ACROSS | The European Retail Real Estate Magazine

Ticker

Sonae Sierra avoids operating costs of €24.5 million in 2017 thanks to its sustainability measures

Sonae Sierra’s performance in 2017 surpassed expectations with economic and operating results that highlight the company’s successful implementation of its strategy.

Ticker

intu adds The Florist to its £180 million extension at intu Watford

New World Trading Company (NWTC), known for its iconic venues, has chosen to open its latest venture, The Florist, at intu’s transformational retail and leisure extension in Watford which opens later this year.

Ticker

redos acquires retail park in Goslar for special fund

The redos Group from Hamburg has acquired a retail park in the Lower Saxony town of Goslar.

Topics
Opinion

How the EU’s General Data Protection Regulation affects the European shopping center industry.

How the EU’s General Data Protection Regulation affects the European shopping center industry.

Events

ULI Netherlands Conference 2018, May 23, Amsterdam, Netherlands

Thriving Urbanity: How to create the social and physical infrastructure to achieve and sustain it.

Development

A Greek tragedy – with a happy ending?

According to the developer, Europe’s biggest urban regeneration project is about to take shape on the area of the former Hellinikon airport – including a shopping center. Implementing this project, however, is very challenging.

Center Management

Developers continue to push pop-up spaces

With these spaces, they give online brands the opportunity to launch a test balloon and find their footing in stationary retail. But also car companies like Tesla and Volvo work with this retail format.

Retail

Ikea finds its way into the city

The Swedish furniture giant may still be in the planning stage for this project, but worldwide first Ikea city-location at Vienna’s Western Train Station is already beginning to take shape.

Factory Outlets

6B47 builds Outlet Center Silesia in Gliwice

The opening of the outlet center’s 120 shops on a total area of 20,000 sq m is scheduled for the first quarter of 2019.

Investment

Takeover-wave in the international shopping center industry

Hammerson, the British real estate group, rejected yet another takeover offer by the French Klépierre Group, as the industry in general seems to be particularly interested in mergers right now.

Studies & Reports

New investors expected in Romania

Liviu Tudor outlines two current areas of focus for retail developments in the CEE-country: the construction of retail parks in small cities and the extension of existing commercial areas in larger cities.

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Opinion
BY BIRGIT HARASSER

Shopping Centers and the New European Data Protection Regime

The European General Data Protection Regulation (GDPR) will come into force on May 25, 2018. It harmonizes data privacy laws across Europe. Companies will be more accountable for their handling of people's personal data and it will change how they handle information about their customers, their employees and their suppliers.

BY ALBERTO GONZÁLEZ

Towards the new reality of shopping malls

All through the years, commercial models in the retail sector have been evolving in alignment with changing consumer habits. It goes without saying that these consumer habits have experienced a huge transformation lately, especially due to the rapid advance of technologies and the digital era. However, I don’t believe that the boom of ecommerce will lead to the extinction of most shopping malls.

BY JESSICA BERNEY

DON’T FORGET THE WORKERS

Often, the viability of a retail destination is judged by its catchment and the affluence of the local residential population.

BY ALISON BOWCOTT-MCGRATH

Retail Events – Raising the Game

Consumers have the technological freedom to shop whenever and wherever they want, and brands are expected to work much harder than ever before to maintain their loyalty.

BY KATHARINA VON SCHACKY

Digi killing the bricks- and mortar star?

Digitalisation, especially in the form of online trade, often gets blamed for dramatic changes in the retail sector, and the death of the classic old-school store. One might think that it is putting an end to the brick and mortar star, currently shining brightly in the investment sky.

BY BILL KISTLER

RETAIL REAL ESTATE – HELP WANTED

Since real estate has become both more professional and specialised, dedicated undergraduate and postgraduate real estate education has become widely available. Investing in optimising through ongoing professional development yields returns for both the individual and the organisation.

Events

3rd International Restaurant Real Estate Congress 2018, MAY 29 – 30, BERLIN, GERMANY

The 3rd International Restaurant Real Estate Congress will be held on May 29 and 30, 2018 in Colonia Nova, Berlin.

Retail Secrets Tour, May 17, 2018 Amsterdam, Netherlands

The retail insiders share their own personal secrets with you.

MIPIM PROPTECH EUROPE: SUMMIT MEETING FOR PROPERTY AND TECHNOLOGY

MIPIM PropTech Europe, the premier international business and networking event for the property and tech sectors, announces its main theme and the first startup companies to sign up.

