ACROSS | The European Retail Real Estate Magazine

Ticker

Inditex opens its first stores in Belarus

Inditex has opened its first stores in Belarus, reaching 94 markets with commercial presence.

Ticker

HALF YEAR 2017 RESULTS: FUNDS FROM OPERATIONS OF $343 MILLION

Westfield Corporation has announced its half year results with Funds From Operations (FFO) for the six months ended 30 June 2017 of $343m, in-line with forecast.

Ticker

ATRIUM PROMOTES SCOTT DWYER TO GROUP COO

Atrium European Real Estate Limited announces that it has promoted Scott Dwyer to the position of Group Chief Operating Officer, effective 1 October 2017.

Topics
Opinion

Fortune Favors the Bold

What do European retail real estate leaders think about the future? ICSC Europe recently brought them together in Salzburg (Austria) for the annual CEO Forum to find out. Hosted by SES Spar CEO Marcus Wild, it was an insight into what’s on the minds of those at the forefront of the industry.

Events

Expo Real 2017, October 4 – 6, Munich, Germany

The real estate industry is booming in 2017 and there is great interest in Expo Real in Munich from October 4 to 6 — ideal conditions for successful networking and specific business deals. The focus will be on technological innovation and digitalization.

Development

„DIE VIA“ – the journey is the reward

End of July 2017 the City Council of the City of Esslingen, Germany gave – by a nearly unanimous decision - green light for the project in general and the Urban Planning Contract in particular.

Center Management

Big brother reloaded | retail technology at intu

Audience recognition cameras in intu Victoria Centre in Nottingham will ensure that customers receive personalized content.

Retail

Big brother reloaded | retail technology at intu

Audience recognition cameras in intu Victoria Centre in Nottingham will ensure that customers receive personalized content.

Factory Outlets

MCARTHURGLEN DESIGNER OUTLET PROVENCE PRESENTS: ‘RODIN AND HIS CONTEMPORARIES’

McArthurGlen Designer Outlet Provence presents ‘Rodin and his contemporaries’, an exhibition of 22 rare and iconic bronzes from the 19th and 20th centuries.

Investment

Passionate expertise

TREC Real Estate Consulting GmbH was founded in 2014 in Düsseldorf. The company focuses on investment management and commercial property-management for retail properties. What the four shareholders have in common is their professional position, their wealth of expertise as well as their joy in doing their job.

Studies & Reports

EUROPEAN RETAIL IN 2017

GfK study on key retail indicators: 2016 review and 2017 forecast.

advertisement
Opinion

More Effective than Google

Infabode is positioning itself as an information hub for the global real estate market. In an interview with ACROSS, Founder and CEO Matt Partridge explains how the European shopping center industry benefits from the platform.

“Virtuality is a magnet word”

Il Centro in Milan, Bonarka City Center in Krakow, and Westfield in London stand out from the mass of European malls, says Árpád Török, CEO of TriGranit. The latter in particular because of its focus on virtual reality.

Focus on Visitors and their Comfort

Many criteria must be fulfilled for a shopping center to function nowadays. The experts on ACROSS’s Advisory Board responded to a survey about criteria for success and named their favorite malls.

BY ALLAN REMMELKOOR

T1 Mall of Tallinn – Future shopping centers should connect people

Just more shops, or landmarks, connectivity and indoor public space? T1 Mall of Tallinn opens in October 2018 with 55,000 sq m of leasable area and following the latest industry trends.

PEOPLE

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

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

BY NIKOLAS LÖHR

How Bricks-and-Mortar Centers Fight Back

In an increasingly busy world, consumers are becoming more and more selective about how they spend their precious time and money.

Events

COMPLETELY RETAIL MARKETPLACE WESTERN EUROPE, SEPTEMBER 6, 2017, AMSTERDAM, NETHERLANDS

Completely Retail Marketplace is a deals-focused networking event held exclusively for brands and property professionals working in the retail & leisure sector.

MAPIC 2017, November 15-17, Cannes, France

Food & Beverage will be at the centre of MAPIC 2017. Today, a third of consumers claim they only visit a mall to eat or drink. Food services are largely transforming shopping centres into convivial lifestyle venues.

