“On high streets, we might expect light, bright, and welcoming spaces designed for casual gamers, which reflect the synergies between gaming and other creative industries.” | By Nicky Wightman
Shopping Centers in the Baltics amid Covid-19: Visitor Footfall Is Down, Though More Is Being Spent per Visit.
Following an investment in the amount of 70 million euros, Supernova Ljubljana Rudnik has entered a new phase of development, becoming one of the largest shopping centers in Slovenia. The completion of all work is scheduled for the second quarter of 2022.
PROPTECH COLUMN | “As digital consumer databases typically reach between 10% and 50% of unique annual physical visitors and beyond, each shopping center would have as strong a value proposition vis-à-vis tenants in the digital space as those with physical stores.” | By Peter Tonstad
“It would have been naive to think that, somehow, the Eastern countries could have transitioned from communism to laid back consumerism without going through the small versus big Kulturkampf that we have all experienced.” | By Michael MacBrien
The shopping center and management division of Abu Dhabi-based Lulu Group International, Line Investments & Property LLC, boasts a portfolio of malls through the Gulf and India. +++ TribecaCity in Mauritius continues to rise up out of the ground, with good progress being made on the scheme’s basement levels. Benoy is delivering architecture, interior design and master planning for the 150,000 sq m project. +++ The Netherlands-based design firm MVRDV has released details about Glass Mural in Detroit, USA.
The opening of the largest inner-city regeneration project in Rotterdam in recent years, Forum Rotterdam, took place on September 24, 2020, with a small gathering and in full compliance with the current Covid-19 guidelines +++ Recently, the refurbishment of TresAguas has completed in the Madrid district of Alcorcón +++ Over the last few decades, Atrium Ljungberg has redeveloped Sickla, a suburb of Stockholm, from an industrial estate into a vibrant, living city district
Revitalization is absolutely essential when it comes to aligning retail locations with the “new normal”, emphasizes Christine Hager, Managing Director / Head of Shopping Center Asset Management at redos, in an interview with ACROSS.
Empty food courts, declining sales figures, stricter hygiene regulations, and shortened opening hours have created problems for gastronomy operators within shopping centers. As a result, alternative interim concepts are in high demand.
“We remember the impact food trucks have had. Those ideas can be developed further.” | By Chris Igwe
Eduardo Ceballos, Asset Management Director Southern Europe & the Netherlands at Neinver, emphasizes the need for an outlet center in the economic heart of the Netherlands. Amsterdam The Style Outlets, which will open on November 26, 2020, will satisfy the need with an upscale proposition.
Enhanced gastronomy offers were considered essential components to make retail properties more attractive. Then corona came and altered the framework conditions substantially.
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“Kicking the addiction to yesterday’s retail to attract crowds back again.” | By Ibrahim Ibrahim
At HyperIn our mission is to offer the leading retail real estate management platform for connecting digital and physical consumer journeys. We truly believe that shopping destinations will also in future be lively places for consumers to visit and get inspired. However, this requires that landlords will be able to deliver all these experiences in a convenient way, like it is expected in 2020.
The best shopping centers must be underpinned by a technology platform powered by high density, connected technology infrastructure, technology services and real-time, actionable shopper data, delivering a highly personalized experience for how shoppers want to engage with the destination. It must be an online to offline to online journey and it should be continuous not just at a few key times a year.
“Several shopping centers have already established second-hand item exchange days for their shoppers. Malls are perfect locations for such activities, and the opportunities go beyond leasing floor space to second-hand stores.”
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“Covid-19 is the biggest challenge of our time and it affects the retail sector as well as the retail real estate market. With the study Footfall Anchors Post Corona–5 Propositions for the New Future of Retail, we discuss the current situation for retailers, investors, project developers, and municipalities on a broad scale. In collaboration with renowned experts we discuss the new future of retail, the real estate industry, and subsegments of the retail real estate sector. The result is a comprehensive documentation of the status quo regarding the situation of retail asset class.” - Angelus Bernreuther, Head of Investor Relationship Management at Kaufland Germany.
Restaurants & Gastronomy – has this former rising star turned into a fallen angel for the real estate industry?