ACROSS | The European Retail Real Estate Magazine

Ticker

Gourmet Burger Kitchen to open at Highcross, Leicester, UK

Hammerson announces that Highcross shopping centre is set to welcome Gourmet Burger Kitchen (GBK) to its dining offer, marking the brand’s debut in Leicester.

Ticker

Redevco acquires prime retail property in Rotterdam

On behalf of one of its investor clients retail real estate investment manager Redevco has acquired a 5,540 sqm retail unit from Investore for €28.5 million.

Ticker

NEW GENERATION OF CINEMA TO OPEN IN ITIS

Wereldhave Finland has reached an agreement with Finnkino to open a 9 screen cinema in its shopping centre Itis in Helsinki, Finland with an anticipated opening at the end of 2018.

Topics
Opinion

The future of Retail Real Estate

Retail properties are defined by their users: retailers. If their occupants are doing well, the objects are considered to be attractive, sustainable investments.

Events

COMPLETELY MARKETPLACE IRELAND 2017

Completely Marketplace takes place in Dublin on February 28, 2017.

Development

Mall of Switzerland: New marketing mandate for SPG Intercity Zurich AG

The Mall of Switzerland, the country’s second largest shopping and leisure centre, will open in autumn 2017. SPG Intercity Zurich AG has now been entrusted with leasing out the retail floor space.

Center Management

Christmasworld’s “Premium” Business Program: New five-day concept, new location

Christmasworld’s “Premium” Business Program, which runs from January 27 to 31 in Frankfurt, has laid on some innovations.

Retail

Putting retailers, agents, and landlords together

According to Simon Millar, Sales Director at Completely Retail Marketplace, bringing the right mix of people together inevitably leads to effective dealmaking.

Factory Outlets

Building permit for Barbarossa - Hesse’s first downtown outlet center

JOH will be transformed into Barbarossa. The old department store in Gelnhausen will be a modern outlet center by the spring of 2018.

Investment

“Emotions can of course arise toward a building”

TriGranit recently sold Bonarka City Center (BCC). CEO Árpád Török spoke with ACROSS, among other things, about a very eventful 2016.

Studies & Reports

eCommerce in Germany: Highly Variable Regional Potential for Product Lines

The distribution of online potential for product groups such as food, clothing, consumer electronics and DIY items differs substantially from region to region. Recently GfK published its findings in the first-ever study on regional online potential for 17 product groups in Germany.

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Opinion
BY MARIJE BRAAM-MESKEN

THE CHANGING ROLE OF ANCHOR TENANTS

Anchor tenants play a very important role in making of a retail destination. The stronger—and traditionally the bigger—the anchor store is, the better the chance that a shopping center will attract consumers.

BY RAINER KUNDÖRFER

Do regional real estate service providers still have a future?

Classic retail property development offers the market ever fewer new projects.

BY MARTIN BREEDEN

Retailing at your leisure

We know that as consumer habits in the UK and beyond evolve, our customers no longer see leisure, shopping and dining as completely distinct activities. And they’ll also not think twice about switching back and forth between online and offline channels to explore, share ideas or buy.

BY TOBIAS ALSBORGER

STEADY AS SHE GOES

While the threat from e-commerce is a dominant theme for retail real estate in the Nordics, the well-located retail centers in Nordic capital city regions driven by local supply offer a more positive outlook.

Your opinion, please!

ACROSS asked local industry players how they assess the Brexit’s impact on the British retail real estate market. Here are their statements.

By Reinhard Winiwarter

No Good Prospects

Brexit is no longer just a word—since June 23rd, it has been a real threat. While British exit advocates celebrate the country’s seeming newfound sovereignty, the shock is all the more severe for Brexit opponents. No wonder, since it means the wholesale redefinition of the closely linked economic relations between the UK and the EU.

Events

BRITISH GRI 2017, APRIL 25-26, LONDON, UK

Why Attend a GRI Meeting? Global Real Estate Institute - Real Estate Investors & Developers World Wide

MIPIM 2017, MARCH 14 – 17, CANNES, FRANCE

A technology revolution, geopolitical instability and societal changes are sweeping through the business world. As a result, property professionals are facing new challenges that drive them to understand their business differently.

