ACROSS | The European Retail Real Estate Magazine

Ticker

Mixed use: Ground breaking Global Harbor in Changzhou officially opens

One of the largest shopping centres to open anywhere in the world this year.

Ticker

McArthurGlen Designer Outlet Vancouver named Best New Development at ICSC Canadian Shopping Centre Awards 2016

Adding to the growing list of accolades for McArthurGlen Designer Outlet Vancouver, the centre has been named Best New Development at the 2016 ICSC Canadian Shopping Centre Awards in Toronto on September 21, 2016.

Ticker

TriGranit Sells Bonarka City Center

TriGranit, one of the largest, fully integrated real estate platforms in Central Europe, has confirmed the completed sale of Bonarka City Center (BCC) in Krakow to Rockcastle, a property company specializing in retail centres in Central and Eastern Europe.

Topics
Opinion

“The best is yet to come”

On June 30, Bill Kistler was appointed as ICSC’s Executive Vice President and Managing Director of EMEA. In his interview with ACROSS, he talks about his goals, cooperating with the EU—and a positive future for the industry.

Events

ACROSS ACADEMY Seminar: Security and Crisis Prevention for Shopping Centers, October 13, 2016, Vienna

Professional answers and recommendations to counteract potential terroristic dangers. International and instantly applicable expert know-how. Find out what you can do now!

Development

How to design a good story

ACROSS takes a closer look with Toni T. Jörgens of ESP. Design Studios on how storytelling and integrated design processes can be useful to turn shopping centers into engaging customer experiences.

Center Management

"Seamless Leisure – Seems More"

In an interview with ACROSS, Gastón Gaitán, Manager and Director of theleisureway, explains why leisure is a branding instrument—the identity of the whole shopping center is at stake.

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

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.

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.

Studies & Reports

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.

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Opinion
BY JÖRG F. BITZER

YOU CAN’T DO BUSINESS WITH HUNGRY CUSTOMERS

A lot has been said and written in the past years about the necessary reorientation of shopping centers and other retail locations, and at least as many measures were also realized since then.

BY LISETTE VAN DOORN

Creating competitive cities in the age of urbanisation

In 2009—for the first time in history—the world’s urban population exceeded its rural population. By 2030, the number of people living in cities around the world is expected to increase by one billion.

BY GYULA GYALAY-KORPOS

Hungary abolishes Sunday shopping ban

The re-introduction of Sunday business hours for shopping centers in Hungary was announced and introduced unexpectedly and with surprising speed, even quicker than the introduction of the obligatory Sunday shopping ban in March 2015. Why was it so urgent?

BY PIOTR LISS

About the new tax on retail sales in Poland

The tax on retail sales coming into force on September 1, 2016 will not contribute to the decrease in the number of shopping centers in Poland. The tax will increase the competitiveness of small- and medium-sized businesses in comparison to large entities operating in the commercial sector and will increase the state’s revenues.

BY DAVID HARPER

Why our relationship with US retailers continues

Since McDonald’s opened its first UK restaurant in Woolwich in 1974, Europe has had a taste for all things American, fueled in part by the exposure we have to US brands on film or TV. The enthusiasm and success rate for US retailers expanding into Europe is mixed, however.

BY JORGE MORGADINHO

New architectural trends for shopping centers

The shopping center sector is permanently evolving according to the visitors’ lifestyle changes and their demands for innovations.

Events

ICSC RETAIL & STRATEGY TRENDS FORUM 2016, DECEMBER 1 – 2, 2016, MADRID, SPAIN

Technology is transforming retail to make the shopper’s experience more efficient and innovative. How does authenticity fit into the equation?

re.comm 2016, NOVEMBER 23 – 25, KITZBÜHEL, AUSTRIA

re.comm is celebrating its fifth anniversary. Participants can expect to discover a lot of exciting ideas in Kitzbühel from November 23 to 25. re.comm will also again be a marketplace for visions and new perspectives in 2016.

RETAIL FORUM SWITZERLAND 2016, NOVEMBER 10, ZURICH, SWITZERLAND

The retail and shopping center market is moving fast. Never before have the industry’s challenges loomed as large as today.

4th German Factory-Outlet-Congress, November 2 – 3, 2016 in Montabaur, Germany

As in 2014, only a few new factory outlets (FOC) opened in Europe in 2015, even though this sales channel is one of the most dynamic in the trade sector.

EUROPEAN COMPLETELY RETAIL MARKETPLACE, SEPTEMBER 6, 2016, AMSTERDAM, NETHERLANDS

The Completely Group recently announced the launch of the first European Completely Retail Marketplace, to take place in Amsterdam on September 6, 2016.

ACROSS ACADEMY Seminar: Security and Crisis Prevention for Shopping Centers, October 13, 2016, Vienna

Professional answers and recommendations to counteract potential terroristic dangers. International and instantly applicable expert know-how. Find out what you can do now!

Development

“Today’s main trend is to mirror the building on the outside“

In his interview with ACROSS Peter Pointner, founder and managing director of Gastrobörse, explains the new gastronomy and entertainment concept of the recently extended PlusCity in Austria.

“Extension is a must!”

The mixed-use-property Eurovea in Bratislava is being extended. In an interview with ACROSS, an owner Peter Korbačka explains why Eurovea is in urgent need of expansion.

