ACROSS | The European Retail Real Estate Magazine

Ticker

Retail properties: German financers, operators and investors optimistic about the future

German financers, operators and investors in retail properties are optimistic about the future in a dynamically changing segment, despite challenging conditions. This was the conclusion of the expert discussion “upheaval in the retail sector – prospects for retail properties”, which was held yesterday at HSH Nordbank in Hamburg.

Ticker

Levi Roots addresses retailers at Meadowhall

Award-winning entrepreneur and celebrity chef, Levi Roots, addressed retailers and local businesses on 17 September at Meadowhall, as part of Welcome to Yorkshire’s ‘Start up to International Brand’ Retail Masterclass.

Ticker

Expansion of integrated leisure offer boosts trading and attracts new brands to Springfields Outlet

Following 13 consecutive years of revenue growth since opening in 2004, Springfields Outlet has reinforced its position as the leading shopping and leisure destination in the East of England with a significant rise in both like-for-like footfall and revenue over the school summer holiday period.

Topics
Opinion

The Big Feast - Editorial

By Reinhard Winiwarter, Publisher and Managing Partner ACROSS Magazine

Events

10TH GERMAN RETAIL WAREHOUSES SUMMIT, NOVEMBER 5 - 6, 2018, DÜSSELDORF, GERMANY

The two-day event will take place on November 5 - 6 at the Van der Valk Airporthotel in Düsseldorf.

Development

Turkish transport hub with a new shopping dimension

The Istanbul New Airport is about to open on October 29, 2018. Around 53,000 sq m of retail space will sweeten passengers’ stays there.

Center Management

„Security is not a taboo subject“

A new collaboration with SES promotes cooperation between Austrian police and retail. Shopping centers in general are focusing more and more on security.

Retail

"Technology for the Sake of Technology Is Fruitless"

The basic concept of shopping will not significantly change, forecasts Silvio Kirchmair, CEO of umdasch The Store Makers. However, he does anticipate legal intervention. Google, Facebook, and Amazon will all be required to pay their financial obligations to the State.

Factory Outlets

Entertainment for outlet shoppers

In mid-March, Cineplexx opened a multiplex movie theater with five screens and over 800 seats in Parndorf, Burgenland. Immediate neighbors include McArthurGlen's Designer Outlet Parndorf and FOP Management GmbH's Parndorf Fashion Outlet.

Investment

Almada Fórum in New Hands - Merlin Properties in a Buying Mood

JLL, acting for Blackstone, has completed the sale of Almada Fórum, from the Rio Tejo retail portfolio, to Merlin Properties. The portfolio originally comprised three prime shopping centers and a retail park.

Studies & Reports

RETAIL INVESTMENT: WHEAT SEPARATED FROM CHAFF AMID GLOBAL UPTURN

The new Union Investment index analyzes the attractiveness of the top 17 markets.

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Opinion

Pop-up: Incubate, Innovate, and Transform

Over the last few years, the term Pop-up has become an overused retail and real estate buzzword. Nearly everyone who deals with commercial real estate and retail has come across these kinds of stores, but only few of them have a deep understanding of exactly how they can prove beneficial to both sides – the landlord’s and the tenant’s – and how they should be used and implemented in a shopping-center environment.

Austria on the upswing: The outlook for Austrian property markets remains bright

The close economic ties between Austria and neighbouring Germany have, for a long time, extended to the property markets in both countries.

Refurbishment works don’t have to mean disruption

It’s no secret that retail property owners are in the midst of adjusting our assets for a more omnichannel world.

Transforming the waterfront into a vibrant retail destination

“Oslo S Utvikling is currently undertaking a vast development in Bjørvika, a previously neglected part of the downtown area, adjacent to the Central Station.”

PETER KARAI JOINS ACROSS ADVISORY BOARD

The ACROSS Advisory Board is happy to announce its latest addition and welcomes Peter Karai as its new member.

BY HENRIE W. KÖTTER

Investing in the future

For many years, shopping centers have constituted a popular and successful asset class that – provided the assets have been well managed – have offered stable returns and high value stability.

Events

5th German Factory-Outlet Congress, November 29 – 30, 2018 Leipzig, Germany

Labels love factory outlets and they are in increasingly high demand among investors and banks.

Mapic, November 14 – 16, 2018 Cannes, France

Since its inception more than 20 years ago, Mapic has continued to attract the world’s leading retailers, developers, mall operators, and, more recently, major ecommerce retailers.

Visual Merchandising for Food Retailers

Visual marketing is a real challenge for today's food retailers. The industry is constantly changing, especially now.

ICSC Retail Innovation Forum, September 26 – 27, 2018 Amsterdam, Netherlands

The Retail Innovation Forum, organized by ICSC, will be held at the Movenpick Hotel Amsterdam City Center from September 26 to 27, 2018.

Revo Manchester 2018, September 18 – 20, Manchester, United Kingdom

Revo Manchester 2018 is a conference and exhibition that offers opportunities to connect and do business with approximately 2,500 experts from the diverse retail property and placemaking community.

