ACROSS | The European Retail Real Estate Magazine

Ticker

Nexterio will move to Zakopianka retail park

Nexterio, a Kielce-based company, will move to Zakopianka retail park as early as in March thus supplementing the interior design offering available in this popular shopping center.

Ticker

NEW PUBLIC ARTWORK TO BE COMMISSIONED FOR ANGEL CENTRAL

CBRE Global Investors has announced a significant new piece of public art will be commissioned as part of the proposed £11 million comprehensive refurbishment of Angel Central in North London.

Ticker

Paul Smith to open at Coal Drops Yard, King’s Cross, this October

The King’s Cross Partnership and Paul Smith have confirmed that the British designer will open at Coal Drops Yard, the Heatherwick Studio-designed shopping quarter in London’s King’s Cross, in October 2018, as part of the brand’s global expansion plans.

Topics
Opinion

Millennials as a Driver

Tom McGee, President and CEO of ICSC, says new Asian malls will be tailored to meet the needs of the younger generation. Existing shopping centers in Europe and the US are changing accordingly.

Events

3RD REDCON SWITZERLAND & 3RD D-A-CH CONFERENCE 2018, APRIL 12 – 13, RÜSCHLIKON, SWITZERLAND

The two-day event will take place on April 12 and 13 at the GDI Gottlieb Duttweiler Institute in Rüschlikon, near Zurich.

Development

PROJECT EXHIBITION ON THE CÔTE D’AZUR

Mipim is here again! This year, the who-is-who of the global real estate industry comes together in Cannes, France from March 13 to 16. Innovative retail properties as well as projects with retail components are presented at this trade fair–and we selected some of them here for you.

Center Management

„Sports events are always attractive“

In her role as PR & Marketing Manager of Eurovea, Olga Hammer relies heavily on events. One reason is that as a result of exceptional and meaningful leisure activities, people are more willing to accept Eurovea as a "good neighbor".

Retail

About the space-relatedness of the spaceless

The meaning and impact of digitization on retail parks in five core theses.

Factory Outlets

VIADUC VILLAGE IN SOUTH FRANCE - OVER 40% LEASED

Groupe Idec Invest recently announced at Mapic that its future outlet village, Viaduc Village, at the Millau Viaduct in the South of France, has surpassed the 40% leasing hurdle.

Investment

„Valuation is as much an art form as it is a science”

The challenges of valuating retail properties.

Studies & Reports

Development Slows, but Pipeline Remains Strong

The latest European Shopping Centers report by Cushman & Wakefield shows that shopping center development activity in the first half of 2017 increased total floor space across Europe to 160.8 million sq m at the midpoint of the year.

advertisement
Opinion
BY CHRISTOF PAPOUSEK

The revolution of film projection

A lot has changed in modern mainstream cinema over the last years. Digital technology replaced the old 35mm film projection. This was not just a big leap in terms of quality, it also revolutionized the content spectrum that can be shown in cinema auditoriums.

BY COLIN BROOKS

The appeal of uncertainty in uncertain times

In these uncertain times, it is no surprise that consumers are being more savvy with their money. Nowhere is this better evinced than in the growing popularity of outlet retail, which is now more attractive than ever to the UK’s bargain hunting consumers.

Man of the Year 2017

Jonathan Doughty, Global Head of Foodservice at ECE, was chosen by the editorial team of ACROSS and its Advisory Board as the most outstanding person of the industry in the past year. His selection also reflects the increasing relevance of gastronomy areas in European retail properties.

MAN OF THE YEAR 2017

Man of The Year 2017 – The Laudation

The editorial team of “ACROSS - The European Retail Real Estate Magazine” and its Advisory Board, which consists of 18 top experts of the shopping center industry, has chosen the most outstanding person of the industry in the past year - the “Man of the Year 2017.”

OUTLOOK 2018 – “SUBSTANTIAL TRANSFORMATIONS AND CHANGING SHOPPING PATTERNS”

From “A” as in “Apsys” to “U” as in “Unibail-Rodamco Germany”: Representatives of 27 companies of the European real estate industry venture a glimpse into the industry’s near future.

Thomas Mark joins ACROSS Advisory Board

The ACROSS Advisory Board is happy to announce its latest addition and welcomes Thomas Mark as its new member.

Events

20th Retail Symposium by RegioPlan, April 26, 2018 VIENNA, AUSTRIA

The 20th Retail Symposium will take place on April 26, 2018 at one of the most beautiful locations in Vienna - the Orangery of the historic Schönbrunn Palace.

