Digital Construction Week (DCW) – the UK’s leading event for innovation and technology in the built environment – has announced its programme for the upcoming show at ExCeL London on 5-6 June.
NEPI Rockcastle achieved a 12.7% uplift in net operating income (NOI) to 135 million euros in the first quarter (Q1) of 2024 versus Q1 2023. On a like-for-like (LFL) basis NOI was up 9.4%. This solid growth was driven by higher base rents and tenant turnover as well as tight management of operating costs across its retail property portfolio, the largest in Central and Eastern Europe, reveals NEPI Rockcastle in its latest Q1 2024 business update.
The gateway to Bratislava’s rapidly expanding downtown has seen outstanding levels of interest: 135 of the 650 residences have already been sold in the pre-sale phase. JTRE’s new Downtown Yards project aims to combine the city’s contemporary cosmopolitan atmosphere with the Nivy area’s tranquil atmosphere. This modern mixed-use ‘sustainable city’ neighbourhood is under construction, and great initial market launch prices for new homes are available right now.
The first conference of MPC Properties, “MPC Echo,” was held at the Sava Center, focusing on great ideas and innovative business practices in the real estate industry and sustainable business operations.
The 2024 ACROSS Study Tour took us to the traditional home of Retail: Istanbul. The three-day trip welcomed more than 20 participants with the aim of learning about the Turkish way of doing retail and developing state of the art shopping centers.
Kaufland operates more than 1,500 large supermarkets in eight European countries. Whether in Poland, Romania, the Czech Republic, Slovakia, Bulgaria, Croatia, the Republic of Moldova or Germany – the stores have not only impressed customers, but also the real estate industry time and time again. At the 19th SEE Real Estate Awards in Bucharest, Kaufland was also recognized for its successful work and ongoing European expansion.
The deal between the insolvent Signa Prime and the Thai Central Group was sealed this week, according to informations obtained by “profil”. The transaction volume is expected to be over 1.2 billion euros.
Contrary to what was announced in October 2023, the French luxury department store Galeries Lafayette will now close its only location in Germany earlier, at the end of July 2024.
“In reading up for this commentary on outlet malls, I was surprised to learn that the concept has been around for a surprisingly long time, especially in the US”, states Susan Hagerty Bonsak, CEO of Placewise.
VIA Outlets is investing 30 million Euros to further expand northern Portugal’s only premium fashion outlet, Vila do Conde Porto, by over 25% in response to strong growth in brand sales and rising numbers of visitors in one of the country’s most dynamic economic regions.
Social and geopolitical developments have dominated the placemaking industry in recent years. During these challenging times, important issues, such as location marketing, have been overshadowed by others – and not just in the media. While this may seem understandable at first glance, it has now become clear that companies that have continuously focused on the issues of market positioning and professional location marketing are more fit for the future. ACROSS spoke with Sebastian Guth, Managing Director of 21Media, about what good location campaigns look like, the differences between B2B and B2C campaigns, and why operators who fail to focus on marketing will lose out in the medium term.
The opening of the 1,860 sq m space on the first floor is planned for mid-2025. The shopping centre is part of the portfolio of Union Investment’s UniImmo.
As part of the insolvency proceedings of the partially Signa-owned Mariahilfer Straße 10-18 Immobilien GmbH, the property owned by the project company at Mariahilfer Straße 10-18, 1070 Vienna, is now being sold by the insolvency administrator, lawyer Clemens Richter.
“There is a unique opportunity for those who stand out, pioneer innovative concepts and set trends,” states Romina Jenei, CEO of RegioPlan Consulting, in the latest “Industry Outlook 2024”.
In historical comparison, 2024 may be another relatively quiet year for transactions, says Steffen Hofmann, Managing Partner at ambas. However, the prospect of more moderate interest rates means that a number of players are taking a much more positive view of the future. It will also be a year of clarity: Motivated sellers will place highly interesting properties on the market and apply a deal-oriented negotiation approach. For investors, the entry price is not the only thing that matters – the ability to invest in sustainable properties does as well.
ambas Real Estate GmbH is celebrating its tenth anniversary on March 1, 2024. Since launching its market activities in 2014, the Mainz-based company has developed into an internationally active market player in the retail and mixed-use real estate sector as an independent consulting boutique. “We are delighted with the great projects that we have been able to successfully complete during this time and the trusting business partnerships that we can continue to rely on in the future!” says Managing Partner Klaus Mennickheim.
It is time to reveal the secret of success in retail real estate, or rather to remind those who may have forgotten it, says Klaus Striebich, Managing Director of RaRE Advise and Head of the ACROSS Advisory Board. As in many other areas, we sometimes lose the right focus or simply have a different perspective as we become more and more specialized or individualized in our daily work. Let’s hit the reset button!
In historical comparison, 2024 may be another relatively quiet year for transactions, says Steffen Hofmann, Managing Partner at ambas. However, the prospect of more moderate interest rates means that a number of players are taking a much more positive view of the future. It will also be a year of clarity: Motivated sellers will place highly interesting properties on the market and apply a deal-oriented negotiation approach. For investors, the entry price is not the only thing that matters – the ability to invest in sustainable properties does as well.
Subject to the approval of the Federal Financial Supervisory Authority (BaFin), Gerald Kremer has been appointed as a new member of the Management Board of Union Investment Real Estate GmbH with effect from 1 April 2024.
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