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Anticipating the needs and expectations of customers.
In Western Europe, where retail park development has reached maturity, new schemes have to be innovative and compelling. In Central and Eastern Europe (CEE), the market is relatively undersupplied, providing scope for increased levels of development activity. These are the findings of a recent study conducted by Cushman & Wakefield.
Retail parks were long considered a necessary evil. However, their image changed drastically as they defy online retail due to their function as local suppliers. They now have the full support of customers, tenants, and investors.
This is one of the main findings of the research carried out in Poland by Neinver together with the Polish research firm IQS.
John Riordan, Managing Director of MK Illumination Ireland, reports how the right lighting and décor has helped Mahon Point Shopping Center in Cork (Ireland) create a festive atmosphere since 2008.
GfK study on key retail indicators: 2018 review and 2019 forecast
Residential buildings and hotels emerge on shopping centers. Areas of supermarkets are being used for this as well, as the retail real estate industry discovers the benefits of urban densification.
A connected, future-ready, liveable urban core – that’s the vision for the city of Wolfsburg’s Nordkopf district. The development project is now picking up speed. The plans for the inner city areas to the south and the west of the Wolfsburg train station will be designed by the SIGNA Group, which has been signed as an investor and a project developer for the entire area. The Austrian SIGNA Group and Wolfsburg AG are concluding a project development agreement for this purpose. The next step for the project partners will be to develop an overall concept to be put to the Wolfsburg City Council and all other involved parties for approval.
When Sweden’s award-winning Väla Centrum devised a year-long campaign to boost the center’s visibility, media engagement and footfall, MK Illumination was on hand to add light to their “Year of Love”
When Europe’s largest shopping center, Westfield London, wanted to fill their vast space with a unique, contemporary, and animated lighting display over the holiday season, MK Illumination was on hand to turn their chosen design into a festive reality.
Food courts are taking over German shopping centres. Having originated in the US and the UK, the trend has now arrived in Germany. A comprehensive range of restaurants and cafés is seen as an antidote to booming online retail in sectors such as clothing, shoes and electronic goods.
With 2019 heralded as the coming-of-age for PropTech, owners and managers of real estate are under increasing pressure to understand the value of technology when making key tech investment decisions.
Since the liberalization of opening hours – determined by the “Salva Italia2” decree passed in 2011, during Mario Monti’s legislature – retailers in Italy have been free to open on Sundays and festive days, according to their own commercial strategies.
The reason is the competition from online retail. Residential and logistics assets, in return, will be increased.
People say that predictions are hard, especially when they have to be made about the future. Be that as it may, ACROSS asked leading industry-players what to expect from the coming twelve months.
ECE advances the development of its centers to digital platforms: Effective today, the “Digital Mall” will be extended to five pilot centers and will thus be available at five shopping centers.
A study conducted by EHI and Statista examines the e-commerce markets in Austria and Switzerland.
New overall concept to include High Street shopping, dining, leisure & entertainment on 40,000 sq m
Boxpark Wembley, the largest site to-date for the pop-up mall pioneer, will open on December 8 at Quintain’s £3bn Wembley Park development, one of Europe’s largest urban regeneration projects.
Even after 10 years of online retailing, the clear dominance of brick-and-mortar retailing remains unbroken.
