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Search Results for: leisure – Page 54

Investment in dominance, experience, and convenience

The last twelve months have been incredibly active in the retail business at Land Securities and this has been driven by a strategy that has completely transformed our retail portfolio by focusing on schemes that deliver dominance, experience, and convenience in their respective catchments. This transformation is best demonstrated with an in-depth look at the drivers of success that consumers and retail brands have responded to. This has ultimately resulted in having a retail portfolio that is made up of fewer properties overall, but a higher number of bigger, better, flagship centers located in prime shopping locations.

Arabian showpiece

The “Yas Mall” in Abu Dhabi boasts around 230,000 sq m of GLA. The emirate’s largest retail and entertainment center scores not only with its size, but also with its sustainability.

Home of Indulgence

The Minto shopping center in Mönchengladbach is already a success story. Its presentation as the “Home of Indulgence” counts: Just one month after opening, mfi/Unibail-Rodamco recorded one million visitors.

Unlocking the true value of foodservice

Sometimes it feels a bit strange, even now, after 25 years in foodservice consulting, to be talking about the property market. I am not sure why, because when I set up Coverpoint, it was to help companies who did not DO food, but who NEEDED it as part of their guest offer. Airports, railway stations, shopping centers, museums, galleries, and historic palaces – we have worked in them all.

IN THE LAND OF MILK AND HONEY

Historically the people of Belarus went to Vilnius, Warsaw, or Moscow to buy brands that they could not get at home. This trend is beginning to change as more and more international brands seek space in the country’s new shopping centers.

THE SHOPPING EXPERIENCE IN 2014

A recent study by CBRE finds that consumers want convenience and a social experience when choosing where to shop.

SHOPPING IN KL

Kuala Lumpur, the capital of the former “Asian Tiger” Malaysia, has seen better days from an economic perspective.

UNPRECEDENTED TIMES FROM AN INVESTOR APPETITE PERSPECTIVE

The Savills’ “UK Shopping Center and High Street Bulletin, Q4/2014” notes intense activity in the country’s market with increased investor activities and demand for the sector. This trend is expected to continue into the medium term.

ORION SELLS PLENILUNIO FOR €375 MILLION

Investment Fund Orion Capital Managers have agreed to sell Plenilunio, one the major prime shopping centers in Madrid, to French Company Klépierre. Opened in 2006, the mall is strategi-cally located in the east of the city with no competition.

OUTLET SHOPPING: ARE YOU IN OR OUT?

A new breed of outlet shopping malls is emerging. Outlets that no longer sit on the periphery of city life but exist at the heart of an urban development complementing retail parks, shopping centers, and high streets alike. For example the London Designer Outlet.

“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.

SHOPPING CENTERS IN EUROPE – 50 YEARS OF CHANGE?

Shopping malls – in the form of bazaars or antique market halls – have been around for almost 2,000 years. It took until 1956, however, for the first “modern” integrated shopping mall (under one roof) to be opened – the Southdale Center in Minneapolis (USA).

HARNESSING THE POWER OF FOOD

First of all, I would like to take the opportunity to mark the occasion of Coverpoint’s purchase by JLL in November 2014. For the first time in 21 years, I will have a “boss” and while it is still very fresh, the whole team is having fun and looking forward to the future.

NEW LOOK UNDER THE SIGN OF COLOR AND WATER

The Italian company Cogest Retail manages Tower Center Rijeka in Croatia. In an interview with ACROSS, CEO Carmen Chieregato talks about the daily business and tells us about the upcoming refurbishment.

CREATING DESTINATIONS IN SHOPPING PLACES

As the year 2014 draws to a close, we have seen an unprecedented number of new foodservice locations opening in existing shopping centers. Some of these have taken existing spaces already used for food and beverage and refurbished it significantly, while other projects have taken released retail space and converted its use to foodservice to improve the guest experience.

OPENED NOVEMBER 28

With 230,000 sq m of GLA, Avia Park in Moscow is one of the largest shopping centers in Europe. AMMA Development is responsible for the project.

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.

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.

HOW SHOPPING CENTRES ARE ADAPTING TO CHANGE

Despite an upturn in the UK shopping center market, few UK towns still warrant retail investment and landlords are looking to refurbishment to drive value. With core retailers still focused on larger hubs, secondtier assets need to ensure they are not left behind.

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Across the globe, developers and architects are reimagining what it means to create “retail space.” The projects featured in this special edition, selected by leading industry experts, represent more than just successful developments; they are blueprints for the future of how we live, shop, and connect.
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