THE MOST CURRENT STUDIES AND COUNTRY REPORTS
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.
The Savills’ “UK Shopping Center and High Street Bulletin, Q4/2014” notes intense activity in the country’s market with increased investor activities and demand for the sector. This trend is expected to continue into the medium term.
According to Savills, transaction volumes in the black-red-gold republic rose by a third in the first quarter of 2015 compared to the same quarter last year.