August 2015

Transport hub with a new shopping dimension

The Istanbul New Airport is set to become the largest of its kind worldwide. Its opening is planned for the end of 2018. Around 53,000 sq m of retail space will sweeten passengers’ stays there.

Germany: Big deals drive the investment market

The transaction volume for retail real estate nearly doubled in the first half of 2015 compared to the previous year, reports JLL.

The age of the department store is coming to an end

Due to developments in the retail landscape in the midth of Europe and internationally, typical department stores everywhere are threatened with extinction.

“Viewed globally, we’re focusing on Asia”

According to Tanja Nedwig, Marketing & Communications Director of Cross Jeans, the denim market is benefitting from the current oversupply. It makes the market interesting, since differences can and must be underscored. In an interview with ACROSS, she explains that the company also plans to expand into Scandinavia, the UK, and Asia.

Small and mid-sized projects continue

A look at Lithuania: According to the “Real Estate Market Report 2015 – Baltic States” by Ober-Haus, not a single large shopping center has opened its doors in Vilnius in the last five years. Developers are trying to exploit attractive locations by offering small and medium-size malls, however.

“Looking forward to opening of our first European shopping center waterpark”

As the economy improves, Grant Poje, Vice President of WhiteWater for the EMEAR Region, sees increasing demand for waterparks in Europe. The Vancouver-based company is targeting locations in shopping centers.

“We plan to dispose of our logistics properties”

Henrik Stadigh, Director Shopping Centers, and Pia Arrhenius, Senior Vice President, Corporate Planning and IR, tell ACROSS that the Finnish real estate investment company Sponda will concentrate in the future on office space and shopping centers.

Lar España’s investment fever

Miguel Pereda, Board Member of Lar España, announced new transactions over the upcoming months in an interview with ACROSS. The Spanish company intends to invest more than €1 billion before the end of this year.

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.

Serravalle Designer Outlet grows

Europe’s largest luxury designer outlet, Serravalle Designer Outlet, near Milan, one of 20 McArthurGlen Designer Outlets across Europe, recently announced its expansion.

LP12 Mall of Berlin Gift card from PayLife

For shopping centers, it is important to position themselves as a brand, to offer strong emotional content through distinctive design and attractive mixed offerings and experiences. A way to ensure customer loyalty for a mall is to offer its own individualized gift cards.

Leisure: challenge and opportunity

theleisureway is a Spanish company dedicated to the creation of leisure experiences that are unique, innovative, tailor-made for shopping centers, and have the sole mission of satisfying customers to make sure they come back.

Start of phase 2 in Dalton Park

Dalton Park in Murton (County Durham) celebrated the official start to its Phase 2 development with a traditional “groundbreaking” ceremony on June 19, 2015, with local dignitaries and project team members.

Foodservice goes digital and local

We are in very exciting times for the foodservice industry and for foodservice in general. The growth opportunities are tremendous, with new units opening every day in cities, towns, railway stations, airports, and, of course, shopping centers.

Manchester – the UK’s second city for retail?

When international retailers and consumers think of the UK retail industry, London has traditionally dominated the outlook.

“The challenge to develop great unique concepts”

Thomas Mark, Vice President of MK Illumination, talks with ACROSS about the most important trends in Christmas lighting and the reasons why the demands of shopping center operators are incompatible with progressive budget cuts.

Factory outlet centers | Investors’ passion for brands

Factory outlet centers are attractive due to high expected returns in unsaturated markets, but the failure rate is significant.

First outlet center for France’s Grand-Ouest

Honfleur Outlet is the new shopping destination for Normandy. Phase 1 of the 18,000-sq-m project is to open its doors in spring 2017.

Russia: In love with outlet centers

Strong interest from retailers and customers’ positive views of outlets mean a bright future for Russia’s outlet centers. There is potential to launch 25 to 30 new projects in the next 10 to 15 years.

The outlet market in Poland

The traditional shopping center market in the country appears to be becoming saturated and investors are now seeking other “niche” retail formats.

Have a career plan!

I was recently very pleased to be invited to speak at the ICSC European Retail Property School in Frankfurt, addressing a group of young delegates who were largely at the early stages of their careers.

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