PERSONAL COMMENTARIES OF PLACEMAKING EXPERTS

Opinion

The Retail Real Estate Industry is Finding Itself on Very Thin Ice

An attempt to explain the current situation faced by retail tenants.

Remaining optimistic

However, according to Otto Ambagtsheer, CEO of VIA Outlets, the way in which customers shop will change, at least on a temporary basis. For example, in some of the company’s markets, they will not be able to let guests try on clothes before they buy them, and clothes that are returned will need to be quarantined for three days.

Flexible reaction in times of change

At the end of 2020, we intended to celebrate the opening of Nivy Station and welcome our first customers. We planned to change the face of Bratislava by working together and presenting a unique public space designed for travelling, shopping and relaxation. Due to the effects of the pandemic and state implemented measures, the possible opening date has become Spring 2021, when the project will be in construction readiness.

Leisure as the last opportunity for malls to become lifestyle destinations

The reign of retail is over. The Covid-19 crisis is not a black swan for the shopping mall industry.

Keep calm and carry on, just not as before

The Covid-19 pandemic will cause lasting change in the way that we live, work, play, and particularly in the way we shop.

After corona, more than ever: The future of retail is sustainable

“Fridays for Future, Earth day or the Fashion Revolution Week are just a few examples of a young, global movement that is only just beginning to fight for its market relevance.”

Covid-19’s impact on Dutch retail real estate

If tenants experience a substantial drop in turnover–25% or more – they can convert the quarterly advance payment of rents into monthly rents and, if necessary, can request a month by month rent deferral, provided they substantiate their request with information regarding turnover.

The speed of trust–greater collaboration and transparency in retail centers

“For landlords, it is no longer an option to assume very long retail leases, collect the rent and sit back until the time comes to renegotiate them.”

Sharing for a better future

“The lessor & lessee relation reflected in traditional lease models we are currently familiar with will transform into partnership models where risks and benefits will be shared.”

Switching to turnover-based rent

“As far as offline is concerned, we can expect consumers to be increasingly sensitive to emotions versus price, quality versus quantity as well as health and proximity.”

Retail – past its prime

“The only good news for stationary retail is that the “digital natives” (can) seize their opportunities only to a certain extent.”

Regarding the need for compromise

“We do expect the same developments like in China by late spring or beginning of summer at our malls in Central Eastern Europe and in Turkey.”

Together we stand, divided we fall

“How an old fable about the importance of unity can help center landlords and tenants thrive in the face of the coronavirus crisis.”

Overcoming putative constraints

“The corona pandemic reveals and emphasizes, among others, the very simple basic fact which is crucial to a healthy business survival illustrated by the dependency of all different business parties on each other’s survival.”

Corona – the fire accelerant

How resistant is the shopping center industry? Alleviating symptoms is not enough!

Effects of COVID-19 in the Hungarian retail sector

“After the first soft measures in early March, a curfew restriction was imposed in Hungary from March 28 until April 11. Together with the compulsory closing of all non-food shops at 3:00 PM this has had a huge impact on the retail sector.”

Brick and mortar retail under coronavirus, or why we must act now. A call for action

"Action will be needed to save millions of jobs around Europe. This will be a call for action for all of us who still operate, manage, develop, build, and expand stationary points of sales. Survival instinct is the prerogative of the species and now we have to find ours."

North American centers face COVID with grit and determination: A digital perspective

“No one believes this will last forever and most believe that the underlying economy will bounce back once an all clear is sounded.”

Covid-19 in a time of digital transition within retail

“If history is an indication of the future, consumers, having been in home isolation, will enthusiastically return to the mall to shop, dine, and be entertained.”

Let’s talk about the people

“Getting out of our comfort zones also makes us stronger in the long run, activating our values ​​and pursuing both personal and professional purpose should be our priority.”