Monthly Archives: February 2016

Nominations & Appointments

  Savills Steven Woodward Savills has launched a new Building and Project Consultancy team in its Paris office in order to provide a greater breadth of service for its clients. The team, which is now in place at Savill’s Boulevard … Continue reading

A Prestigious Refurbishment

Right across the street from the world-famous Vienna State Opera, Ringstrassen Galerien, which opened around 20 years ago, scores points with 13,000 sq m of high-quality retail space. The retail property is owned by Erste Wiener Hotel-AG and Zurich Versicherungs-AG. … Continue reading

Projects and Openings International

  Nakheel Mall, UNITED ARAB EMIRATES Nakheel Mall, a new destination for shopping, dining, and relaxed entertainment, will be a focal point for the many residences, offices, and hotels on The Palm Jumeirah and Dubai city as a whole. It … Continue reading

A New Era of Customer Service

Chicago in the year 2035. For quite a while already, robots have been put to work in virtually all areas of life, they rush, like human passersby, along sidewalks to destinations and perform various services. Rather than driving a car … Continue reading

The Last Mile

The battle for the last mile in retail has long since begun. It’s thus no wonder that customers’ willingness to wait for days for the latest blockbuster, trendy Gucci bag, or elegant evening gown is quite limited. With ever better … Continue reading

Projects Openings European

Telford, UK Sovereign Centros has recently started construction on the regeneration of Telford’s shopping center in the West Midlands. The contractor, Thomas Vale, has begun work on the first phase of development, known as the Southern Quarter, on the site … Continue reading

Top Locations, Austrian Capital Getting Even More Interesting

Vienna is becoming ever more exciting for international retailers, who increasingly concentrate their interest on prime, high-frequency locations. This is a finding from the latest Retail Market Report by the Viennese Group Otto Immobilien. The growing online trade, which already … Continue reading

The digital brick-and-mortar store

The turnover of online stores in Europe and the USA is growing massively. Just recently, the US Department of Commerce released the latest figures for the last quarter of 2015. The unsurprising result: While e-commerce sales grew by 15.1% over … Continue reading

Development Stores: Omni-Channel Age

  These are some of the main results of the EHI study “The Store in the Omni-Channel Age.”  To better position themselves against competition from internet, many bricks-and-mortar retailers are investing in things online retailers cannot offer: Namely in attractive … Continue reading

Irish Expansion

Hines Ireland recently announced submission of planning application for significant expansion of one of Ireland’s best-known shopping and leisure destinations at Liffey Valley in West Dublin. Planning permission is being sought for an additional 22,000 sq m of net retail … Continue reading

Investment News

  Refinancing completed Deal on Liverpool ONE Grosvenor Fund Management has completed the refinancing of Grosvenor Liverpool Fund, which owns the 223,000-sq-m Liverpool ONE shopping center. The bank debt for the Fund has been refinanced with a €535 million facility on … Continue reading

UK shopping center transactions surpass long-term average to reach £4.3 billion (€5.57 billion) in 2015

Activity in the UK shopping center investment market remained strong in 2015, with 86 assets traded totaling £4.30 billion, according to the international real estate advisor Savills. This is approximately 8% higher than the long-term average of £3.98 billion. The … Continue reading

A district center specialist

In an interview with ACROSS, one of its managing directors Martin Mörl reports that the company is strengthening the activities in Germany and is preparing to take a step (back) into Poland. ACROSS: Tell us a bit about Prelios. MARTIN … Continue reading

Trends in the affordable luxury market

By Sheila King The international expansion of these retailers focused initially on retail destinations in big-city urban environments. The attraction of these locations includes market scale, great connectivity, diversity and vitality, and world class culture and heritage. All of these … Continue reading

The Minnesota Giant Expands

The Mall of America (MOA), located in Bloomington, Minnesota, south of Minneapolis, is among the most visited shopping malls in the world, with 40 million visitors annually. That’s more than Disneyland, the Grand Canyon, and Graceland combined. At its opening … Continue reading

Transferring shopping centers into tomorrow’s world

By Stephan Austrup and Angela Goodings Anyone who has worked within the retail industry over the past few years will have been inundated with numerous reports on the changing nature of our retail environment. This impacts all key stakeholders and … Continue reading

On the Courage and Vision of Commercial Property Owners

By Rainer Kundörfer In this contribution, I want to focus on the operators and owners. In most saturated markets, shopping center cornerstones are occupied by super-regional or mega-malls. They form the backbone of a comprehensive supply system for consumers in … Continue reading

The real value of food

BY JONATHAN DOUGHTY More value, more freshness, more choice, more locations have all been provided to the grocery customer and, at the same time, there has been a “blurring” of the lines between retail and foodservice in food. I know … Continue reading

Belgium’s Impressive Pipeline

Volume of completions was below average in 2015, but large projects will be delivered in 2016. Last year, a total of approx. 160,000 sq m was completed; 6% below the five-year average. For 2016, over 250,000 sq m are under … Continue reading

The New Role of Senior Advisors

BY  CAROLINE GIBSON Nevertheless, while this role has been used to varying degrees of efficiency and success in other sectors, the real estate sector has lagged behind. As the European property market attracts further global investment, appointing a senior advisor … Continue reading