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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...

Ampega and Hahn Group acquire Krohnstieg Center in Hamburg

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.

Multi Poland: Digital Integration positively impacts Retail Asset Value

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 is URW’s new Director of Finance Austria & Germany

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 transforms Dutch retail convenience center

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 announces Nike Unite Portsmouth at Gunwharf Quays

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.

Anne-Kathrin Velten appointed as new editor in chief of ACROSS Magazine

The ACROSS Magazine welcomes business editor Anne-Kathrin Velten as its new editor in chief.

Events
Opinion MORE

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 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.

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, independent retailers have maintained their position in the spotlight of the retail industry, be it bricks and mortar or online.

Focus buys Turawa Park shopping center in Poland

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 time for shopping centers to embrace e-commerce

“It is imperative for shopping centers to become part of the e-commerce economy; otherwise, your business will decline in the upcoming years.”

When there’s a will, there’s a way: The path to net zero carbon retail real estate

“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.”

Creating places people want to visit

“We are all convinced that placemaking makes brick-and-mortar retail attractive, forward-looking, and an experience.”

Development MORE

Mitiska Reim transforms Dutch retail convenience center

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.

Frasers Group and H&M announce flagship stores at Clerys Quarter

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.

Slovenia’s First Outlet Shopping Village Coming In 2023

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.

Immofinanz’s retail park brand Stop Shop grows in Croatia

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’s retail park in Turda cleared for construction

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.

Mixed-use tower Timber Pioneer in Frankfurt receives building permits

The construction of the project developed by UBM Development and Paulus Immobilien is entering the implementation phase.

Management MORE

Landsec announces new Managing Director Remco Simon

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 appoints Marrit Laning as Chief Strategy and Innovation Officer

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 is the New Property Manager Of Granroma Shopping Center

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 expands its service portfolio in Morocco with Aeria Mall

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.

People on the move

Recruitments, promotions and appointments...

Inditex: Óscar García Maceiras is the new CEO, Marta Ortega appointed as Chairwoman

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.

Investment MORE

Ampega and Hahn Group acquire Krohnstieg Center in Hamburg

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 sells Utrecht retail park to abrdn

Altera Vastgoed sold its property on Kaap de Goede Hooplaan in Utrecht to an abrdn fund.

Focus buys Turawa Park shopping center in Poland

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 acquires two mixed-use centers in Stockholm

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.

Redevco acquires 1960s Templars Square shopping center for €42.5 million

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 sells Silverburn shopping center to Henderson Park

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.

Retail MORE

Landsec announces Nike Unite Portsmouth at Gunwharf Quays

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.

Frasers Group and H&M announce flagship stores at Clerys Quarter

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.

Westland welcomes Peek & Cloppenburg back to Belgian market

The German company Peek & Cloppenburg, with its headquarter in Düsseldorf, moves into the new Westland Shopping Center in Anderlecht, Belgium.

Youseum enters German market at Westfield Centro

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 acquires two mixed-use centers in Stockholm

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.

Making the world a little better@Schön&Gut Vienna

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!

Proptech MORE

Multi Poland: Digital Integration positively impacts Retail Asset Value

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 develops new loyalty programs for Reem Mall in Abu Dhabi

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.

Shopping 4.0 at new “Innovation Space” in Hamburg

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.

Quarree Wandsbek upgrades exterior facade with 3D LED video walls

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 time for shopping centers to embrace e-commerce

“It is imperative for shopping centers to become part of the e-commerce economy; otherwise, your business will decline in the upcoming years.”

Mall of Qatar selects Coniq to design first ever customer loyalty program

Coniq’s total customer engagement platform will power Mall of Qatar’s strategy to deliver unique retail experiences for millions of shoppers.

Food & Beverage / Leisure MORE

Newly umdasch shopfitted Julius Meinl on Vienna’s Graben reopened

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.

Dining and working in the sky? Views beyond the crisis.

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?

Going Forward! Europe’s food retail sector in the corona-year 2020: the storm of the century

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.

Food retailers in their own words

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.

Food and Beverage Down Under

A look at Australia: A “Hospitality Mindset” to drive sales and deliver positive experiences in spite of Covid-19.

A brave new world – the shape of things to come

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?

Studies & Reports MORE

Where do our online sales go?

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.

Retail Parks–an attractive asset class in times of crisis and beyond

As retail parks become more and more enticing, RegioPlan looks at the market distribution of this asset class across Europe in the following study.

Retail Park Report 2021: One-Stop-Shopping instead of One-Shop-Stopping

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.

When there’s a will, there’s a way: The path to net zero carbon retail real estate

“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.”

An Overview of the Serbian Capital

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.