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Strengthened business strategy

„The reopening showcased our strength as a pan-European platform, as we shared the experiences of each country reopening, starting with Germany in mid-May, followed by all of the countries we are operating in.“

“Healthy space” measures at Finestrelles in Barcelona

“We created a whole series of protocols aimed at returning the shopping center to normal.”

Reopening to New Possibilities

“It is evident that digital reach for malls will be more important than ever before as the world emerges from Covid-19.”

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GfK study on European retail

A 2019 review and how Black Friday has become the most important annual shopping event. All that, and more, can be found in GfK’s study on key European retail indicators.

Looking to the future with optimism

“Although it is still too early to determine changes in customer behavior, our preliminary assessment after the first few weeks of the reopening is optimistic in terms of sales and inflows.”

The consequences of the lockdown

“Now, ULI Europe’s latest report, ‘Reshaping Retail–Accelerating Change’, forecasts that the impact of Covid-19 will accelerate the restructuring of the retail property sector, even more so in the United Kingdom.”

A time of regulations and restrictions

Covid-19 has presented property owners and developers with unique challenges, and for Atterbury Europe that is compounded by having operations in three different territories: Romania, Cyprus, and Serbia. Asset manager Vlad Valcea gives some insights into the Company’s strategy.

Can residential be considered within a conversion to mixed-use?

Retail, from purpose-built shopping centers through to traditional high streets, has been facing long-term challenges, even before Covid-19. And the shift from single to multiple format offers, or mixed-use, is becoming firmly established.

DIY is trendy: “Kreativmarkt Hamburg” opens at Quarree Wandsbek

Even though many things are changing in times of corona, the renovation of Quarree Wandsbek in Hamburg continues and even big stores with more than 800 sq m have reopened. Their product ranges already expanded, as “Kreativmarkt Hamburg” signed its new lease agreement in the middle of the crisis.

The office-ization of the high street

Has the decline in high street shopping brought about a new opportunity for flexible workspace operators to move into town centers and change the way we all work?

Outlet stores as an effective lever for brand retailers to clear their stock

“The economic model of the outlet store is ideal in this period of uncertainty, as it is based on balanced and virtuous relations between brand retailers and property companies, by indexing income to results achieved by the points of sale.”

Rethink completely, rebuild substantially

Shopping centers have been grappling with dwindling visitor numbers due to their online competition since before the coronavirus crisis. Now, many malls are facing an almost yawning emptiness. To ensure their survival, these shopping hotspots have to strike out in a new direction even faster than originally anticipated.

Estonia’s largest shopping center Ülemiste expects stability by autumn

Covid-19 led to mobility restrictions throughout Europe, and the range of measures included the closing of shopping centers. In Estonia, where malls were closed for one and a half months, they have been reopened and visitor numbers are good, but it will take another three or four months to return to the former level, believes Guido Pärnits, CEO of the Ülemiste, the largest shopping center in Estonia.

SPECIAL ISSUE "THE LONG WAY BACK" - FREE DOWNLOAD

Around two and a half months after the shutdown, the Covid-19 crisis still keeps the retail real estate and placemaking industry well and truly on its toes. Even though stores and marketplaces in many European countries have mostly reopened, dramatic declines in frequencies and revenues remain more of a rule instead of an exception.

Creating magnetic customer appeal and next-generation anchors

In recent years, F&B has been hailed as the retail-centric development equivalent of a knight in shining armor; an offer that cannot be replicated online, that delivers customers an experience worth seeking-out and returning to time and again. The onset and impact of Covid-19 highlights the importance of a successful F&B strategy and the development of appealing F&B destinations that respond to how the customer of the future will shop day and night, and how mixed-use places are stitched together.

More courage, more creativity

Corona is rapidly changing the world of retail. Shopping centers also experience these changes. Operators and tenants are facing far-reaching changes. Especially the severely affected fashion industry will accelerate these changes.

How to reopen your shopping centres. User guide

The need for marketing, centre operations and leasing teams to work together to help their destinations recover faster and stronger from the COVID-19 crisis is paramount. Coniq has written this practical how to guide following numerous conversions with clients and partners so your pre- and post- reopening plans are a huge success.

Stricter financing conditions for retail properties

Business closures and rent losses in the coronavirus crisis have made banks even more cautious about retail properties and shopping centers. In the case of refinancing, portfolio holders have to calculate with higher interest rates and additional equity.

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