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PROJECTS, TRENDS AND STRATEGIES

Following its market entry in Italy, Immofinanz is continuing the expansion of its STOP SHOP retail park brand in the Adriatic region. In Croatia, the number of retail parks is to be increased from currently four to more than 20 locations in the medium term.

Scallier has obtained the building permit to construct another retail park in Romania. Situated in Turda, the development will provide around 9,000 sqm of space to let. Populated by some 50,000 people, Turda is a town in the northern part of the country.

The 27, 000 sq m project is being delivered by Rioja Estates in partnership with Osborne+Co, its first phase is expected to open in Summer 2025 with Phase Two following soon after in Autumn 2027.

LATEST TRENDS IN ASSET AND CENTER MANAGEMENT

NEPI Rockcastle has raised the equivalent of 143 million Euro equity from its latest scrip dividend, corresponding to approximately 85% of the final dividend payment for the year ended 31 December 2022. As a result, NEPI Rockcastle’s total issued share capital will increase by 4.75% to approximately 636 million ordinary shares and its capital base is strengthened for investment in future growth.

New times and challenges lead to new official guidelines: Redevco has redefined its mission statement in order to lead the transformation of cities to ensure that they are sustainable and liveable, in line with the company’s goal of contributing to the health and well-being of people and the planet. In this joint interview, Marrit Laning, Chief Strategy & Innovation Officer, and Ton van de Grampel, Chief Human Resources Officer, discuss the key objectives and explain why social KPIs need to be added.

The property expert WISAG Facility Service offers specialized solutions and service packages for different market sectors. This also applies to retail real estate. WISAG deals with all the fundamental questions of the retail sector, far beyond the company’s core business. Joaquin Jimenez Zabala, who is responsible for WISAG’s business activities in the retail real estate sector, explains this and more to us.

DEVELOPMENTS AND TRENDS IN THE OUTLET INDUSTRY

In mid-March, Cineplexx opened a multiplex movie theater with five screens and over 800 seats in Parndorf, Burgenland. Immediate neighbors include McArthurGlen’s Designer Outlet Parndorf and FOP Management GmbH’s Parndorf Fashion Outlet.

In the 1980s, the retail format of designer outlets arrived in Europe. Now, the time for expansions and refurbishments, with a focus on food & beverage and leisure, has come.

STRATEGIES OF RETAILERS

This year’s EuroCIS focused on artificial intelligence, seamless check-out, and smart technologies. The presented solutions impressively showed how the retail industry will be positioned in the future. Generative AI enables more efficient processes, while automated checkout systems and digital shopping carts transform the shopping experience. Here, we present the most exciting approaches.

The Prada Group reports another year of remarkable results and solid progress, as high brand desirability and disciplined execution drove a positive trajectory on both revenue and margins. The Group’s net revenues grew by 17% to 5.4 billion euros at constant exchange rates compared to 2023, a well above-market performance marking four consecutive years of double-digit, like-for-like growth.

RETAIL TECHNOLOGY

PLANS OF INVESTORS AND OWNERS

According to Adam Pearce, Managing Partner at Kintyre, the currently inflated investment market for retail assets is not substantiated by the underlying trading environment for traditional brick-and-mortar retailers.

WHERE THE INDUSTRY MEETS