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IMMOFINANZ: Strong growth to approximately 170 locations with high-yield retail portfolio

IMMOFINANZ has expanded its high-yield and fully rented retail portfolio in the 2022 financial year. As a result of acquisitions and completions, the portfolio has grown from 111 to 169 locations in ten European countries over the course of the year, with a carrying amount of approximately EUR 2.3 billion (excluding S IMMO). Rentable space increased by nearly 30% to approximately 1.36 million sq m.

Credit: Trei Real Estate

TREI OPENS 32. VENDO PARK IN POLAND

Trei Real Estate GmbH just opened another retail park of its Vendo Park brand in Poland. It is located in Mielec, a small town of around 61,000 residents in the Podkarpackie or Subcarpathian voivodeship in south-eastern Poland.

Credit: ESTAMA UK

ESTAMA UK EXPANDS LONDON-BASED TEAM WITH NEW HIRE

Commercial property and asset management specialist, ESTAMA UK, has appointed Jackson Molyneaux as the new Leasing Administrator for the agency, helping to support its property management team as it continues to experience an extended period of growth throughout 2022.

credit: Fairmoney

„Mr. Cost Transparency“

„Cost efficiency and transparency“ – according to Markus Schmut, these are the two big “drivers”, especially for the retail real estate industry in the coming year. We have spoken with Markus Schmut, the managing director of Fairmoney. Using a shopping center as an example of a case study, he shows us what is possible with efficient fixed cost management.

Credit: Grantham Designer Outlet Village

GRANTHAM DESIGNER OUTLET VILLAGE 30% LET AHEAD OF START ON SITE EARLY 2023

Rioja Estates has announced that 30 percent of the space being brought forward by the forthcoming Grantham Designer Outlet Village is now committed with 22 percent in legals. This places the East Midlands outlet center in a position ahead of the planned start on-site in the first quarter of 2023.

MAPIC Award Winners announced

Congratulations to all MAPIC Awards winners, who were honoured for their excellence, innovation, and creativity in the retail real estate sector.

Credit: SES

CHRISTOPH ANDEXLINGER BECOMES NEW CHIEF EXECUTIVE OFFICER AT SES

As of January 1, 2023, the Austrian SPAR Group will reorganize the management of its international shopping center division SES: The current COO Christoph Andexlinger will take over as CEO. He will be assisted by Johannes Köth and Alexander Eck, who have been newly appointed to the management board. All positions will thus be filled internally with long-standing managers. The previous Chairman, Johann Felser, will retire at the end of 2022.

Credit: MAPIC

MAPIC 2022 IS IN FULL SWING

The Commercial real estate industry is showing its most optimistic face. The 2022 edition of the French commercial real estate show MAPIC is focusing on the retail sector’s transformation.

Credit: Ingka Centres

INGKA CENTRES REINVENTS THE FOOD COURT RECIPE WITH SALUHALL – A SUSTAINABLE DINING CULTURE HUB INSPIRED BY PRINCIPLES OF NORDIC CUISINE

Ingka Centres, part of the Ingka Group (which includes IKEA Retail and Ingka Investments), has unveiled its new global food and beverage concept, Saluhall. Named after the Scandinavian-style ‘Market Hall’, Saluhall will reinvent the traditional shopping center food offer with a Scandinavian twist, bringing predominantly plant-based cuisine to a global audience whilst being kind to the planet. It will be Ingka Centres’ first food offer to be entirely beef-free, appealing to a global audience and reducing climate footprint.

Credit: HBB

COMMUNITY EVENTS: “IT IS ULTIMATELY ABOUT THE EMOTIONAL CONNECTION TO THE CENTER!”

The role of shopping center events has changed: So-called “community events” have become increasingly common. They often replace traditional event formats that have dominated the center event scene for many years. André Stromeyer, Managing Director at HBB, and Anita Stampfl, Special Projects Manager at HBB discuss why the situation is the way it is, where the advantages and challenges lie, and why this fact does not make center marketing any easier.

credit: Chainels

Chainels expands into travel hub sector

Chainels, the tenant experience platform, has launched in two travel hubs across Europe, leveraging its retail expertise to expand into a new sector. Utrecht train station, run by NS Stations Retailbedrijf a subsidiary of the Dutch national rail company Nederlandse Spoorwegen (NS), and Vienna International Airport will both use Chainels’ digital platform to improve communication with retailers and service providers.

Credit: Multi Corporation B.V.

MULTI CORPORATION REFURBISHES FORUM PALERMO

Multi Corporation has refurbished and extended Forum Palermo. The project included an extension of the food court, a reclassification of store space, new anchor stores and an investment in energy savings. These proactive asset management initiatives have resulted in higher rental income and sales, whilst reducing energy consumption, and driving operational efficiency.

credit: Coniq

How to Leverage Green Loyalty at Your Retail Destination

Now, more than ever, consumers want to reduce their overall expenditure, lower their consumption, and adopt sustainable practices. As a result, retail destinations must incorporate sustainability to meet growing customer expectations and nurture their customer relationships. That is why Coniq has created this list of top tips to help start any mall’s sustainability journey.