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The brick-and-mortar store “retail apocalypse” has been abandoned, as numerous international studies clearly show. Online retailing is and remains a peripheral phenomenon in terms of current sales figures.

The European retail real estate industry has been going through the formation and development of mega-corporations. In the long run, will major enterprises divide the industry among themselves?

The acquisition of Westfield by Unibail-Rodamco also offers new opportunities for 26 shopping centers in the German portfolio. Tenants as well as customers should benefit.

By Reinhard Winiwarter, Publisher and Managing Partner ACROSS Magazine

Let’s face it: The general market sentiment for off-prime shopping centers, and even for well-performing assets in less prominent locations, is currently shaped by increased investor uncertainty about the future performance outlook for the asset class as a whole. Consequently, not much has happened in the European shopping center sector since the beginning of this year.

“Oslo S Utvikling is currently undertaking a vast development in Bjørvika, a previously neglected part of the downtown area, adjacent to the Central Station.”

The ACROSS Advisory Board is happy to announce its latest addition and welcomes Peter Karai as its new member.

“I have always said large parts of the foodservice industry are actually leisure, now we are proving it every day.”