BIG CEE and RC Europe have reached an agreement on the sale and purchase of two retail parks in Serbia, NEST Obrenovac and Nest Kraljevo. Process of transaction went smooth and was facilitated by CBRE.
For a long time, the footwear market was one of the driving forces in the retail sector. Recently, however, hardly any other segment has seen as many insolvencies. However, where there are losers, there are always winners as well. In 2023, Deichmann is planning to make the highest corporate investment in its history – 500 million euros – and is investing in around 200 new locations worldwide.
At the 14th PRCH Retail Awards, the jury members awarded a total of 36 awards. This included eight gold statuettes and 27 silver statuettes, in 20 business, strategy and marketing categories. In addition, the strategic jury awarded a special prize for a project that stands out thanks to its innovative approach, setting trends in the industry.
This year’s MAPIC Awards honored winners across thirteen core categories, in addition to the People’s Choice categories and the winners of the MAPIC Academy—MAPIC’s inaugural start-up incubator sponsored by Nhood. The Awards reward exceptional retail brand performance and development, the latest cutting-edge solutions in sustainability and innovation, and the most recent real estate projects and redevelopments.
Luxury tourism is almost bringing Europe back to pre-pandemic levels. Even if the luxury sector has a good basis for further growth, it will need to have the ability to innovate in order to operate more efficiently in the future.
Rising disposable incomes across Central and Eastern European markets are outpacing those in more mature Western European economies and driving a more dynamic tempo of consumer spending in a region under-supplied with modern retail space, NEPI Rockcastle concluded in its recent third-quarter financial results.
Start of construction and strong letting success for the new “Food Garden” in the Main-Taunus-Zentrum: In November, construction work began on the new highlight in the middle of the shopping center – a high-quality and varied range of restaurants with five free-standing restaurant buildings, partly covered and partly open terraces, green outdoor areas and sophisticated architecture. The opening is planned for spring 2025.
VIA Outlets has seen a surge in the pace of leasing activity across its pan-European portfolio through 2023. New and existing premium brand partners continue to open stores or increase their GLA with upsizes, bucking the challenging market conditions experienced in much of the full-price retail segment. Brands are following customer footfall and gravitating towards the strong sales outperformance offered by the outlet center format.
We are in the middle of a transformation, states MAPIC Director Francesco Pupillo. The changes in the retail world are also reflected in the changing role and face of MAPIC. This includes the presence and support of new players. But in the end, the purpose of the biggest industry fair stays the same: It is a dealmaking opportunity.
This Thursday, one of the most sustainably modernized Kaufland stores to date will reopen to customers in Lenggrieser Straße in Bad Tölz. Just a glance at the newly designed facade with modern, sustainable wooden elements, which blends harmoniously into the local, Bavarian building culture, makes it clear that a very special revitalization of the more than 50-year-old store has taken place here after a total renovation period of around 17 months.
F1® Arcade, the world’s first official Formula 1® simulator racing experience to put socializing at its core, and the first-of-its-kind experiential hospitality concept; is coming to MAPIC from 28th to 30th November in Cannes.
Typical, traditional items from stationery, ceramics, food, textiles, games, and toys to cosmetics and perfumes that have long been forgotten and are still fondly remembered can be found in the heart of the Vieux Nice district.
“Quarters are not defined by their developers, but by those who use, work, and live in them”, stated Christoph Andexlinger, Chairman of ACSP, and CEO of the Austrian shopping center market leader SES, in his opening speech at this year´s congress, which focused on city and town quarters, while presenting not only new ideas, but bringing numerous examples of quarters in practice.
“The bottom line is that we use a systematic and comprehensive approach to develop sustainable real estate.” This is how Jovana Cvetković, Development, TO, and Innovations Director at MPC Properties, describes the company’s principle of commitment to innovative and integrated business. In this interview, she explains the steps MPC Properties has taken and will take on the company’s ESG journey.
Following the merger with Arcaplanet in Italy, the investment in ZOOCITY in Croatia and the recent market entry in Romania, the business expansion in the Netherlands marks the company’s next strategic step.
Last week, FASHION HOUSE Group started construction works on the second phase of the second Outlet Centre in its local portfolio in Romania, FASHION HOUSE Pallady, which will open its doors in the third quarter of 2024.
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