost certainly one of the last sectors to re-emerge from the crisis, there’s not a lot more that can be said on the devastation to businesses, employees, and guests that hasn’t already been published. But what of the future? What will the post-pandemic foodservice landscape look like?
A recent study by RegioData Research, which analyzed online stores, shows how Austrians shop on the Internet. The results are sobering: only 27% of sales remain in Austria.
As retail parks become more and more enticing, RegioPlan looks at the market distribution of this asset class across Europe in the following study.
MEC and its partners Real Estate, Savills Germany, Dr. Lademann & Partner and WISAG published the 9th edition of the Retail Park Report “About Tomorrow–Retail parks in the city of the future”. The key finding: Sustainable and cross-asset-class strategies are needed to develop cities and rural areas for the future as urban neighborhoods and surrounding areas gain in importance.
“Our addiction to fossil fuels is pushing humanity to the brink. We face a stark choice: Either we stop it–or it stops us. It’s time to say: enough.”
Results for the 3rd quarter 2021.
A number of shopping centers have opened their doors in Belgrade over the past few years. In June 2020, BEO, for which MPC Properties is responsible, opened its doors. Development, Technical Operations, and Innovations Director Jovana Cvetković looks back on a time of particular turbulence – not solely due to reasons relating to the pandemic.