RECON EUROPE 2017, MARCH 22, LONDON, UK

The ICSC is hosting RECon Europe in the Business Design Centre in London on March 22, 2017.

Shoptalk Europe 2017, October 9-11, Copenhagen, Denmark

Serial venture-backed entrepreneurs launch groundbreaking New European Retail & Ecommerce Event — Shoptalk Europe.

13th German Commercial Real Estate Convention 2017, February 1 – 2, Berlin, Germany

The theme of the event held in the Ellington Hotel Berlin will be “Retail Space of the Future and the Impact on Retail Real Estate—Visions, Innovations, Challenges.”

PROVADA 2017, MAY 30 – JUNE 1, AMSTERDAM

PROVADA is the definitive annual meeting point for those in the real estate sector.

Development

MAPIC 2016

The Most Exciting Retail Real Estate Projects.

Projects & Openings International

Vicinity Centres and Perron Group have welcomed the approvals from the Metro Central Development Assessment Panel and the City of Bayswater of the redevelopment of Galleria at Morley.

IKEA Centres Plans Further Expansion in China

LIVAT, the new shopping center brand developed by IKEA Centres in China, is taking off. It plans to open a new mall every year from 2020.

Radical Simplification

Bayerische Versorgungskammer acquired the Stafa Tower last June. Immediately prior to the transaction, BEHF Corporate Architects refurbished and modernized the 100-year-old Viennese building.

SIGNA invests more than 4 billion Euros in new projects in the core markets

In Munich two attractive inner-city projects are being developed.

Strategically placed at a new public transportation hub

Futureal is launching Etele Plaza, Budapest’s last major shopping center development and the cornerstone of the area’s revitalization.

Center Management
BY GASTÓN GAITÁN

My father: “Listen to the people—it’s music!”

theleisureway Column by Gastón Gaitán

Service and Information Needs in Retail Parks

From May to June 2016, facility management employees in 11 German retail parks recorded what concerns visitors, store employees, and suppliers had for them. Here are the results and the conclusions facility service supplier Wisag draws from them.

“TOGETHER, WE CAN DELIVER A DEPTH AND RICHNESS OF CUSTOMER INSIGHT NOT YET SEEN”

Tyco Retail Solutions has announced the integration of its ShopperTrak and FootFall businesses as a single customer analytics powerhouse. We spoke to Gary Whittemore, ShopperTrak’s new General Manager for EMEA and ROW, about what the merger means for the retail sector.

“Happy New Business” at the next Christmasworld

Events and highlights with some top-selling ideas for business. That is what Frankfurt’s Christmasworld, the international trade fair for seasonal and festive decoration, provides. It runs from January 27 to 31, 2017.

BY MORITZ FELIX LÜCK

A Forward-Looking Orientation for Retail Parks and Hybrids—Positioning, Profiling, and Branding

The following considerations are a summary of the key aspects relating to retail parks as brands in the market report “Retail Parks in Germany. Positioning and Profiling—How Do Centers Become Brands?” which MEC published in October 2016 with partners Corpus Sireo, Dr. Lademann & Partner, GfK, Savills, and TH Real Estate. *

FOODSERVICE COLUMN

Brexit and “Brand Britain”

On June 23, 2016, the people of Britain voted to leave the European Union. More than 30 million people voted, with a much higher than expected turn out, especially in the younger voters.

Retail
RETAIL TECHNOLOGY

“Working with accurate information”

In an interview with ACROSS, Rob Clarke, Center Manager for The new Strand in Merseyside, spoke about how his team has embraced traffic- and location-based technologies to boost performance.

RETAIL TECHNOLOGY

From data to wisdom: How connecting the dots creates an important opportunity

Movvo has just come to market with a new generation of data collection and diagnosis technology enabling transformational change in the retail industry.

When Online Goes Offline

More and more online retailers are entering the world of bricks-and-mortar retail. According to Kai Hudetz, Managing Director of the IFH Köln, Institute for Retail Research in Cologne, they dream of locations in high-traffic malls.

