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ACROSS
CHRISTOPH ANDEXLINGER BECOMES NEW CHIEF EXECUTIVE OFFICER AT SES
As of January 1, 2023, the Austrian SPAR Group will reorganize the management of its international shopping center division SES: The current COO Christoph Andexlinger will take over as CEO.
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MAPIC AWARD WINNERS ANNOUNCED
Congratulations to all MAPIC Awards winners, which were honoured for their excellence, innovation, and creativity in the retail real estate sector.
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ECSP DESIGN AND DEVELOPMENT AWARDS 2023 FINALISTS ANNOUNCED
ECSP announced the finalists of the Design and Development Awards 2023 at MAPIC 2023. The winners will be awarded in a ceremony in March 2023.
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EVOLUZZER WANTED – FMZ REPORT APPEARS IN TENTH EDITION
The MEC-Publication for retail real estate deals with the formative changes in the sector. The clear message: The real estate industry must stand together and act together.
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MALL OF THE FUTURE
Meeting customer expectations for omnichannel experiences is key to the success of the mall of the future, argues Peter Tonstad in his PropTech column. His company, Placewise, is heavily investing in products in order to address the longer-term expectation that shopping centers will become true omnichannel offerings.
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THE LATEST PLACEMAKING NEWS

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MAGAZINE

LATEST ISSUE

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OPINION

COMMENTARIES OF PLACEMAKING EXPERTS

Left: Glasgow’s flagship Silverburn Shopping Center has an on-site management and operations team of 12 individuals. Credit: Silverburn. Right: Nick Hilton. Partner for Retail and Leisure at Workman. Credit: Workman

A SLICE OF THE UK RETAIL PIE OFFERS PLENTY TO CHEW ON

The prospect of getting a slice of UK retail is not without its risks, regardless of whether the bottom of the market has been hit in terms of shopping center investment. For many first-time buyers in this asset class, the time to focus on getting the basics right has come.

credit: HyperIn

HyperIn: Winter Is Coming …

Retail real estate is facing tough times as we close in on the prospect of a long, cold winter. Amidst the impending energy and economic crisis and an escalating threat resulting from a war in Europe, for many, the fear is here. Investor insecurity is high, and property owners are wary of fuel and finances running into scarce supply. However, as we have learned from the COVID-19 pandemic, where there is a challenge, there is also an opportunity.

Credit: Festival Place

TIME FOR SHOPPING CENTERS TO TRULY EMBRACE THEIR COMMUNITIES

As Festival Place is due to turn 20 later this year, now seems to be an opportune moment to reflect upon what defines it as a shopping center, a leisure destination, and a community amenity. Neil Churchill, Center Director of Festival Place, one of the UK’s Top 22 shopping centers, shares his view on the importance of community investment.

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DEVELOPMENT

PROJECTS, TRENDS AND STRATEGIES

Left: Giles Membrey, Managing Director Rioja Estates. Right: At Malmö Designer Village, Rioja Estates will be investing around 5.5 million euros in landscaping. | Credit: Rioja Estates

WHAT IS THE PRICE OF SUSTAINABILITY?

Brands have long understood the importance of presenting their sustainability credentials to consumers. Along with other policies, such as those relating to bullying in the workplace and mental health, sustainability plays an important part in a brand’s identity, and rightly so.

The most promising development projects

Despite all challenges, a lot is happening in the retail real estate industry and great projects are in the making. This is best illustrated by the entries for the MAPIC Awards 2022 category “Best performing Shopping Center”. They include assets such as shopping centers, outlets, and retail parks. They show innovation through new technologies, customer loyalty programs, retail mixes and architectural features which come together for the aim of increasing footfall, customer satisfaction, average spending and offering a unique experience in a new shopping destination. All these outstanding projects demonstrate the strength, innovation, and positivity of our industry.

The impact of war: Ukrainian retail real estate market in 2022

Ukrainian Council of Shopping Places, a member of the European Council of Shopping Places (ECSP), has published a report providing insights on how retail destinations are adapting to the war and the impact it is having on the market. This report, which is exclusive to ACROSS, calculates losses and damages suffered by the shopping centre industry, retail turnover losses and shows reopening plans for some shopping centres.

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MANAGEMENT

LATEST TRENDS IN ASSET AND CENTER MANAGEMENT

credit. URW

WESTFIELD HAMBURG ÜBERSEEQUARTIER: CREATING A BETTER PLACE!

Better Spaces, Better Communities, and Better Together – those are the pillars upon which Unibail-Rodamco-Westfield’s sustainability strategy is based. URW is committed to playing a key role in the environmental and energy transition. As such, the company has been implementing its “Better Places 2030” sustainability strategy since 2016.

