Search Results for: european retail – Page 11

Europe’s food retailers are being put to the test by the eco- nomic consequences of the natural disaster Covid-19. This is a very special kind of weather situation. While non-food retailers and the food service industry are in sheer despair in the face of the calm caused by government-imposed lockdowns, the “system-relevant” food retail sector has been confronted with a veritable storm tide since the sec- ond quarter of 2020.

The European Council of Shopping Places (ECSP), the association which provides a dedicated voice for the European retail property sector, has released its position paper responding to the financial impact of Covid-19 on the retail property sector. The uncertainty of repeated lockdowns, the inconsistent approach of different governments, and the overly onerous focus on retail property owners to support an industry in crisis is not sustainable.

The ACROSS Advisory Board has its say. On February 25, the ACROSS Retail Talk on “Outlook 2021” took place. 16 members of the ACROSS Advisory Board discussed the expectations and perspectives of the placemaking industry in an exciting year. A large, prominent expert audience followed the online event.

Retail parks have been the best performing and most resilient retail format in Belgium prior to and throughout the Covid-19 pandemic, resulting in a slight compression in yields by 25bps since the beginning of the year according to new research by CBRE commissioned by Mitiska REIM.

Expansion despite the pandemic: SES Spar European Shopping Centers, developer and operator, has announced the opening to the general public of retail park of the Hungarian city of Kaposvár and the entire Somogy district, which will take place on 11 March 2021.

“High streets and shopping centers will need to focus less on filling space with stock, and more on reutilizing that space for wider social and cultural needs, as well as for showrooming, fulfilment, back-of-house functions, and last-mile delivery.”

Asset Management Directors Diederik Bakker and Harold van Riel and their asset management teams work closely together at Multi Corporation. This major pan-European retail service platform manages and redevelops retail properties across 14 countries in Europe and Turkey. How do they maintain sustainable asset value in a health crisis such as the current Covid-19 pandemic?

“It would have been naive to think that, somehow, the Eastern countries could have transitioned from communism to laid back consumerism without going through the small versus big Kulturkampf that we have all experienced.” | By Michael MacBrien

Multi is currently carrying out several refurbishment projects within its portfolio, all of which center around the creation of spaces that are integral parts of their respective communities.

Nivy Station is a special project. It represents a fusion of various functions into a single, deliberate concept that will provide Bratislava with a new airport-style bus terminal, more than 250 retail establishments, a fully-fledged gastronomic zone with a marketplace offering local farm products, and a green roof for active rest and relaxation. Thanks to the integration of the bus station and its overall location, this center will be a transport hub, suitable for all kinds of urban as well as regional mobility. It is situated in the heart of a dynamically developing business zone and is a neighbor to existing as well as emerging projects in the Nové Nivy zone.