ACROSS | The European Retail Real Estate Magazine

Ticker

Valad Europe appoints Wouter Zwetsloot as new Head of Benelux

Valad Europe appoints Wouter Zwetsloot as Head of Benelux and promotes Mark McLaughlin to Head of Property Europe.

Ticker

intu signs up flagship Hollywood Bowl for intu Lakeside’s leisure extension

Shopping centre owner intu has signed up Hollywood Bowl as another anchor for its 225,000 sq ft extension at intu Lakeside.

Topics
Opinion

Josip Kardun and Árpád Török strengthen the ACROSS Advisory Board

Josip Kardun and Árpád Török further strengthen the ACROSS Advisory Board

Events

13TH GERMAN COMMERCIAL REAL ESTATE CONVENTION 2017, FEBRUARY 1 – 2, BERLIN, GERMANY

Rediscovering the city has become a trend. Where the mixture of shopping, work, and gastronomy is right, it draws people to city centers to go shopping again. At the same time, digitization continues to progress.

Development

From a start-up to a brand - MEC celebrates 5 years of existence.

“Metro and ECE join forces,” was the headline in August 2011 when the joint venture partners announced their plans.

Center Management

Bonarka City Center on the trail of Podgórze and the secrets of the City of Kings

Corporate Social Responsibility (CSR) is becoming increasingly attractive and popular as far as marketing and PR activities in the shopping center market are concerned. CRS is usually based on using typical occasions and supporting “ready-made” external initiatives.

Retail

People Tracking, Checkout Queue, Activity Visualizer, and Gender Recognition

How many customers visit a store each day? Why do customers pass by shops on a shopping street? Why does one area within a department do better than another? How old are your customers really? Umdasch Digital Retail offers four new products to answer these questions and more.

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

Investors Increasingly Focusing on Retail Parks

Investment in German retail properties is declining. The transaction volume is increasing significantly only in retail parks. Retail parks currently offer good investment opportunities in the UK as well.

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
OUTLOOK 2017

A Consistently Optimistic Industry

What industry experts expect from the retail real estate year 2017.

BY ALEXANDER OTTO

The security dilemma

The shopping center industry has a problem: the security of its customers. No, it’s not that centers have a security issue. Nevertheless, in these times of terror and armed attacks, it is difficult to balance an easygoing and unhindered shopping experience with the best-possible security for our customers.

BY TIBOR TATÁR

Hungary surges ahead

Over the past 18 months, the Hungarian property market has seen one of the most successful and dynamic expansions of any country in CEE, with Budapest identified as having the highest rate of return in the entire region.

BY CHRISTOF PAPOUSEK

The Cinema Year 2017

Great achievements and great challenges await cinemas in the coming year: After a highly fluctuating year for cinemas in 2016, cinema operators and entertainment venues can expect big blockbuster sequels and thus high footfall in 2017.

ON OUR OWN BEHALF

ACROSS’s Advisory Board Grows

The ACROSS Advisory Board has gained two new members: Jonathan Doughty, EMEA Head of Foodservice Consulting at JLL, and Christof Papousek, CFO of the Constantin Film group of companies.

BY REINHARD WINIWARTER

Fresh wind

The European shopping center industry can look back on an exciting year 2016.

Events

Christmasworld 2017, January 27 – 31, Frankfurt am Main, Germany

Christmasworld 2017 offers 'Happy New Business': Events and highlights with some top-selling ideas for business.

COMPLETELY RETAIL MARKETPLACE LONDON 2017

Completely Retail Marketplace London takes place on April 25, 2017.

DEUTSCHE GRI 2017, MAY 8-9, FRANKFURT, GERMANY

Deutsche GRI is a gathering of senior level German and international real estate investors, lenders and developers.

Shoptalk announces support of leading Danish ecommerce association, FDIH, for launch of Shoptalk Europe

Inaugural pan-European event to bring together leading retailers & ecommerce disruptors in Copenhagen on 9-11 October 2017.

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.

Premium Business Programme at Christmasworld in Frankfurt

A key feature of Christmasworld, to be held from 27 to 31 January 2017 in Frankfurt am Main, 'Premium' enables international sector experts in the field of decorative concepts for retail companies, shopping centres, local districts, towns and cities to make contact with innovative designers and decoration agency consultants.

Development

Welcome to Posnania

Within three weeks of opening, the shopping center in the eponymous West Polish city had already welcomed its one-millionth visitor.

Strabag Subsidiary Building East Side Mall in Berlin

Luxembourg’s Forum Invest S.a.r.l. has commissioned Ed. Züblin AG with constructing the East Side Mall in Berlin.

Project & Openings Europe

Belgrade Plaza is an €80-million investment and will consist of 61,000-sq-m of GBA, providing approximately 32,300 sq m of retail space across three levels.

BY TONI T. JÖRGENS

Are refurbishment projects able to shape the future of the shopping center industry?

How storytelling and an integrated architectural, interior, and brand design process can make the difference.

Projects & Openings International

Tamdeen Group recently reported it had rented out 70% of the space in the 260 planned stores of the new Al Kout Mall.

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
FOODSERVICE COLUMN

EATING IN A POST BREXIT WORLD

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.

Cineplexx opened in Serbia and Kosovo

The Austrian market leader has invested €3 million in the construction of the new 5-screen multiplex cinema in the Stop.Shop shopping center in Niš. It also recently celebrated a new opening in Pristina.

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.

ECE tests the “Digital Mall” – Online product search for brick-and-mortar stores

ECE Future Labs’ newest development is the “Digital Mall,” an online product search which can be found on the website of the Alstertal-Einkaufszentrum (shopping center) in Hamburg. With the Digital Mall, ECE makes it possible for customers to get information on the products available in the shopping center – anytime, anywhere.

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.

Retail

Slight Fall in the Pace of Expansion

According to the recent study “Expansion Trends 2016” by EHI and the Hahn Group, diminishing turnover and declining footfall is putting retailers under pressure.

RETAIL TECHNOLOGY

Wanted: The Best Startup Ideas

Union Investment and GTEC award the best start-up ideas for the real estate world of tomorrow.

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.

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.

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.

ENTERING A NEW GENERATION

Neinver is currently the only outlet operator offering an omni-channel B2B2C business model.

“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.

Investment

Retail Asset Management as a Holistic Approach

According to Stephan Austrup, Head of Retail in Germany at TH Real Estate, omni-channeling and digitalization are key drivers of change. In all acquisitions and in business plans for existing portfolios, he therefore considers the impact of this change on retail formats, retailers’ required floor plans, and whether the property provides the necessary layout flexibility.

“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.

Glasgow is dominated by global brands

The Scottish city has witnessed the highest number of new restaurant openings in the United Kingdom outside London. Anne Murray, Group Manager Inward Investment at InvestGlasgow, is helping retailers to use this to counter competition from the internet.

„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.

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.