BY MANUEL JAHN

Fashion and lifestyle venues offer clues to the future of retailing

Almost no industry is as affected by globalization and digitalization as the fashion and lifestyle market. Consumer trends and innovations within this segment are growth drivers for other areas of retail.

“Berlin is bubbling with creativity and Europe’s new capital for Start Ups”

Markus Heckhausen founded the Berlin iconic brand Ampelmann and is a member of the city’s next retail platform: “First Store by Alexa”. In an interview with ACROSS, he explains why the German capital is fertile ground for start-ups in bricks-and-mortar retail.

Gift Cards for Shopping Centers: Individual and Innovative

RETAIL TECHNOLOGY | Gift cards are becoming more and more popular. With a shopping center gift card, consumers are always sure to give the right present. That is why it is also important for malls continuously to adopt to this trend and offer their own individualized gift cards.

Factory Outlets

Green light for Mill Green

The development of a new premium outlet shopping destination in the West Midlands moved a step closer as development partners U+I and Rioja Developments confirmed receipt of full planning permission.

NEINVER enters the Czech market – Partnered with The Prague Outlet

Neinver is continuing its growth in Europe by entering the Czech market, the eighth country in which the company has a presence. The company has partnered with The Prague Outlet to forge a joint venture launching Prague The Style Outlets, the first premium outlet center in the Czech Republic.

“Special Skills in Demand”

In November 2008, immediately after the bankruptcy of the US investment bank Lehman Brothers, two Austrian investors, Thomas Seikmann and Manfred Schlager, opened Croatia’s first outlet center: Roses Designer Outlet in Zagreb. After years in a difficult market environment, they have managed to establish the retail property firmly in the market.

Location as key to the success of an outlet center

That is one of the main messages from a white paper recently published by Neinver on France’s outlet center market.

Poland’s outlet centers are facing a transformation

According to a report prepared by BNP Paribas Real Estate Poland, over the next couple of years, the outlet center market will see growth in the form of 22,000 sq m of new supply.

Outlet Shopping

Why outlet center operators are increasingly seeking to emancipate themselves from the “factory” image and why large investors now also like to “shop” there.

Investment

„Glasgow will be targeted“

In this interview with ACROSS, Anne Murray from InvestGlasgow and Stephen Bibby from Cushman & Wakefield explain the Scottish city’s investment opportunities.

“Investors want to benefit from specialist sector knowledge”

Shopping center investors have manifold expectations of their asset managers. Steffen Hofmann, Founder and CEO of iMallinvest Europe, knows all the specifics from his daily work.

Investments in Department Stores – Potential Tops Returns

German department stores are good investments - if you recognize the development opportunities, that is.

Investment News

ACROSS EU 2016 Investment News

BY STEFFEN HOFMANN

KEY PERFORMANCE INDICATORS III – Let’s talk about lease length!

An important metric used by real estate investors to measure the overall tenancy risks of multi-tenant properties like shopping centers is the Weighted Averaged Unexpired Lease Term.

Investment News

ACROSS EU 2015 Investment News

Studies & Reports

BREXIT

How the United Kingdom’s exit from the European Union will affect the British shopping center industry.

Prime rental rates in Bulgaria remain steady

Colliers recently published a “Retail Market Overview” of the first half of 2016 in Bulgaria. It indicates that the market will undergo sustainable development, with decreasing levels of supply and stable demand until the end of the year.

Development of Retail Parks Accelerates throughout Europe

According to a recent report by Cushman & Wakefield, the sales area of European retail parks will increase by 50% more in 2016 than in the previous year. This growth is due mainly to developments in France, Italy, and the UK.

CITY REPORT

Glasgow: the Shopaholic’s Paradise

In an interview with ACROSS, Frank McAveety, Leader of Glasgow City Council, explains how the City Center Strategy protects and progresses the retail offer.

Revitalized & quarterly oriented

The EHI Retail Institute recently presented the German “Shopping Center Report 2016.” It reports that only four new projects will be completed this year. Revitalizations and neighborhoods centers currently prevail.

Shopping centers in Moscow will decrease

The annual volume of new Moscow shopping centers will decrease to 460,000 sq m in 2016. Almost 90% of 2016 completions will come from postponed projects.