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Fortune Favors the Brave

The retail real estate industry has faced many challenges in the decade since the crash. Most fundamental among them was a textbook case of falling demand facing rising supply.

Parndorf to Focus on Entertainment in the Future

A new food and entertainment complex has recently opened at Parndorf in Burgenland, one of the most successful outlet locations in Europe. Centerprise Group, based in Austria, was jointly responsible for the conceptual design and letting of the complex.

Year after Year …

… innovative retail real estate projects and refurbishments are unveiled at Mapic in Cannes. These are just a few examples.

PROJECTS & OPENINGS EUROPE

SPAIN: Inmobiliaria Espacio has appointed UK retail and leisure agency Lunson Mitchenall to drive forward the next phase of retail and leisure leasing at Caleido in Madrid. The Torre Sevilla shopping center opened its doors to the public. | SWEDEN: Mölndal Galleria opened in the Greater Gothenburg Area. | GERMANY: After three years of renovation, Helio, with its 38,000 sq m, opened its doors in Augsburg. Ernst-August-Galerie in Hanover will be modernized, redesigned, and expanded. Prelios Immobilien Management has presented a comprehensive concept for the redesign of the Galerie Neustädter Tor in Gießen, Hesse.

Who Is the Most Innovative of Them All?

The retail industry is going through seismic change, fueled by changes in demographics, consumer behavior and – perhaps most notably – technological advancements. Recent figures show that e-commerce currently makes up one-tenth of total retail sales worldwide, and this number is set to increase over the years to come.

TH Real Estate launches next platform for German retail

Marcus Mack, from TH Real Estate, believes that the country’s retail market is more active than ever before. As a result, he and his team have recently set up a new Germany-focused retail vehicle. With a target portfolio size of €400 million, it has a proposed term of 10 years, with a two-year renewal option.

EXCITING DESTINATIONS

ECE is already on the way to establish its shopping centers as places for shopping, dining, sports, and leisure.

Christof Papousek

Entertainment for outlet shoppers

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.

ECE CENTER BUDAPEST

A new mall for Budapest

An ambitious plan: ECE plans to build no less than the most modern and attractive shopping center in Hungary. The opening is scheduled to take place in 2021.

Bill Kistler, ICSC’s Executive Vice President and Managing Director of EMEA

Reimagining department stores in Europe

Department stores are a key part of the retail mix in Europe. With bleak news about the sector blowing across the Atlantic, we thought it was time to take a close look at just how things were faring here in Europe. ICSC’s research has uncovered both shared challenges and fundamental differences.

RiveGauche

A reference in particular the river Dniper

Leslie Jones Architecture in London and Urban Experts in Kiev have been appointed by international developers Immochan Ukraine to design the interior of Rive Gauche shopping and entertainment complex in Kiev. With nearly 400 shopping centers managed in 12 countries across Europe and Asia, Immochan is one of today’s leading European commercial real estate companies for shopping centers. Simon Scott, Head of International Business at Leslie Jones Architecture, reveals details about Rive Gauche’s interior design.

The Lobby in Stockholm

Developers continue to push pop-up spaces

With these spaces, they give online brands the opportunity to launch a test balloon and find their footing in stationary retail. But also car companies like Tesla and Volvo work with this retail format.

Cover MK Illumination

MK Illumination Special: Enlightening Your Vision

With today’s consumer looking for the ‘experience’, shopping centers can tap into emotions through attractive lighting displays and decorations that tell stories and actively engage them.

Benoy’s project Vadistanbul mall, located near Belgrade Forest, north of Istanbul

PROJECTS & OPENINGS EUROPE

Benoy’s project Vadistanbul mall north of Istanbul | Galeries Lafayette Flagship Store Luxembourg | Kongahälla Shopping in Kungälv located north of Gothenburg | Belgrade Waterfront project in Serbia | ECE´s Hessen-Center in Frankfurt | The redevelopment of the Whitgift mall by the Croydon Partnership – a joint venture between Westfield and Hammerson.

Alison Bowcott-McGrath, Managing Director at Maynineteen

Retail Events – Raising the Game

Consumers have the technological freedom to shop whenever and wherever they want, and brands are expected to work much harder than ever before to maintain their loyalty.

RETAIL REAL ESTATE – HELP WANTED

Since real estate has become both more professional and specialised, dedicated undergraduate and postgraduate real estate education has become widely available. Investing in optimising through ongoing professional development yields returns for both the individual and the organisation.

CEO PERSPECTIVES 2025 – When the Tenant Thrives, the Asset Flies
What will it take in 2025 for an asset to take off? For this special, we asked leading figures in the European retail real estate sector what they see as the most significant current challenges, as well as the solutions needed, for retail assets not just to survive but to prosper.
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