9th German Retail Warehouses Summit 2017, October 23 – 24, Dusseldorf, Germany

The 9th German Retail Warehouses Summit (Deutscher Fachmarkt-Immobilienkongress), with the motto “Information creates the future,” will be held at the Van der Valk Airporthotel in Dusseldorf on October 23 and 24.

ICSC`s Retail Real Estate Innovation Forum | September 13, 2017 — Berlin, Germany

Discover how innovation is transforming cities, business models and the retail real estate industry!

Completely Retail Marketplace United Kingdom, September 26, 2017, London, UK

The second of the United Kingdom events in 2017 takes place again at Old Billingsgate Market in September.

REVO CONFERENCE & EXHIBITION 2017, SEPTEMBER 19 – 21, LIVERPOOL, UK

The Revo Conference & Exhibition in Liverpool brings together influential players from across the sector — owners/investors, developers, retailers, retail property agents, professional service consultants, a host of leading service providers, public sector representatives, and retail, food, beverage, and leisure occupiers and operators.

Development

Exciting architecture and holistic design concept in the Mall of Switzerland

The Mall of Switzerland is unique not only because of its innovative design, but also its un-paralleled and welcoming architecture, as well as an emotive retail concept with distinctive elements such as jumping facades.

The Pop-Up trend has reached Quartier du Flon

Located in the heart of Lausanne, this contemporary and innovative area has developed into a vibrant shopping and entertainment place, well-known for its numerous boutiques, restaurants and leisure offer.

Projects & Openings Europe

Eperia, Slovakia | Meadowhall, United Kingdom | Shopping Center on Kashirskoye Highway, Russia | Hoog Catharijne, Netherlands | Überseequartier, Germany | Tunsgate Quarter, United Kingdom | Kaufpark Eiche, Germany | Agora Budapest, Hungary

Projects & Openings International

Lotte World Tower, Seoul, South Korea; Mall of Qatar, Qatar; Nicollet Mall, Minneapolis, MN, USA; BHV Marais, United Arab Emirates.

AMAZING MALLS BEYOND EUROPE

More purchasing power, more malls

Xuzhou Suning Plaza recently opened its doors. The new shopping center reflects the growth of international retail in second- and third-tier Chinese cities.

The Second-Hand Shopping Center

ReTuna Återbruksgalleria, a mall specializing in second-hand goods, recently opened in the Swedish town of Ekilstuna.

Center Management

Tally 4.0

The history of counting customer frequency appears to lead to blanket Wi-Fi coverage. This makes it all the more surprising that coherent Wi-Fi strategies are still the exception rather than the rule among German retailers.

THELEISUREWAY COLUMN

DRIVING LEISURE INNOVATION

Innovation is a “buzzword”—and buzzes around theleisureway’s studio like a bee in a car.

Foodservice Column

IT IS ALL ABOUT PLEASURE…

Foodservice Column by Jonathan Doughty, Regional Director & Head of JLL Foodservice Consulting.

Digital Prospects for Shopping Centers

Around 50 retail real estate industry experts met in Frankfurt for the second “innovation incubator.” The theme of the workshop hosted by the German facility services expert Wisag was “Digital prospects for shopping centers and retail properties.”

The new power couple

How to build a stronger relationship between developers and retailers.

THELEISUREWAY COLUMN

Circling the square

Are you sitting comfortably? Are you relaxed, open to ideas? Willing to disconnect and get some “you time”? Let theleisureway (TLW) take you away.

Retail

From Digital to Physical

Fashion brands lead the pureplay-to-omnichannel transition as the role of physical stores in the UK evolves.

Retail Technology: Launch of Hyper-Reality Experience

“Tick Tock Unlock” makes Trinity Leeds the first shopping center in the United Kingdom to provide a VR-powered hyper-reality experience to its customers.

“The complexity has increased enormously”

According to Martin Wendsche, Managing Director for ISG in CEE, lounge concepts and integrated gastronomy are now part and parcel of shopfitting.