COMPLETELY RETAIL MARKETPLACE UNITED KINGDOM, APRIL 24, 2018, LONDON

Completely Retail Marketplace is a one-day, leasing-focused event all about deals. It brings retailers, landlords and agents together to do business.

ICSC’s EUROPEAN OUTLET CONFERENCE 2018, APRIL 25 – 26, BARCELONA, SPAIN

The Hotel Fairmont Rey Juan Carlos I in Barcelona will host this must-attend event dedicated to the European outlet sector on April 25 and 26.

Retail Tour: Gastronomy improves POS experience APRIL 12 – 13, 2018, LONDON, UNITED KINGDOM

Retail Tour of the Shop Academy by Umdasch Shopfitting: Gastronomy improves POS experience.

SEE PROPERTY FORUM 2018, MARCH 29, BUCHAREST, ROMANIA

The SEE Property Forum 2018 will take place on March 29, at the Radisson Blu Hotel in Bucharest.

9TH MAGDUS EUROPEAN OUTLET CONFERENCE 2018, MARCH 21, PARIS, FRANCE

Since 2004 Magdus, the European Outlet Centres Observatory, has offered research, insight, and consultancy on this rapidly expanding retail format.

Development

WHERE THE MANY PEOPLE MEET IN SOUTHERN PORTUGAL

On October 26, IKEA Centres opened MAR Shopping Algarve, their second shopping center in Portugal, a vibrant meeting place, designed to surprise.

Retail park Liptovský Mikuláš: H&M is the anchor tenant

The Austrian company Soravia is developing the retail park Liptovský Mikuláš in central Slovakia. The opening is scheduled for September 2018.

“We don’t want to rush with the leasing”

Belgrade’s Ada Mall will open its doors at the end of 2018. In an interview with ACROSS, Arn Willems, Managing Director Croatia at GTC, responsible for overseeing the leasing of Ada Mall, explains the relevance of the optimal tenant mix.

PROJECTS & OPENINGS EUROPE

Bispevika in Norway, Eperia in Slovakia, Loom and Wilmersdorfer Arcaden in Germany, Vialia and Palmas Altas in Spain, CityLife Shopping District in Italy, Meadowhall in the United Kingdom.

PROJECTS & OPENINGS INTERNATIONAL

Jardín Plaza Cúcuta shopping center, carried out by Sonae Sierra and the Colombian company Central Control, and The Shops at Clearfork, a 46,400-sq-m, open-air luxury shopping, dining, entertainment, and mixed-use destination situated in the heart of Fort Worth, Texas, USA.

Largest Shopping and Leisure Center in Central Switzerland Opens

Freo Financial & Real Estate Operations Gmbh, a pan-European investment manager and developer, is the company behind the “Mall of Switzerland” near Lucerne, with a total area of 65,000 sq m.

Center Management
BY MAXIMILIAN LUDWIG

The Yin and Yang of Shopping Centers

The way malls co-exist with their immediate surroundings is currently undergoing a fundamental structural change–on a multitude of levels.

THELEISUREWAY COLUMN

The leisure formula

In every article that I read, in every discussion that I have, and in every forum that I attend, everyone continuously repeats that the times of those traditional concrete boxes full of standardized shops are over.

Increased appetite in Sweden

Grosvenor Europe knows that, with the rise of e-commerce, it is essential to provide a full shopping, leisure, and dining experience to meet guests’ needs. They are thus implementing appropriate measures - for example in Sweden.

FOODSERVICE COLUMN

THE “FULL SERVICE” CIRCLE…

Most people who have worked in the hospitality industry understand the “full service” circle. This describes how we have to work hard for our guests to provide them with exactly what they want, whether in a restaurant, bar, or hotel, by working as a team.

THELEISUREWAY COLUMN

Place changers

theleisureway column by Gastón Gaitán.

Do you know your customers?

How Big Data, mobile devices and social media revolutionize traditional customer retention management.

Retail

An award for “First Store by Alexa”

The winners of this year’s “Real Estate Marketing Award 2017” were again honored at the international real estate fair Expo Real in Munich. The winners in the “retail” category are Union Investment Real Estate/Sonae Sierra/21Media for their “First Store by Alexa,” a new competition concept for innovative store ideas.

Opening of the BWT Flagship Store in Moscow

BWT, Europe’s leading company for water technology, with headquarters in Austria, entrusted Umdasch Shopfitting with the design of its first bricks-and-mortar brand world.

