ACROSS | The European Retail Real Estate Magazine

Ticker

INGKA CENTRES (FORMERLY IKEA CENTRES) LAUNCHES HANDS-FREE SHOPPING IN RUSSIA

Ingka Centres, formerly IKEA Centres, has launched Hands-free Shopping at three of its MEGA branded Russian shopping malls. It is thought to be the first time the service has been brought to multiple retail destinations of this size in Russia, and reflects Russian consumer demands for convenience, quality service, and time saving in a more omni-channel world.

Ticker

Arena Mall is transforming, becoming a landmark shopping and entertainment destination for Bacau

Romania: Arena Mall shopping center in Bacau, a reference for the retail market in the Moldova region, will enter into a comprehensive extension and modernization process that will result in a 60% increase of its leaseable area and in the construction of a multi-storey car park.

Ticker

Excellent retail investment performance and an influx of new brands

Poland: JLL advisory agency summarizes the situation on the retail market at the end of Q3 2018.

Topics
Opinion

Who Is the Most Innovative of Them All?

The retail industry is going through seismic change, fueled by changes in demographics, consumer behavior and – perhaps most notably – technological advancements. Recent figures show that e-commerce currently makes up one-tenth of total retail sales worldwide, and this number is set to increase over the years to come.

Events

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 Europe

Boxpark revealed plans to revive Brighton’s iconic Madeira Terrace into an internationally renowned retail leisure and hotel destination. Colosseum Retail Park will construct Colosseum Mall and the expansion of the existing retail scheme in Northwest Bucharest...

Center Management

The Footfall Creator

Holistic consulting and servicing of retail real estate is becoming increasingly important in the industry. The Austrian Centerprise Group has dedicated itself precisely to this purpose, even beyond national borders.

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

From a Porcelain Factory to an Outlet Center

Seventeen years have already passed: In 2001, a small outlet center was built in the Upper Franconian town of Selb in the former manufacturing halls of the long-established Heinrich porcelain factory. The new Outlet Center Selb is currently under construction there.

Investment

Why Polish People Love Click & Collect

EPP is the leading owner of malls in Poland. CEO Hadley Dean emphasizes the importance of the correct weighting of online shopping competition.

Studies & Reports

Center Customers Focus on Short Travel Distances

Good accessibility is one of the main criteria for the success of a center. There is a lot of catching up to do in the digital sector.

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Opinion

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

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

Repositioning outlet retail

There's no denying that these are challenging times for retail, with shopping center landlords having to work harder to increase footfall and convert this to spend. On paper, this is simple – make your retail assets attractive places to shop, introduce popular retail and F&B brands, and people will want to spend money there.

Retail Strength Lies in Brick-and-Mortar Stores – in the USA As Well

The brick-and-mortar store "retail apocalypse" has been abandoned, as numerous international studies clearly show. Online retailing is and remains a peripheral phenomenon in terms of current sales figures.

Milan’s Shortage of Shopping Centers

Lombardy is the richest Italian region, with a population that accounts for up to 10 million inhabitants, which is comparable to the total population of some European countries.

COVER STORY

The Big Feast

The European retail real estate industry has been going through the formation and development of mega-corporations. In the long run, will major enterprises divide the industry among themselves?

COVER STORY

Pooling Experience and Expertise

The acquisition of Westfield by Unibail-Rodamco also offers new opportunities for 26 shopping centers in the German portfolio. Tenants as well as customers should benefit.

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.

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.

umdasch goes Mapic

From November 14 to 16, 2018, the Store Makers of umdasch show their service portfolio at Mapic in Cannes, France.

Christmasworld 2019 Is Growing

The number of registrations that have already been received proves that the new hall concept has been well accepted. The leading international trade fair for festive and seasonal decorations boasts more exhibitors/space compared to the same time last year.

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

“AROUND ONE HUNDRED STOP SHOPS HAVE BEEN PLANNED”

The new locations of the retail park chain will be deliberately located outside the environment of existing competition, reports Gerald Grüll, Head of Asset Management Retail at Immofinanz.

UNLOCKING AND ENHANCING REAL ESTATE VALUE FOR RETAILERS AND INVESTORS

Redevco aims to make urban centers more interesting places in which people like to live, work, and shop.

SOMETHING NEW IS EMERGING IN NORTHERN BERLIN

The Märkische Viertel in northern Berlin was regarded as a model development in the 1970s. At that time, large housing estates with high-rise apartment blocks were considered to be a positive urban development program.

Bringing Cultural Meaning to Contemporary Retail Spaces

Places where people belong: modern destinations that celebrate cultural legacies.

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.

PROJECTS & OPENINGS INTERNATIONAL

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

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.

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.

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

Target: Southeastern Europe’s favorite shopping destination

IKEA Centres and Mutschler Outlet Holding AG have recently opened the first phase of Designer Outlet Croatia in Zagreb. In addition to its commercial shops and new theme, the outlet features a number of customer services, such as center information, strollers, free Wi-Fi, gift cards, mobile chargers, baby care facilities, an exchange office, chill out zones, terraces, and a future playground area.

“We do not limit ourselves to countries”

IKEA Centres has opened its second outlet center, the Designer Outlet Croatia. Project Manager Branko Mihajlov explains what criteria were – and will continue to be – applied when choosing locations.

Outlets are Exactly in Line with the Trend of the Times

Franz A. Kollitsch, co-founder of Austrian real estate developer Invester United Benefits, speaks about the company's latest activities and why outlet centers are the ideal complement to online shopping.

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.

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.

Investment

Change of Ownership at Trnava City Arena

The acquisition of Trnava City Arena in Slovakia has been recently completed. Peter Korbačka acquired the shopping center from Vladimír Poór. Negotiations lasted for nearly a year. The price as well as other transactional details have not been disclosed and remain subject to business privacy. However, this is one of the country’s most important retail segment transactions of the year.

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.

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.

Studies & Reports

Stable first half-year in the Russian capital

Knight Frank recently published the “Retail Market Report Moscow H1 2018”. The most important event was the commissioning of “Kashirskaya Plaza”, which opened with a high occupancy rate – not only by area but also by number of stores.

GLOBAL RETAIL ATTRACTIVENESS INDEX

RETAIL INVESTMENT: WHEAT SEPARATED FROM CHAFF AMID GLOBAL UPTURN

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

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.