ACSC CONGRESS 2018, OCTOBER 18, VIENNA, AUSTRIA

The Austrian Council of Shopping Centers (ACSC) Congress will take place at the Festsaal of Vienna’s “House of Industry”, Schwarzenbergplatz, Vienna on 18 October 2018 at 3 pm.

Development

PROJECTS & OPENINGS INTERNATIONAL

CHINA: Cofco Joy Breeze and MixC, USA: The 78, UNITED ARAB EMIRATES: Dubai Square

At long last – a new project in Greece

The southern European country, which is still recovering from the latest economic crises, is not exactly known for its full pipeline. However, Sonae Sierra and Bluehouse Capital recently announced the “Fashion City Outlet” in Larissa.

MARKET OF THE FUTURE

MPC PROPERTIES INVESTS 250 MILLION EUROS IN SERBIA

MPC Properties, one of the largest investors in Southeast Europe, is investing 250 million euros in new development projects, all located in Belgrade, the capital of Serbia.

EuropaCity – „Just a very complicated process“

EuropaCity is on hold after a court decision, according to various press reports. The developers of this big project near Paris say it is not on hold.

Refurbishment with potential

At the beginning of the year, Austrian property specialist Supernova acquired Centar Kaptol in Zagreb, Croatia. BEHF Architects has been commissioned to comprehensively refurbish the center.

Quartier du Flon – Constantly evolving

Quartier du Flon is a contemporary area of 55,000 sq m, located in the heart of Lausanne, which has developed into a vibrant shopping and entertainment area.

Center Management

Delightfully epicurean Portugal

Food services and drinks represent more than 70% of retail investment in this southern European country.

Starting a new life with a new name

The “Freeport Outlets” have become “Affinity Outlets”, “Puerto Venecia” is now called “intu Puerto Venecia”. These are just two current examples that show that retail properties are regularly rebranding themselves.

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.

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.

Retail

House of Fraser closes 31 stores

The department store chain, which was founded in 1849 in Scotland’s Glasgow, is in serious financial trouble.

“Digitization is changing our understanding of shopping”

According to Bernd Albl, Managing Director Digital Retail at Umdasch, at the end of the day, consumers no longer distinguish between online and in-store shopping. Seamless Shopping is the keyword.

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.

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.

Factory Outlets
BY CARLOS GONZÁLEZ

OUTLETS GAIN GROUND IN THE EXPERIENCE GAME

In the 1980s, the retail format of designer outlets arrived in Europe. Now, the time for expansions and refurbishments, with a focus on food & beverage and leisure, has come.

Expansion in Ashford – Completion scheduled for fall 2019

The beginning of construction on the £90 million expansion of McArthurGlen Designer Outlet Ashford was officially celebrated at the end of March 2018.

Figures are up for Fashion House Outlet Centre Bucharest

Fashion House Group, part of the Liebrecht & wooD Group, registered its best results in the last seven years for Fashion House Outlet Centre Bucharest.

Targeting Scandinavian and international brands

Billund Designer Outlet is relaunched.

Outlet segment performs better than the general retail sector

McArthurGlen celebrates the 20th anniversary of its outlet center in Parndorf, Burgenland (Austria). Generally, the company focuses on a comprehensive entertainment experience.

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

TH Real Estate launches next platform for German retail

Marcus Mack, from TH Real Estate, believes that the country’s retail market is more active than ever before. As a result, he and his team have recently set up a new Germany-focused retail vehicle. With a target portfolio size of €400 million, it has a proposed term of 10 years, with a two-year renewal option.

First Crowdfunding Offer at a Mall in Austria

The Home Rocket crowdfunding platform has been activated on behalf of the ece in Kapfenberg, Styria. Its objective is to contribute to the financing of a health care area in the shopping center.

Adjustment in pricing levels expected

According to Adam Pearce, Managing Partner at Kintyre, the currently inflated investment market for retail assets is not substantiated by the underlying trading environment for traditional brick-and-mortar retailers.

One transaction quickly follows the next

The European retail real estate industry was on a particularly intensive shopping spree over the last days and weeks.

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.

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.

Studies & Reports

More than just high streets: Milan

The capital of the Lombardy region is recognized as one of the most famous fashion hot-spots in the world and it is Italy’s industrial, commercial, and financial heart. The city continues to attract new businesses and investments – and new shopping centers.

Poland provides a dynamic retail environment

Union Investment’s new “Global Retail Attractiveness Index“ (GRAI), which analyzes the environments for retail investments in 17 countries around the world, recently showed that Poland is one of the most dynamic European markets. The latest data confirms this assessment.

Constant change along the Bosporus

Cushman & Wakefield recently published the “Turkey – Retail Market Snapshot – First Quarter 2018”. The acceleration in the country‘s investment market signals that further consolidation in the shopping center market can be expected.

EUROPEAN RETAIL IN 2018 | FREE DOWNLOAD

GfK study on key retail indicators: 2017 review and 2018 forecast.

COUNTRY REPORT

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.

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

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