ULI Germany Urban Leader Summit 2018, May 16 – 17, Frankfurt, Germany

The Urban Leader Summit is the ultimate public-private platform on sustainable real estate and urban development.

ICSC EUROPEAN CONFERENCE 2018, APRIL 25 – 26, BARCELONA, SPAIN

ICSC’s European flagship conference at Hotel Fairmont Rey Juan Carlos I will gather over 800 retail real estate industry leaders from around the world to share insights and opportunities.

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.

Development

New shopping centers to be opened in Germany

2017 did not see any traditional new openings in Germany. Eight new centers are scheduled to enter the market this year, reports the EHI Retail Institute.

PROJECTS & OPENINGS EUROPE

Benoy’s project Vadistanbul mall north of Istanbul | Galeries Lafayette Flagship Store Luxembourg | Kongahälla Shopping in Kungälv located north of Gothenburg | Belgrade Waterfront project in Serbia | ECE´s Hessen-Center in Frankfurt | The redevelopment of the Whitgift mall by the Croydon Partnership – a joint venture between Westfield and Hammerson.

PROJECTS & OPENINGS INTERNATIONAL

Ivanhoé Cambridge announced a large-scale redevelopment project for the Montreal Eaton Centre. | Galeries Lafayette has signed the lease for a major new store in Shanghai, China in partnership with I.T. Limited, which is scheduled to open in late 2018. | The first phase of Grandscape in Dallas, Texas will open in May 2019.

BY DIRK K. WOLLWEBER

From retail to hotel real estate

New perspectives regarding conversion and development potential are opening up for inner-city retail shops and department stores.

“We are not portfolio holders”

INVESTER United Benefits is one of the most active players on the Austrian real estate market. ACROSS spoke to INVESTER co-founder Franz Alexander Kollitsch and Thomas Seikmann, managing director of the company's own center management company Ekazent, about the company's retail activities.

BY UDO RADTKE

BELGRADE – AN INSIDER TIP ON THE DANUBE?

The Serbian capital tends to be viewed as more of an insider tip than a universally acknowledged hotspot, among expansion-minded European retailers. This is partly due to the city’s challenging retail conditions.

Center Management

Riding the wave

Indoor surfing and shopping seem to be perfectly suited to one another.

Trampolines are coming

Shopping without leisure is about to become a thing of the past. But how do visitors want to entertain themselves? The increasingly frequent answer is jumping and bouncing, apparently.

MK ILLUMINATION SPECIAL

MK Illumination Special: Enlightening Your Vision

With today’s consumer looking for the 'experience', shopping centers can tap into emotions through attractive lighting displays and decorations that tell stories and actively engage them.

On the rooftop

The world's first modular hotel on top of a shopping center is built in Berlin.

In the name of security

As a response to past years’ incidents and to meet the rapid changes of risks that are affecting the industry’s security landscape, the Nordic Council of Shopping Centers (NCSC) recently released a “Guide to Shopping Center Risk and Security”.

„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

Bosch’s First Monolabel Store in Europe Opened

Umdasch was responsible for concept, planning, general contracting, shopfitting and digital retail.

BY MORITZ FELIX LÜCK

About the space-relatedness of the spaceless

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

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.

Factory Outlets

Prague The Style Outlets unveils first brands

Prague The Style Outlets announced some of the top brands that will operate in Prague’s flagship outlet centre.

Neinver reports growth to €917 million

Visitors to the centers in Spain, France, Germany, Italy and Poland totaled 41.7 million in 2017.

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.

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.

Investment

In times of disruptive markets, institutional real estate investors want to make sure that they are betting on the right horse

An exclusive ACROSS interview with Steffen Hofmann and Klaus Mennickheim, Managing Partners of iMallinvest Europe GmbH.

The new Union Investment Global Retail Attractiveness Index (GRAI)

The new Union Investment Global Retail Attractiveness Index (GRAI)

Retail: Nuanced investment approach in a global upturn.

BY DIRK K. WOLLWEBER

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

The challenges of valuating retail properties.

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.

Studies & Reports

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

Recruitments, promotions and appointments in the European Retail Real Estate Industry.

COUNTRY REPORT

Switzerland: Revitalization boom approaching

According to the current "Shopping Centre Market Report Switzerland 2018", the country's malls have an average age of 30. A number of refurbishments are pending. But that alone will not be sufficient for future market success.

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.

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.