Feature | Management
Vacant retail spaces as Instagrammable experiences
Although empty shop windows have always been part of running a shopping center, there are more around than most center managers might like. The good news is that they are opportunities to create bite-sized experiences th...
Feature | Management | Ticker
People in move
Recruitments, promotions and appointments......
Feature | Opinion | Proptech
Developing our marketplace offering
“Retailers on average seem very happy that shopping centers are going down the path of fully serving them in the digital channels as they are doing in the physical space.”...
Feature | Retail | Studies & Reports
A closer look at Belgian retail parks
Retail parks have been the best performing and most resilient retail format in Belgium prior to and throughout the Covid-19 pandemic, resulting in a slight compression in yields by 25bps since the beginning of the year a...
Feature | Food & Beverage / Leisure
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 ca...
Feature | Retail
25 new brands came to the Czech market in 2020
Despite the coronavirus crisis, this is one brand more than 2019, according to a market survey by Cushman & Wakefield....
Feature | Opinion
Successful ESG Is a Team Effort
“Management networks are in the best position to tackle the complex task at hand.”...
Feature | Studies & Reports | Ticker
European retail markets pull out of downward trend in fourth quarter of 2020
The first Europe-wide lockdown in spring 2020 sent retail markets from Scandinavia to the Iberian peninsula into an unprecedented state of collective shock. This was reflected in the European retail industry barometer, t...
Development | Feature
About the Green Roof of Nivy Station
HB Reavis has created an oasis for leisure and retail in the heart of a lively district in the Slovakian capital. The 12,000-square-meter green roof serves as a highlight....
Development | Feature
Projects & Openings Europe
Cano, GERMANY +++ Galerija Belgrade, SERBIA +++ Galeria Andrychów, POLAND +++ Prishtina Mall, KOSOVO +++ Drehscheibe, GERMANY +++ Novum Presov, SLOVAKIA +++ Mesto Vstrechi, RUSSIA +++ AFI Brasov, ROMANIA +++ Center Alt-...
Why Proximity Marketing is the Future of Customer Engagment for Retail According to Coniq’s paper, geo-loyalty, the integration of proximity marketing, and customer loyalty programs are the future for retail d...
Ingka Centres, part of the Ingka Group, (which also includes IKEA Retail and Ingka Investments), has taken its first step to expand into India with a major land acquisition in India.
Colosseum Mall signed with the German retailer DEICHMANN to open a 500 s qm store, as part of the current expansion plan of the commercial center. With a network of over 100 stores across Romania, DEICHMANN comes one step closer to the community of North-West Bucharest, in an area of continous rising retail and residential segments.
In total, the company signed close to 1,500 leasing deals in 2020, including tenant rent negotiations, new leases and renewals. The resilience of the outlet industry is reflected by positive consumer demand whenever restrictions eased or lifted during 2020.
Cushman & Wakefield has appointed customer experience specialist Michelle Gloder as Head of Customer Experience within its UK Asset Services team.
The ATP consulting subsidiary redserve is expanding in Central and Eastern Europe. And the Croatian entrepreneur Denis Cupic is playing a leading role.
The optician is expected to open its third store in Hamburg at the end of March.
13th German Retail Real Estate Summit /// April 15 – 16, 2021 /// Van der Valk Airporthotel Düsseldorf, Germany Retail: Digital v quality focused business? City centers are in need of synergy!...
“Retailers on average seem very happy that shopping centers are going down the path of fully serving them in the digital channels as they are doing in the physical space.”
“Management networks are in the best position to tackle the complex task at hand.”
How rethinking real estate can transform brick and mortar into real dynamic platforms which again play a strong role within the omnichannel life.
“High streets and shopping centers will need to focus less on filling space with stock, and more on reutilizing that space for wider social and cultural needs, as well as for showrooming, fulfilment, back-of-house functions, and last-mile delivery.”
“The ingenuity of the architects makes it necessary for the techniques involved in capturing data to be capable of handling very different configurations, with immense variability in their characteristics.”
