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A strong year for leasing activities in 2020 and a successful start to the year with new business in 2021 have been reported by Commerz Real, the asset manager for real asset investments in the Commerzbank Group.
VIA Outlets – Europe's fastest growing owner-operator of premium fashion outlet destinations – has, as of today, with Freeport Lisboa Fashion Outlet being the last one in line, reopened all closed and semi-closed centres in its eleven-strong portfolio. While the company was advised to temporarily close the majority of its outlets by local authorities in March and April in the wake of Covid-19, three were able to remain open throughout.
Unibail-Rodamco-Westfield (URW) announced that 65 of its 90 shopping centres have re-opened after the easing of restrictions imposed because of the COVID-19 crisis. This follows announcements by authorities in Los Angeles and France on May 26 and 29, respectively.
Lifestyle Outlets, part of Peel L&P, has reported another year of strong results, with growing footfall and sales figures bucking the national retail trend across its two operational centres in Manchester and Gloucester, despite market uncertainty surrounding Brexit and a late General Election.
centre:mk, one of the top 10 shopping centres in the UK (released by GlobalData), is bucking the nationwide trend of declining footfall, and has reported that the centre’s footfall is up +2.5% YOY.
Wereldhave has taken notice of recent media attention about the possible intention of Hudson’s Bay Company (HBC) to close its operations in the Netherlands by the end of 2019.
Neinver – a leading investor, developer and operator in the European outlet centre industry and the largest operator in Spain and Poland – has announced that sales across its outlet portfolio grew to €487M during the first half of the year, an 8% increase compared to the same period in 2018. The number of visitors to the 16-outlet-centre portfolio also rose by 3% to 21 million.
The portfolio of 15 outlet centres in Europe welcomed 42.3 million visitors in 2018.
Visitors to the centers in Spain, France, Germany, Italy and Poland totaled 41.7 million in 2017.
Leading diversified professional services and investment management company Colliers announced that Monika Rajska-Wolińska has been promoted to Chief Executive Officer (CEO) of Colliers in Central and Eastern Europe (CEE), now including Bulgaria, Czech Republic, Hungary, Poland, Romania, and Slovakia, effective from 01 August 2021.
Europe's food retailers are being put to the test by the eco- nomic consequences of the natural disaster Covid-19. This is a very special kind of weather situation. While non-food retailers and the food service industry are in sheer despair in the face of the calm caused by government-imposed lockdowns, the "system-relevant" food retail sector has been confronted with a veritable storm tide since the sec- ond quarter of 2020.
Retail parks have been the best performing and most resilient retail format in Belgium prior to and throughout the Covid-19 pandemic, resulting in a slight compression in yields by 25bps since the beginning of the year according to new research by CBRE commissioned by Mitiska REIM.
For small and medium-sized businesses lease terms and conditions become a hot issue again due to January "lockdown mode".
Coniq today officially unveiled IQ Connect, the retail industry’s first and only complete location-based loyalty solution designed specifically to drive footfall and sales for shopping centres and tenants.
Modern retail stock in Romania will exceed the 4 million sq m threshold by the end of the year. Several openings were postponed due to Covid-19.
MAPIC Russia 2020 is a long-awaited offline event for the retail real estate market, which gathered industry professionals and experts in Moscow on September 16-18, 2020.
The new, close relationship with customers. These are the strategies that retailers and operators apply to prepare for life after the crisis.
Despite the pandemic and nearly two months of lockdown, Westgate Shopping City has continued to open new stores and attract visitors. The shopping center in Zagreb is prepared to face the realities of the near future, which are sure to be challenging.
The long-awaited offline event of the retail real estate market MAPIC Russia 2020 will bring together professionals and industry experts on September 16-18 at Crocus Expo.