Credit: CBRE
Management | Ticker

CBRE becomes largest shopping center manager in Iberia

CBRE reaches the number of 50 shopping centers under management and leasing in 2021, amounting to 2.3 million sq m throughout the Iberian portfolio.

The company argues their success lies in combining know-how from marketing, technical management, retail intelligence, sustainability, and in-depth market analysis. This helps them rethink the positioning and values of each shopping center, as well as investing in the improvement and optimization of the commercial mix of retailers to better suit the needs of visitors.

Gonzalo Senra, CBRE’s Retail Director for Iberia, said: “the numbers reflect the creation of an Iberian management structure that currently has a Retail Property Management team of more than 250 specialists. The more than 2 million square meters we currently manage are visited by around 230 million customers annually. Footfall is obviously relevant, but above all we want to show that it is closely linked to CBRE’s vision for the future of retail, for the future of shopping centers as meeting places”.

Soledad López-Cerón, Property Management Director for Iberia, added: “Our goal is to focus on people: on those who live in the center daily, the teams that work there, the visitors and, of course, the owners and shopkeepers. This ecosystem is not complex when working with anticipation, but also with generosity and a sense of action, with the aim of always adding value to people and ensuring that action is taken in a timely manner, with discretion and adapting to the characteristics of each asset and its area of influence”.

CBRE is investing in digital tools and sustainability strategies, two pillars that will be expanding their management strategies. In 2022, the plan is to continue growing with the incorporation of more assets in Portugal and Spain.

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker MORE

Titanium acquires Ozols shopping center in Riga

The asset was exited by KS Holding to Titanium Baltic Real Estate. The former shopping center Galerija Azur was acquired by the seller in 2016 and redeveloped over three years, then opened under the new name Ozols.

Coniq develops new loyalty programs for Reem Mall in Abu Dhabi

Coniq announced their partnership with Reem Mall (Abu Dhabi) to develop innovative engagement and loyalty programs for unique customer journeys backed by the latest data science, especially for the GCC market.

FCR buys 26, 000 sq m shopping center in Eisenach

FCR Immobilien AG has acquired a shopping center in Eisenach, Thuringia, with a sales area of approximately 26,000 sq m as part of the continuous expansion of its portfolio.

Debenhams.com opens first UK store in Manchester Arndale

Manchester Arndale announced that fashion retailer Boohoo has opened its first Debenhams.com beauty store at the center.

Trafford Center launches Tinsel Town outdoor experience for festive period

Manchester’s Trafford Centre created a festive outdoor experience with Tinsel Town, following the recent Summer Social and Spookfest events.

400th Primark store opens in Italy

Primark opened its 400th international store in Sicily (Italy) today, which now totals eight fashion outlets in their Italian portfolio.