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Reopening to New Possibilities

“It is evident that digital reach for malls will be more important than ever before as the world emerges from Covid-19.”

People in move

Recruitments, promotions and appointments…

GfK study on European retail

A 2019 review and how Black Friday has become the most important annual shopping event. All that, and more, can be found in GfK’s study on key European retail indicators.

A time of regulations and restrictions

Covid-19 has presented property owners and developers with unique challenges, and for Atterbury Europe that is compounded by having operations in three different territories: Romania, Cyprus, and Serbia. Asset manager Vlad Valcea gives some insights into the Company’s strategy.

DIY is trendy: “Kreativmarkt Hamburg” opens at Quarree Wandsbek

Even though many things are changing in times of corona, the renovation of Quarree Wandsbek in Hamburg continues and even big stores with more than 800 sq m have reopened. Their product ranges already expanded, as “Kreativmarkt Hamburg” signed its new lease agreement in the middle of the crisis.

The office-ization of the high street

Has the decline in high street shopping brought about a new opportunity for flexible workspace operators to move into town centers and change the way we all work?

A campus dedicated to the shoe craft legero shoemakers outlet opened

In Feldkirchen near Graz, everything revolves around shoes with the highest wearing comfort for young and old on 1,200 square metres since mid-April. legero united opens the “shoemakers outlet” and unites its four brands legero, superfit, VIOS and Think! under one new roof.

Launch of Paris real estate week in september

Paris Real Estate Week (14 to 17 September) unveils its initial programme comprising debates, conferences, Awards and an exhibition area that will address key topics in property, city agendas, and innovation.

COVID-19: Ingka Group supports over 140,000 homeless people in 17 countries

Over the last two months, IKEA Retail (Ingka Group) has supported over 140,000 homeless people in 17 countries by donating nearly 130,000 products such as complete bedroom and living rooms solutions, food, plastic bags, bins and spray bottles, to help them cope with the unprecedented coronavirus pandemic.

Deniz mall opens to the public in Baku

Deniz Mall, the much-anticipated new retail, leisure and entertainment redevelopment concept for the former Baku Entertainment Centre, has soft opened to the public in central Baku, Azerbaijan.

Estonia’s largest shopping center Ülemiste expects stability by autumn

Covid-19 led to mobility restrictions throughout Europe, and the range of measures included the closing of shopping centers. In Estonia, where malls were closed for one and a half months, they have been reopened and visitor numbers are good, but it will take another three or four months to return to the former level, believes Guido Pärnits, CEO of the Ülemiste, the largest shopping center in Estonia.

SPECIAL ISSUE “THE LONG WAY BACK” – FREE DOWNLOAD

Around two and a half months after the shutdown, the Covid-19 crisis still keeps the retail real estate and placemaking industry well and truly on its toes. Even though stores and marketplaces in many European countries have mostly reopened, dramatic declines in frequencies and revenues remain more of a rule instead of an exception.

Creating magnetic customer appeal and next-generation anchors

In recent years, F&B has been hailed as the retail-centric development equivalent of a knight in shining armor; an offer that cannot be replicated online, that delivers customers an experience worth seeking-out and returning to time and again. The onset and impact of Covid-19 highlights the importance of a successful F&B strategy and the development of appealing F&B destinations that respond to how the customer of the future will shop day and night, and how mixed-use places are stitched together.

IMMOFINANZ with strong 18% increase in results of operations in Q1 2020, negative valuation results due to Covid-19

IMMOFINANZ started the first quarter of the 2020 financial year with strong operational performance: Rental income rose by 13.4% to EUR 74.0 million, above all due to the expansion of the portfolio through acquisitions and completions as well as growth of 1.9% in like-for-like rental income. The results of asset management increased by 18.1% to EUR 59.5 million, and the results of operations were 18.0% higher at EUR 43.5 million. However, the revaluation results of EUR -45.0 million from standing investments and goodwill reflect the adverse effects of the Covid-19 pandemic. Net profit for Q1 2020 was therefore negative at EUR -37.6 million.

Designer Outlets Wolfsburg with new shops

Designer Outlets Wolfsburg has reopened, presenting interesting new openings with Sunglass Hut and Petrol Industries. Many other stores have also been refurbished and modernized.

Construction of Flair Galerie well under way in Fürth, Germany

Chapman Taylor was appointed by P&P Group to develop a new concept for the 22,000 m2 refurbishment and extension of the old “City Center” shopping centre. With the closure of the old shopping centre in 2017, the outdated 1980s building is now being completely modernised, to be reopened in 2021 as FLAIR Galerie.

More courage, more creativity

Corona is rapidly changing the world of retail. Shopping centers also experience these changes. Operators and tenants are facing far-reaching changes. Especially the severely affected fashion industry will accelerate these changes.