“By messaging the store in advance via the app, shoppers can ask to view or try on specific items in their sizes and preferred colors, thus giving them exactly what they want without wasting any time.”
HB Reavis has created an oasis for leisure and retail in the heart of a lively district in the Slovakian capital. The 12,000-square-meter green roof serves as a highlight.
Cano, GERMANY +++ Galerija Belgrade, SERBIA +++ Galeria Andrychów, POLAND +++ Prishtina Mall, KOSOVO +++ Drehscheibe, GERMANY +++ Novum Presov, SLOVAKIA +++ Mesto Vstrechi, RUSSIA +++ AFI Brasov, ROMANIA +++ Center Alt-Erlaa, AUSTRIA +++ Plärrermarkt, GERMANY
Sanya CDF Mall II | CHINA +++ The Park Semarang | INDONESIA +++ 11 Skies | HONG KONG
Last December Redevco completed the refurbishment of the 123,000-sq m Parque Corredor shopping center near Madrid.
After the two shopping center openings in the Serbian capital, the focus shifts slightly to secondary cities and the wider Belgrade region, putting retail parks in the spotlight.
Urbanization is a global mega-trend. Therefore, urban regeneration projects have become increasingly relevant. However, one has to consider quite a few things along the journey toward a successful mixed-used scheme. The most successful projects will be those that incorporates work, life, shop, play, and access to services at inner-city locations.
Although empty shop windows have always been part of running a shopping center, there are more around than most center managers might like. The good news is that they are opportunities to create bite-sized experiences that support the trend towards “shoppertainment”.
Recruitments, promotions and appointments...
The most difficult part of business is making decisions during a crisis, explains Walter Seib, CEO of HMSHost International, with regard to the Covid-19 pandemic. He believes that as countries open up and vaccines become available, people will travel and return to airport F&B.
Recruitments, promotions and appointments...
“Long-term contracts and high upfront investments have become rare, even for large established brands.”
Asset Management Directors Diederik Bakker and Harold van Riel and their asset management teams work closely together at Multi Corporation. This major pan-European retail service platform manages and redevelops retail properties across 14 countries in Europe and Turkey. How do they maintain sustainable asset value in a health crisis such as the current Covid-19 pandemic?
The company has purchased the “6X6” building in downtown San Francisco. Following a transformation, the retail destination will be anchored by IKEA and will be complemented by mixed-use offerings.
Business closures and rent losses in the coronavirus crisis have made banks even more cautious about retail properties and shopping centers. In the case of refinancing, portfolio holders have to calculate with higher interest rates and additional equity.
Following its transformation, the scheme will be the first mixed-use object in a downtown location, anchored by an IKEA city store, in the United Kingdom.
Ingka Centres’ €7.3 billion investment to transform its business remains on track – with particular emphasis on sustainability and innovation.
Allianz Real Estate Refinances a 300-million-euro Acquisition +++ Investment in Hallplatz-Galerie in Zweibrücken +++ Investika purchased Galerie Butovice
The most active real estate investors in Romania came from Europe – up until 10 years ago. Today, investors from South Africa and Singapore play a vital role, says Liviu Tudor, Founder and President of the Romanian Association of Building Owners (Rabo).
Retail parks have been the best performing and most resilient retail format in Belgium prior to and throughout the Covid-19 pandemic, resulting in a slight compression in yields by 25bps since the beginning of the year according to new research by CBRE commissioned by Mitiska REIM.
Despite the coronavirus crisis, this is one brand more than 2019, according to a market survey by Cushman & Wakefield.
The most difficult part of business is making decisions during a crisis, explains Walter Seib, CEO of HMSHost International, with regard to the Covid-19 pandemic. He believes that as countries open up and vaccines become available, people will travel and return to airport F&B.
The designer outlet in the German state of Baden-Württemberg takes shopping to the next level across all channels. Managing Director René Kamm presents Outlet 3.0.
How rethinking real estate can transform brick and mortar into real dynamic platforms which again play a strong role within the omnichannel life.
The new FC Bayern World opened on December 10, 2020 in the heart of Munich. The retail space was designed and the construction work was implemented by umdasch The Store Makers. The store plays in the retail-champions league across a total area of over 1,000 sq m.
