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ACROSS

2017

Shopping at the Station

Why malls in and around train stations are attracting growing interest in the retail real estate industry.

A Philosophical Temple of Consumption

Cyprus is getting a new shopping center. The Zenon Mall of Larnaca is set to open its doors in October 2019. The name comes from Zeno, the founder of the Stoic school of philosophy.

Retail is leisure and leisure is retail

I’m with my theleisureway colleagues, Pablo and Carlos, in a place in the old center of Zaragoza. It’s a tapas bar, I confess, but I might justify it by saying that it would tick a lot of boxes as one of Ray Oldenburg’s “Great Good Places.”

Retail Technology: From ESL to viPOS

Umdasch Shopfitting had a booth at EuroShop, the leading retail trade show in Dusseldorf, once again this year. The topic of digital retail was omnipresent.

Southern Italy: a New Gold Nugget

In 2016, the Italian shopping center sector continued the positive trend begun in 2015, with retailers’ sales performing well. This confirms that, after years of crisis, the shopping center format is growing once again.

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.

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

Recruitments, promotions and appointments in the European Retail Real Estate Industry: Atrium European Real Estate, Multi Corporation, Immofinanz, HB Reavis, TriGranit, Commerz Real, BNP Paribas Real Estate, Catella, CBRE Austria, Capital & Regional, Corpus Sireo, Grosvenior, Hines, JLL Germany, Northern Horizon, Strabag PFS, Valad Europe, Echo Polska Properties, and Revo.

Mipim: Pulling Back the Curtain

Mipim, which takes place in Cannes from March 14 to 19, will once again feature exciting retail real estate developments. Here is a selection of shopping centers and projects with retail components.

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.

Dine and Drink with the Gods

“Wining, Dining, Shopping” is Wein & Co’s unique concept. The Austrian Wine Merchant recently opened its unusual flagship store in the heart of downtown Vienna.

Projects & Openings Europe

Hines has secured leading international fashion retailer Primark as the anchor tenant for its mixed-use development in Berlin.

Still enormous potential in Poland

Poland has been a free market economy for nearly 30 years and in that time, the retail landscape has been completely transformed. This is perhaps most apparent when it comes to the way we shop.

NEW SHOPPING HABITS REQUIRE NEW RETAIL CONCEPTS

More than half of consumers in some European countries shop both online and offline. For example, German and Dutch omni-channel shoppers are responsible for more than two-thirds of total retail turnover (source: GfK non-food consumer panel).

IT IS ALL ABOUT STOMACHS…

So, we have arrived in 2017, the world is changing again and this year promises to be one of the most “interesting” for a long, long time.

Clearly weakened indicators of investment

BNP Parisbas Real Estate recently published “At a glance: UK shopping center & out of town retail market, December 2016.” One of the headlines is that investment volumes fell by around a third compared to 2015 for both the retail warehousing and shopping center markets.

Projects & Openings International

Designed by Chapman Taylor’s Madrid studio, Mall of Qatar has officially opened its doors to the public after its soft opening on December 10, 2016.

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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