THE MOST CURRENT STUDIES AND COUNTRY REPORTS
At Expo Real, MEC Metro-ECE Centermanagement and its proven partners Corpus Sireo, Dr. Lademann & Partner, GfK, TH Real Estate, and, for the first time, Savills, presented the third edition of “Retail Parks in Germany.” The report centers mainly on customer focus. The most important finding: a complete rethink is required to provide consistently customer-oriented management of retail real estate.
Unsurprisingly, project development in the country has been interrupted. But in Kiev alone, about 20 malls with around 1 million sq m of GLA are currently at various stages of completion, possibly opening in 2017-2018, according to UTG.
Yeouido, an island in the Han River, is home to the South Korean capital’s main business and investment district – including the IFC Mall, which opened three years ago.
In an interview with ACROSS, John Coyne, the new Chief Executive of the British Council of Shopping Centers (BCSC), argues decisively for the relaxation of Sunday trading laws in the United Kingdom. His aim in general is for the industry to be even better heard by the government.
A look at Lithuania: According to the “Real Estate Market Report 2015 – Baltic States” by Ober-Haus, not a single large shopping center has opened its doors in Vilnius in the last five years. Developers are trying to exploit attractive locations by offering small and medium-size malls, however.
The shopping center vacancy rate in the Russian capital has increased from 6.5% to 7.5%.
GfK has carried out a comprehensive analysis of the European retail scene in 32 European countries. The study examines purchasing power, the retail share of the population's total expenditures, inflation, sales area productivity as well as changes in retail due to eCommerce, as well as a turnover prognoses for 2015. The study will appear in the forthcoming edition of ACROSS Magazine, which will be published in June.
According to CBRE, global shopping center development continues to accelerate, with a total of 11.4 million sq m of space opening in 2014 compared with 10.6 million sq m in 2013.
The “Yas Mall” in Abu Dhabi boasts around 230,000 sq m of GLA. The emirate’s largest retail and entertainment center scores not only with its size, but also with its sustainability.
Colliers International sheds light, among other things, on the retail real estate sector in Ukraine in a new report on the year 2014. As expected, all key indicators deteriorated.
ECE won it, coming in just ahead of Westfield. Despite a neck-and-neck race, the two top-ranking competitors in the brand value study carried out by the Eureb Institute differ significantly from each other.
Sadolin/Albæk takes a close look at the metropolis on the Øresund and its surroundings in “Copenhagen – Property Market Report 2014.” It examines the retail segment, too.
The shopping center business in the Scandinavian country has reached its 30-year anniversary. It is not yet a mature sector, but it is an area with continuous development.
Historically the people of Belarus went to Vilnius, Warsaw, or Moscow to buy brands that they could not get at home. This trend is beginning to change as more and more international brands seek space in the country’s new shopping centers.
A recent study by CBRE finds that consumers want convenience and a social experience when choosing where to shop.
A recent study by EHI and Statista shows that the rapid growth of the e-commerce market in Germany is over for now.
“Small is beautiful” is how experts characterize the market in the Czech capital Prague. But insider knowledge is essential.
The largest empirical study of brand equity in the real estate industry – the “Real Estate Brand Value Study” by Eureb – is expanding its panel. In cooperation with ACROSS, European retail developers and operators will be examined for the first time.
Kuala Lumpur, the capital of the former “Asian Tiger” Malaysia, has seen better days from an economic perspective.
Legislation forcing all retail shops to close on Sundays entered into force in Hungary on March 15, 2015; most shops are forced to close on Sundays and at night.