2018

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.

Refurbishment with potential

At the beginning of the year, Austrian property specialist Supernova acquired Centar Kaptol in Zagreb, Croatia. BEHF Architects has been commissioned to comprehensively refurbish the center.

Quartier du Flon – Constantly evolving

Quartier du Flon is a contemporary area of 55,000 sq m, located in the heart of Lausanne, which has developed into a vibrant shopping and entertainment area.

A new mall for Budapest

An ambitious plan: ECE plans to build no less than the most modern and attractive shopping center in Hungary. The opening is scheduled to take place in 2021.

Innovation and tradition combined in one quarter

Unibail-Rodamco is developing the southern Überseequartier, an integrated district of HafenCity within Hamburg.

Delightfully epicurean Portugal

Food services and drinks represent more than 70% of retail investment in this southern European country.

SES continues to expand in Slovenia

ACROSS speaks with Marcus Wild, CEO of SES Spar European Shopping Centers, about the company’s recipe for success and how Slovenia’s market leader intends to consolidate its position there.

House of Fraser closes 31 stores

The department store chain, which was founded in 1849 in Scotland’s Glasgow, is in serious financial trouble.

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.

Investing in the future

For many years, shopping centers have constituted a popular and successful asset class that – provided the assets have been well managed – have offered stable returns and high value stability.

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.

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.

Understanding what our guests really want

Those who want to exploit successful Food & Beverage (F&B) locations at high traffic locations would do well to immerse themselves in the needs of the guests. This statement may seem obvious, but it’s really not that simple.

Westfield London becomes the largest mall in Europe

Commerz Real and Westfield Corporation are investing around £600 million into the expansion. When completed, the shopping center will comprise approximately 241,500 sq m.

“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.

EUROPEAN RETAIL IN 2018 | FREE DOWNLOAD

GfK study on key retail indicators: 2017 review and 2018 forecast.

“Our Russian portfolio has already withstood many crises”

Atrium’s focus is on Poland, where banning Sunday trading has been planned. CEO Liad Barzilai and COO Scott Dwyer are relaxed about this issue. And they are satisfied with their Russian portfolio.

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

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

Projects & Openings Europe

FRANCE: The new Prado opened in Marseille –
UNITED KINGDOM: Axiom shopping and entertainment development in West Yorkshire –
BELGIUM: Les Bastions in Tournai opened its doors to the public. –
GERMANY: Hansa Center –
POLAND: Janki –
AUSTRIA: Murpark –
SERBIA: Stop Shop Požarevac and Vršac –
UKRAINE Rive Gauche.

Why Nicosia Mall Is Flying High

The warm Cypriot sun is shining brightly on the Mediterranean island’s ambitious shopping, leisure, and dining development – Nicosia Mall – which will open its doors to visitors in November of this year.

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.

Reimagining department stores in Europe

Department stores are a key part of the retail mix in Europe. With bleak news about the sector blowing across the Atlantic, we thought it was time to take a close look at just how things were faring here in Europe. ICSC’s research has uncovered both shared challenges and fundamental differences.

Placemaking is not a blueprint business

With the advent of e-commerce, stores are being used by retailers to differentiate themselves from e-commerce platforms, providing shopping experiences that cannot be reproduced at home.

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.

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