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2019

Lendlease and Invesco Real Estate, the global real estate investment manager, have announced that Skechers, the global lifestyle and performance footwear brand, has signed for a brand-new store at Queensgate in Peterborough.

VIA Outlets – the fast growing owner-operator of premium outlet shopping destinations in Europe – reports strong results for 2018, boosted by increased footfall (+3.5% year-on-year)* and an increase in the average spend per guest (+5.6% year-on-year)*. This positive performance has been achieved amidst the current challenges facing the retail sector.

Lifestyle Outlets, part of Peel L&P, is driving growth across its successful experience-led outlets portfolio with £150m of further development and are looking to accelerate this growth by bringing in a new strategic investor.

Birmingham City Council has recently announced Lendlease as its development partner to deliver the transformation of the 17-hectare Birmingham Smithfield site.

Cracovia Outlet Center, KG Group’s flagship development project, is being built in Krakow as part of a multifunctional commercial zone. The developer is designing a concept which is mainly focused on the optimization of purchases. The outlet center will be located on one common area with other commercial facilities. As a whole, it is being implemented with the view of maximizing shopping convenience for future customers.

There will be two new retail properties in the Grand Duchy, as Cloche d’Or and Royal-Hamilius will be opening there this year.

Coworking spaces have potential – also in shopping centers. The first symbioses already enhance the European retail real estate market.

Construction works of the Acteeum Group and Equilis Polska joint project – Galeria Chełm – have just begun. Investors have signed a contract with KARMAR S.A. which is becoming the general contractor of the project. Galeria Chełm with a GLA of 17.5 thousand sq m will be the first shopping center in Chełm and at the same time the first joint venture of both investors.

Ingka Centres ramps up investment in China with new mixed-use projects. This will cost the company €2 billion.

European commercial real estate investment volumes reached a record high of €312 billion in 2018, according to the latest data from leading global real estate advisor, CBRE. This represents a 0.3% increase on 2017, which was previously a record, when total investment volumes reached €311 billion.