“Our tenants know what our brands stand for”

Immofinanz is expanding rapidly in Central and Eastern Europe with its VIVO! shopping centers and STOP SHOP retail parks. In an interview with ACROSS, COO Dietmar Reindl explains the underlying brand strategy.

Towards a shopping destination

The declared aim of the Mall of Switzerland, which opens its doors in the fall of 2017, is to become a destination and a favorite, both for tenants and visitors.

THE CITY WITHIN THE CITY

How real estate and shopping center developers can profit from district and neighborhood developments despite strenuous demands and economic risks.

Fashion Mecca Deluxe in the Heart of Vienna

More than 20 luxury shops, a five-star hotel, exclusive apartments, and modern office space: The “Goldenes Quartier” (“Golden Quarter”), developed by SIGNA, is in a prime city center location and casts its spell on both tourists and locals.

Center Management
FOODSERVICE COLUMN

Going global

In my last article, I talked about the need to introduce new operators into our industry, to allow the smaller operators and companies access into the world of shopping centers, and to support them as they grow.

From the Garage to the World

20 years ago, Austrian Klaus Mark founded MK Illumination together with his wife Marie. Half a year later, his twin brother Thomas also joined the company, who remains to be the third partner and shareholder to this day. MK Illumination designs innovative and custom festive lighting, decoration and interactive Worlds for shopping centers on six continents.

Why Central Tenders Will Fail

MK Illumination has decorated shopping malls for nine years. Klaus and Thomas Mark report among other things in an interview on the growing demands for their concepts.

BY MORITZ FELIX LÜCK

Brand Management for Retail Parks

Brand building is still the exception rather than the rule for retail parks. But that’s changing.

By Gastón Gaitán

Leisure through the looking glass

Meeting point, family experience, lifestyle center, wow, more than shopping, dynamism, part of the community. Words, words, words… Believe it or not, all of them talk about leisure, but need to be organized and planned accordingly. How? Let’s discover together.

12 Ps

Toolkit for effective marketing in retail property

Why one needs to understand the 12 Ps of marketing the retail property to show a value of one’s activity and help the industry to thrive in the long term.

Retail

Applications for Participation in “First Store by Alexa” Now Open

The Alexa shopping center in Berlin is celebrating its 10th anniversary in September 2017. That’s reason enough for Sonae Sierra, Union Investment and Alexa to launch an innovative retail casting competition.

“Alexa has stood for new, different, and innovative from the outset”

The “First Store by Alexa” contest gives wings to new business ideas. Fabian Hellbusch, Head of Marketing at Union Investment Real Estate GmbH, and Jens Horeis, Head of Property Management at Sonae Sierra Germany, tell ACROSS all about it in an interview.

“It’s hard to communicate concepts without real added value for customers”

As a member of the “First Store by Alexa” jury, Jens Peter Klatt, Head of Multichannel at Mister Spex, insists the participants must offer a unique customer experience.

RETAIL TECHNOLOGY

Shopping trend: Prepaid cards

It is important for retailers in shopping centers to offer state-of-the art payments. Payment methods and behaviors are changing. Prepaid cards are one of the shopping trends that meet the needs of modern consumers and they are becoming increasingly popular. The concept of gift cards is especially highly rated. For malls, they are a way to ensure customer loyalty by offering their own individualized gift cards. SIX Payment Services has issued its 1 millionth prepaid card and will continue to focus on them.

RETAIL TECHNOLOGY

Umdasch’s ESL.inclusive Launched in a Spar Store in Vienna

Spar is entering a new era of price labeling with Umdasch Shopfitting. ESL.inclusive was initiated by Umdasch Shopfitting's newest corporate division, viBIZ—Digital Shopfitting—developed together with Spar and Imagotag. Its first installation was launched in Spar’s store on the campus of the Vienna University of Economics and Business.

A Samsung Store as a Reference

Samsung’s store in Paris is a high-end shop for electronic products that sets standards for equipment and design. Umdasch Shopfitting is therefore proud to have been selected by the Korean company as a partner.

Factory Outlets

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.

Zsar Outlet

For shoppers and tourists

Zsar Outlet Village is taking shape in the Finnish city of Vaalimaa. The developer EFRE is working on the project with a holiday resort going up nearby.

Movement on the Largest Outlet Center in the Czech Republic

The Prague Outlet will count 30,000 sq m of GLA. The investor’s stated aim is to develop a premium offering, with light and airy interiors encompassing a host of designer and high street brands.

Joint venture for Designer Outlet Algarve established

Ikea Centres and the Mutschler Group signed a joint venture agreement for the development of Designer Outlet Algarve.

Blackstone and Multi purchase Palmanova Outlet Village

Multi recently announced the acquisition by Blackstone Real Estate Partners Europe IV of Palmanova Outlet Village, a 22,000-sq-m, high-quality outlet center located between Trieste and Venice.

Investment

“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

86 Deals in One Year

UK shopping center transactions surpass long-term average to reach £4.3 billion (€5.57 billion) in 2015

The investor carousal is turning. Property companies were the most active investor type in the UK, acquiring 34 shopping centers.

Studies & Reports

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.

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European Retail in 2016

GfK study on key retail indicators: 2015 review and 2016 forecast

London ahead of Paris and Munich

According to Redevco, these are the top three most attractive European retail destinations. It is notable that soft factors continue to drive city performance.