According to Coniq’s paper, geo-loyalty, the integration of proximity marketing, and customer loyalty programs are the future for retail destinations because they effectively engage consumers in-store AND online.
“Retailers on average seem very happy that shopping centers are going down the path of fully serving them in the digital channels as they are doing in the physical space.”
“By messaging the store in advance via the app, shoppers can ask to view or try on specific items in their sizes and preferred colors, thus giving them exactly what they want without wasting any time.”
Landlords have assets at their disposal that e-commerce lacks. That allows for a unique mix of services and experience under a single, local roof, says Markus Porvari, Founder of HyperIn and Member of the ACROSS Advisory Board.
PROPTECH COLUMN | “As digital consumer databases typically reach between 10% and 50% of unique annual physical visitors and beyond, each shopping center would have as strong a value proposition vis-à-vis tenants in the digital space as those with physical stores.” | By Peter Tonstad
The best shopping centers must be underpinned by a technology platform powered by high density, connected technology infrastructure, technology services and real-time, actionable shopper data, delivering a highly personalized experience for how shoppers want to engage with the destination. It must be an online to offline to online journey and it should be continuous not just at a few key times a year.
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?
In recent years, F&B has been hailed as the retail-centric development equivalent of a knight in shining armor; an offer that cannot be replicated online, that delivers customers an experience worth seeking-out and returning to time and again. The onset and impact of Covid-19 highlights the importance of a successful F&B strategy and the development of appealing F&B destinations that respond to how the customer of the future will shop day and night, and how mixed-use places are stitched together.
The reign of retail is over. The Covid-19 crisis is not a black swan for the shopping mall industry.
The perks of traveling: enjoying the tastes of your holiday destination, and, upon return, devouring your favorite dishes from home at the airport. HMSHost International currently operates in 19 countries around the globe. Although our company has an international scope, we have never lost sight of local culture and cuisine, which has allowed us to think globally and act locally. As a result, alongside leading international brands, local concepts and restaurants can be found at the airports, shopping centers, and train stations in which we operate.
The game has changed for a variety of real estate developments.
“There is no better marketing strategy than making people feel good.”
According to Coniq’s paper, geo-loyalty, the integration of proximity marketing, and customer loyalty programs are the future for retail destinations because they effectively engage consumers in-store AND online.
Retail parks have been the best performing and most resilient retail format in Belgium prior to and throughout the Covid-19 pandemic, resulting in a slight compression in yields by 25bps since the beginning of the year according to new research by CBRE commissioned by Mitiska REIM.
The first Europe-wide lockdown in spring 2020 sent retail markets from Scandinavia to the Iberian peninsula into an unprecedented state of collective shock. This was reflected in the European retail industry barometer, the Global Retail Attractiveness Index (GRAI), which plummeted to a historic low of 89 points in the second quarter.
Multi is pleased to share the results of the Pan European Customer Monitor + Covid-19 Survey, which analyses responses from 33,000 shopping centre visitors from across 11 countries and 50 retail locations that were assessed in November 2020.
In Poland, 2020, a turbulent year, has brought about many changes in the retail market. The unexpected occurrence of the pandemic has complicated the situation for both contractors and tenants. However, Covid-19 has not so much initiated new trends as it has dynamized the existing ones. It is not only about the growing importance of the omnichannel approach, especially with regard to e-commerce; the increasing share of retail parks and convenience centers in retail sales also ranks as one of the key trends. As research has shown, smaller-scale commercial formats have been most successful in dealing with the challenges brought about by the pandemic.
Retail parks and hybrids have weathered the storm of the crisis relatively well due to their high proportion of local supply. Nevertheless, in the vortex of the coronavirus crisis, the issue of sustainability seems to have fallen by the wayside in many cases. That picture, however, is deceptive. The necessary (re)alignment of retail parks and other agglomerated retail real estate properties makes it necessary for ESG criteria (environment, social, governance) to be taken into account. The following “Top 5 Lessons Learned” were taken from a recent publication on retail parks in Germany*.