Holymesh as Winner of the “First Store by Alexa” Competition

Alexa visitors and Facebook fans, along with an expert jury in a final session, evaluated three finalists from the “Best Newcomer” category.

Paradigm Shift in City Centers

Online retail is increasingly shaking up tenant mixes in Europe’s cities. The bricks-and-mortar trade is desperately seeking innovative concepts.

RETAIL TECHNOLOGY

Security monitoring included

Hardware, software, analysis—the holistic “smart tracking” solutions developed by the Digital Retail experts at Umdasch Shopfitting provide extensive information about customer behavior in shopping malls and stores.

Factory Outlets

PREMIUM RETAIL OFFERING AT PRAGUE THE STYLE OUTLETS

Prague The Style Outlets will introduce the international platform The Style Outlets into the Czech Republic. Refurbishment works are now underway to create a premium outlet destination.

“The Outlet Market Quickly Identifies Weak Projects”

According to Bożena Gierszewska-Mroziewicz, Head of Neinver Poland, outlet centers are moving forward to offer a complete experience that responds to growing expectations.

“Gastronomy offer is a win-or-lose issue”

What customers have long demanded of malls is now being demanded of designer outlets. They must offer customers more than shopping, says Henrik Madsen, Managing Director Northern Europe at McArthurGlen, in an interview with ACROSS.

Rioja Developments and Buckminster work together

Designer Outlet Village in Grantham planned.

Everything’s New at Fashion Outlet Parndorf

Parndorf Fashion Outlet, located between Vienna and Bratislava, is undergoing a comprehensive relaunch. A new Art Nouveau style, new roads and entrances, new retail space, and a new center management self-run by the owner should multiply customer frequency.

Designer Outlet Roermond in front

Designer Outlet Roermond, located directly on the border with Germany, won multiple prizes in this year’s “Outlet Center Performance Report Europe.”

Investment

Delancey and Land Securities divest

Land Securities and Delancey have exited The Metro Shopping Fund.

Commerz Real buys Forum City Mühlheim, Germany

Commerz Real has acquired the 47,300-sq-m “Forum City Mühlheim” for its open-ended real estate fund “hausInvest.”

News on Ada Mall: Binding term sheet for financing

GTC S.A. has signed a binding term sheet for the financing of construction of Ada Mall, its first retail investment in Belgrade. The agreement concluded with Banca Intesa Beograd, VUB, and PBZ (all banks of the Intesa Sanpaolo group) amounts to €64 million.

Bouwfonds IM with Dutch convenience shopping center initiative

250 million euros will be invested in the upcoming years.

Strong Annual Growth in Germany

Around €3.8 billion were invested in the German retail market in the first three months of 2017.

MAS Heads for Bulgaria

The company reports that the continuous increase in purchasing power in the region underpins the investment case in general and that for its acquisitions of Galleria Burgas and Galleria Stara Zagora in particular.

Studies & Reports
ICSC

No “One-Size Fits All” Optimum Solution

The ICSC recently published its study “The Successful Integration of Food & Beverage Within Retail Real Estate.” Here is a summary of its findings.

International Retailers Are Focusing on Vienna

The Austrian capital is very popular with international retailers.

It Could Be Rosier…

Experts continue to fear a drop in sales in retail stores, falling demand for retail space, and store closures. That is the essence of the “4th Shopping Center Market Report Switzerland 2017.”

Polish Stagnation

According to Colliers International’s “Poland Market Insights—Annual Report 2017,” only about 400,000 sq m of new retail space was created in 2016. This is one third less than in 2015. Around 400,000 sq m are expected for this year as well.

The Successful Integration of Food & Beverage into Shopping Centers

In order to provide the retail and leisure industry with guidance and insight to navigate the opportunity posed by F&B, the ICSC commissioned JLL to carry out a global study. It should provide a holistic, 360-degree view of the current landscape, challenges, risks, opportunities, and future outlook for foodservice within the shopping center space.

22 Centers Identified as Prime Examples of the Growing Trend of Retail Placemaking

Effective retail places use leisure, technology, and planning to lure shoppers, who now want shopping to be both functional and social.