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ACROSS

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20 YEARS OF MAPIC – LOOKING BACK AND FORWARD

It was the usual framework: Sunshine; the laid-back the historic old town; the vibrant, busy life of southern France in the midst of November; the dark-suited businessmen meeting in the Palais de Festival or in the many restaurants and bars of Cannes. It was the 20th MAPIC, the retail real estate fair, in November 2014.

“ANYONE WHO SURVIVES A STORM COMES OUT STRONGER”

The Italian brand EYE Sport operates in the problem markets of Spain and Greece, among other places. In an interview with ACROSS, CEO Alessandro Ariu explains what he and his business partners have learned from the crisis.

CITYFIT PLANS 50 FITNESS CLUBS IN POLAND

Nicholas Moses, Managing Director of CityFit, says that shopping centers and retail parks will play a central role as locations in this expansion. He opened the first fitness studio in Plaza Rzeszow in May.

LEASING VERSUS COMMERCIALIZATION: FOES OR ALLIES?

Some developers consider commercialisation as part of the leasing activity although commercial leasing per definition means the longer term rental contracting of leasable premises which are defined as GLA of a commercial asset.
Commercialisation (or Speciality Leasing) however, specifically focuses on generating income from non-GLA areas and for shorter periods, typically within twelve months.

CHRISTMASWORLD ON TOUR

With Christmasworld’s Premium Business Program, participants are treated to a shopping tour of Frankfurt am Main.

BRINGING TOGETHER EMOTION AND BUSINESS

The next Christmasworld takes place from January 30 to February 3, 2015. Eva Olbrich, Director of Christmasworld, reveals what visitors can expect.

TARASY ZAMKOWE LAUNCHED IN LUBLIN

The Austrian company Immofinanz Group has completed another retail project in Poland: the Tarasy Zamkowe mall opened in Lublin on March 4, 2015. Its lettable area of 38,000 sq m gives it room for shopping, entertainment, recreation, and leisure activities with a balanced tenant and range mix. The investment amounted to approximately €115 million.

A PROJECT FOR MARSEILLE

The city in southern France is undergoing a cultural and urban renaissance. Klépierre is betting on the seaside metropolis with Prado shopping center. Galeries Lafayette will be one of the anchor tenants.

IKEA’S NEW PRIDE

Ikea plans to invest around €2 billion in Russia in the coming years. Mega Mytischi, northeast of Moscow, is a landmark.

“WE CREATE A BETTER EXPERIENCE FOR GERMAN CUSTOMERS”

Karl Reinitzhuber, head of the mfi management für immobilien AG in Germany, explains in an interview with ACROSS what has changed since France’s Unibail-Rodamco purchased a majority stake in mfi and accelerated the expansion of the shopping center portfolio.

TO APP OR NOT TO APP – THAT IS NOT THE QUESTION (ANYMORE)

Customers are constantly being offered more opportunities and methods for consumption, both online and offline. Every retailer has to recognize and follow this trend in order to avoid losing out to the competition. We must find a combination of e-commerce, mobile apps or social media, and traditional retail stores. Today’s end consumers are digitally networked at all times and around 63% of buyers use devices like mobile phones and tablets to learn about products in advance or to buy them online.

LIVING ASSETS MUST EVOLVE

These days, there has been a large debate about the crises of the bricks-and-mortar trade and the threat from e-commerce.

THE URBAN AGENDA – A CALL TO ACTION

The physical store no longer holds a virtual monopoly on retail transactions. Consumers can now shop anytime, anywhere, and are not bound by opening hours or physical proximity.

GROWING RETAILER DEMAND FOR DESIGNER OUTLETS

Designer outlets have been one of the most widely misunderstood, but strongest performing, real estate sectors in Europe over the past decade. The strong consumer demand for the outlet sector is reflected in the high levels of footfall, extensive catchment areas, and strong sales densities. In turn, strong occupier demand accounts for very high occupancy rates across quality outlets: Tier 1 assets have an average vacancy rate of just 2%.

KEEP RETAIL MOVING FORWARD

The quality of the retail offer presented by a shopping center is the route to leveraging customer preference. It is therefore key to retailer success. The art of leasing is central to our business.

IT’S ALL ABOUT MOTIVATION

As the retail and shopping center climate continues to heat up across Europe and ongoing investment strongly suggests that the future looks promising, it is vital that we remain clear on what it is that really drives our market: the people within it.

IN THE PIPELINE

More exquisite, spectacular, and sophisticated: the projects presented by the top players at MAPIC.