Credit: Christian Stemper

Real Estate Marketing – Why Not Do It Better?

“The world keeps on turning, but marketing strategies have been the same for decades,” is the verdict of Bernhard Klein, Chief Marketing Executive of IMMOFINANZ, on traditional marketing efforts in the retail asset class. In his guest contribution, he outlines various opportunities and improvements with the help of software-based automation of sales and marketing processes.

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RETAIL

STRATEGIES OF RETAILERS

MAPIC Award Winners announced

Congratulations to all MAPIC Awards winners, who were honoured for their excellence, innovation, and creativity in the retail real estate sector.

Credit: HBB

COMMUNITY EVENTS: “IT IS ULTIMATELY ABOUT THE EMOTIONAL CONNECTION TO THE CENTER!”

The role of shopping center events has changed: So-called “community events” have become increasingly common. They often replace traditional event formats that have dominated the center event scene for many years. André Stromeyer, Managing Director at HBB, and Anita Stampfl, Special Projects Manager at HBB discuss why the situation is the way it is, where the advantages and challenges lie, and why this fact does not make center marketing any easier.

New Retail Reality – A New Goal Through Winding Roads

Why should customers visit stores in which they know exactly what to expect? In order to captivate their guests, stationary stores need a network of creative ideas, event plans, a talent for creating narratives, and a considerable amount of boldness. Therefore, some old dogmas have to be thrown overboard.

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PROPTECH

RETAIL TECHNOLOGY

MALL OF THE FUTURE

Meeting customer expectations for omnichannel experiences is key to the success of the mall of the future, argues Peter Tonstad in his PropTech column. His company, Placewise, is heavily investing in products in order to address the longer-term expectation that shopping centers will become true omnichannel offerings.

credit: Coniq

How to Leverage Green Loyalty at Your Retail Destination

Now, more than ever, consumers want to reduce their overall expenditure, lower their consumption, and adopt sustainable practices. As a result, retail destinations must incorporate sustainability to meet growing customer expectations and nurture their customer relationships. That is why Coniq has created this list of top tips to help start any mall’s sustainability journey.

credit: HyperIn

HyperIn: Winter Is Coming …

Retail real estate is facing tough times as we close in on the prospect of a long, cold winter. Amidst the impending energy and economic crisis and an escalating threat resulting from a war in Europe, for many, the fear is here. Investor insecurity is high, and property owners are wary of fuel and finances running into scarce supply. However, as we have learned from the COVID-19 pandemic, where there is a challenge, there is also an opportunity.

Prioritizing Digital Innovation During a Downturn?

At a time of record high inflation and rising interest rates, consumers are expected to spend less on virtually everything for the foreseeable future. Naturally, companies are focused on operational efficiency and cost cutting. Both investment and innovation are often deferred or postponed.

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FOOD & BEVERAGE / LEISURE

LATEST TRENDS

credit: Kaufland

Kaufland opens in Bucharest the 1500th store in its European network

A small retailer in southern Germany has become one of Europe’s leading food retailers with major expansion plans: This week Kaufland opened in Bucharest its 1500th store – a great milestone in the Kaufland success story. Angelus Bernreuther, Head of Investor Relationship Management, looks back at Kaufland’s corporate history and explains how, starting with its solid roots, the future of the company is being shaped, especially during challenging times.

credit: Angel Central

ANGEL CENTRAL LONDON – A REFURBISHMENT PROJECT INVOLVING THE NEIGHBOURHOOD

The renovation of Angel Central Shopping Center in London is a great example of why the community should not only be involved in the selection of the offer but also in architectural decisions. This article was created as part of reporting on the ACROSS readers’ trip to London in cooperation with the ACSP.

credit: Inspire Real Estate Advisory

Food Hall Revolution in Poland

Food halls contradict the traditional real estate model. However, they are a successful format attracting all generations. Here are some examples from Poland.

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INVESTMENT

PLANS OF INVESTORS AND OWNERS

credit: AXI IMMO

Polish Retail sector dominated by portfolio deals

Investors feel safe again in Poland. The total volume of investment transactions in H1 2022 amounted to almost 2.9 billion Euro, which was more than 40% more than in the same period last year. 28% of all investments were made in the shopping center sector.

Altera acquires local shopping center Het Stroink

Altera Vastgoed has acquired off-market local shopping center Het Stroink in Enschede (NL) from WP Retail Invest CV (“WPRI”). The center has recently been renovated by WPRI to create a retail complex with a pharmacy, a medical center, three primary schools, a nursery and a petrol station.

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EVENTS

WHERE THE INDUSTRY MEETS

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