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Search Results for: across leisure – Page 16

Credit: URW

UNIBAIL-RODAMCO-WESTFIELD CONCLUDES 732 LEASE CONTRACTS IN 2022

Unibail-Rodamco-Westfield currently operates 23 centers in the Germany and Austria region: 21 in Germany, eight of them in the Group’s own portfolio, and two in Austria. A total of 732 leases were concluded for these 23 centers last year. In addition, the mixed-use project Westfield Hamburg-Überseequartier, which is being developed by URW in Hamburg’s HafenCity until spring 2024, also experienced a lot of activity in 2022. The pre-letting rate for the retail, dining, and leisure sectors is now 73 percent.

MIPIM 2023: Best Mixed-Use Projects

Developers have increasingly turned their attention to mixed-use retail developments for their new construction projects and the redevelopment of urban areas. In the post-pandemic era, consumers are looking for diverse work, leisure, and shopping places. Mixed-use, therefore, is not a trend – it is the future of real estate. The following projects are the finalists in the mixed-use category of the MIPIM Awards.

Shopping centers should adopt the successful concepts of their outlet colleagues?

“Could this be the right time for the shopping center industry to pull itself together and adopt the successful concepts of its outlet colleagues? – This question was raised at the end of the first Retail Talk in 2023. On February 15, 2023, a top-class panel discussed “Outlets – A Winning Retail Format.”

Credit: URW

WESTFIELD CENTRO STRENGTHENS ITS FOOD & BEVERAGE PROFILE WITH BIGCHEFS

Another food & beverage offering has been added to the Westfield Centro promenade: the BigChefs restaurant brand opens its second branch in Germany and becomes one of the new flagships of the food & beverage brand mix at the location. With the new addition, Westfield Centro has achieved full occupancy for the promenade located directly at the center with around 15 dining concepts.

Credit: MK Illumination

THE LIGHT SHOWS SUCCESS AT MK ILLUMINATION

MK Illumination has achieved a sales growth of 14% despite challenging times and celebrates the most successful year in the company’s history. The significant growth from 140 to 160 million euros underlines the importance of lighting for the mood of people around the globe. Whilst keeping its sales stable in its home markets, MK Illumination has recorded strong growth worldwide in Scandinavia, the USA, Mexico, the Emirates, Saudi Arabia, and Turkey, with a renewed lighting focus in Manhattan, New York.

Credit: Hammerson

HAMMERSON SIGNS LANE7 AT THE BULLRING ESTATE, ENGLAND, FOR ITS BIGGEST INVESTMENT

Hammerson has signed Lane7, the boutique bowling concept, at the Bullring Estate, as it continues to deliver its strategy to reinvigorate its assets through new brands, entertainment, and experiential concepts. The 2,601 sq m space on Link Street will be Lane7 Group’s biggest investment to date and serve as its flagship.

Credit: Oxygen

OXYGEN APPOINTS STÄRKA TO BOOST NATIONAL EXPANSION

The UK’s indoor family activity brand, Oxygen, has appointed Stärka, the leisure real estate advisory business, to support the brand’s expansion throughout the UK. Stärka’s brief is to secure strategically located sites of between 1,858 sq m to 2,787 sq m owned or managed by landlords that are looking to provide a unique experience for their customers and visitors.

Credit: Festival Place

MAKING A POSITIVE CONTRIBUTION TO THE COMMUNITY AND REMAINING CONNECTED TO THE EVER-CHANGING NEEDS OF CUSTOMERS AND LOCAL RESIDENTS IN TIMES OF CHANGE

As a center launched 20 years ago, Festival Place was originally designed for an era in which ‘big box’ retailers dominated. The demise of high street brands such as Debenhams and Topshop changed the landscape for retail landlords, while the breakneck pace of the e-commerce revolution and the subsequent impact of the Covid-19 pandemic have changed consumer behaviour irrevocably. The team behind Festival Place have responded with a renewed emphasis on the leisure offer, closer engagement with the local community and delivering a range of events and services that all serve to keep the center relevant and to drive continued footfall.

credit: Fairmoney

„Mr. Cost Transparency“

„Cost efficiency and transparency“ – according to Markus Schmut, these are the two big “drivers”, especially for the retail real estate industry in the coming year. We have spoken with Markus Schmut, the managing director of Fairmoney. Using a shopping center as an example of a case study, he shows us what is possible with efficient fixed cost management.

Credit: AVER

BOSSING IT: LIVERPOOL ONE SECURES BOSS RELOCATION AND UPSIZE

Grosvenor has announced that German premium fashion brand, BOSS, will be relocating and upsizing their store at Liverpool ONE. Taking a new, prominent space on Paradise Street, the 1,254 sq m flagship BOSS store marks a 130% upsize in total trading area and is a strong vote of confidence in the destination from a leading international brand.

MAPIC Award Winners announced

Congratulations to all MAPIC Awards winners, who were honoured for their excellence, innovation, and creativity in the retail real estate sector.

Credit: MAPIC

MAPIC 2022 IS IN FULL SWING

The Commercial real estate industry is showing its most optimistic face. The 2022 edition of the French commercial real estate show MAPIC is focusing on the retail sector’s transformation.

The most promising development projects

Despite all challenges, a lot is happening in the retail real estate industry and great projects are in the making. This is best illustrated by the entries for the MAPIC Awards 2022 category “Best performing Shopping Center”. They include assets such as shopping centers, outlets, and retail parks. They show innovation through new technologies, customer loyalty programs, retail mixes and architectural features which come together for the aim of increasing footfall, customer satisfaction, average spending and offering a unique experience in a new shopping destination. All these outstanding projects demonstrate the strength, innovation, and positivity of our industry.

Left: Glasgow’s flagship Silverburn Shopping Center has an on-site management and operations team of 12 individuals. Credit: Silverburn. Right: Nick Hilton. Partner for Retail and Leisure at Workman. Credit: Workman

A SLICE OF THE UK RETAIL PIE OFFERS PLENTY TO CHEW ON

The prospect of getting a slice of UK retail is not without its risks, regardless of whether the bottom of the market has been hit in terms of shopping center investment. For many first-time buyers in this asset class, the time to focus on getting the basics right has come.

Credit: AVER10

OXYGEN INDOOR ACTIVITY PARKS EXTENDS PORTFOLIO WITH REDKANGAROO ACQUISITION

The UK’s first choice indoor family activity brand, Oxygen, has announced the acquisition of regional trampoline operator, RedKangaroo. Oxygen will continue to operate RedKangaroo’s sites in Reading, Nottingham and Coventry, UK under the RK brand with the view to integrating them into the Oxygen brand in the months ahead.