RETAIL TECHNOLOGY

Big brother reloaded | retail technology at intu

Audience recognition cameras in intu Victoria Centre in Nottingham will ensure that customers receive personalized content.

RETAIL TECHNOLOGY

Big brother reloaded | retail technology at intu

Audience recognition cameras in intu Victoria Centre in Nottingham will ensure that customers receive personalized content.

From Digital to Physical

Fashion brands lead the pureplay-to-omnichannel transition as the role of physical stores in the UK evolves.

Retail Technology: Launch of Hyper-Reality Experience

“Tick Tock Unlock” makes Trinity Leeds the first shopping center in the United Kingdom to provide a VR-powered hyper-reality experience to its customers.

Factory Outlets

Construction Works Underway for City Outlet Wuppertal

The Clees Group has officially started construction of the City Outlet Wuppertal. The preparatory measures have been running since July. From this point on, things should continue at full speed for the centrally-located project in Döppersberg, in the district of Elbersfeld.

First Outlet Center in the Ural Region

The first outlet center in the Ural Region of Russia will be opened for customers in Yekaterinburg on December 18, 2018.

HMSHost International Enters the Outlet Center Segment

HMSHost International, the world leader in food and beverage services for travelers, opened six new food & beverage outlets at McArthurGlen Designer Outlet Roermond in April. It signed a 10-year contract with an estimated valueof over €100 million.

“Eating is the new shopping”

HMSHost International entered the outlet center market last April. In an interview with ACROSS, CEO Walter Seib explained how he creates places to be for shoppers with appetite.

Parndorf Fashion Outlet — More Frequency with Style

Viennese Art Nouveau is the inspiration for the new designs of Austria’s Parndorf Fashion Outlet and Freeport Fashion Outlet. The outlet owners have further ambitions: purchases are planned across Europe.

Ready for Cannes

Neinver appointed Barbara Somogyiova as its new leasing director Europe at the beginning of September. In an interview with ACROSS, she revealed, among other things, that the company will present new projects and share the details of its tourism strategy at Mapic.

Investment

German Council of Shopping Centers, Forum Asset Management

Industry peers discussing latest market trends and tackling challenges with confidence.

“We currently have an oversupply of retail space in Switzerland”

Bruno Kurz is the CEO of Swiss real-estate service provider Immoveris. In his interview with ACROSS, he explains why marketing is not just marketing and how real estate transactions can work ideally.

Retail park in Amberg, Bavaria under the hammer

The Hahn Group has acquired a retail park in Amberg, Bavaria, for the institutional Hahn German Retail Fund II.

€335 MILLION CREDIT AGREEMENT – ALSO FOR WESTEND CITY CENTER IN BUDAPEST

Gránit Pólus Group has signed a credit agreement of €335 million with a syndicate of Erste Group Bank, Erste Bank Hungary Zrt., UniCredit Bank Hungary Zrt., UniCredit SpA, and K&H Bank Zrt. to refinance existing loans and provide a capex credit line for WestEnd City Center in Budapest.

Deutsche Hypo finances mall in Gdansk

Deutsche Hypothekenbank is financing Galeria Baltycka in Gdansk for the property company Shopping Center Galeria Baltycka GmbH and Co. KG sp.K.

“We want to expand our activities”

Commerz Real is putting out feelers for new shopping centers. In an interview with ACROSS, Katharina von Schacky, Global Head of Real Estate Markets Shopping, reports that purchase prices are somewhat unrealistic.

Studies & Reports

Retail Investing in Energy Efficiency

A recent EHI study analyzed energy optimization measures in the retail sector.

Size Does Matter

The drafters of the Savills Global Luxury Retail Report have discovered that luxury retailers are currently focusing on top locations.

Non-Retail Tenants as Turbo

A report from the Urban Land Institute (ULI) and JLL finds that non-retail tenants - including F&B, leisure, and community amenities - have led to 28% estimated rental value growth, a 7.24% increase in footfall, and a 1% decrease in vacancy rates across 12 European malls in the past 12 months.

City Report Berlin – the place to shop

“Berlin is poor, but sexy.” That’s how Klaus Wowereit, then-mayor of Berlin, characterized the German federal capital in 2003. This mainly referred to the city’s massive debt, which then amounted to around €50 billion.

EUROPEAN RETAIL IN 2017

GfK study on key retail indicators: 2016 review and 2017 forecast.

ICSC

No “One-Size Fits All” Optimum Solution

The ICSC recently published its study “The Successful Integration of Food & Beverage Within Retail Real Estate.” Here is a summary of its findings.