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Search Results for: property – Page 5

NEW H-OUR STORE APP BUSINESS MODEL TRANSFORMS SHOPPING CENTER LEASE MARKET

Making good and sensible use of existing space and offering innovative concepts a chance in an effort to attract customers – that is a challenge for every shopping center. METRO PROPERTIES has developed h-our Store: Through the completion of minimal formalities, all online, new tenants have the opportunity to present their offerings at well-established and renowned locations in the region’s commercial landscape.

Klaus Striebich is the Managing Director of RaRE Advise, and the Head of the ACROSS Advisory Board. /// credit: Klaus Striebich

“Top Secret: … the Cycle of Success in the Real Estate Industry.”

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!

Forum Schwanthalerhöhe (left), Forum Hanau (right) /// credit: HBB

Sustainable Reorientation of Shopping Centers

Online retail continues to change the shopping landscape, and people have adapted their leisure behavior as a result of the pandemic. Consequently, the role of shopping centers needs to be rethought. Shopping centers are no longer straightforward “shopping machines”, but must prove themselves as sustainable and versatile community centers, argues HBB.

ACROSS Outlook 2024 (left), Christine Hager (right) /// credit: ACROSS, Bernhard Claßen for GCSP

OUTLOOK 2024: “Recognize The Importance Of Customer Orientation”

“Investors are increasingly following high-quality, sustainable, and innovative assets that can provide unique and modern customer experiences,” states Christine Hager, Director of Property Management for Sonae Sierra in Germany, in the latest “Industry Outlook 2024”.

Ben Chesser, CEO and Founder of Coniq (left), David Fuller-Watts, CEO of Mallcom (right) /// credit: Coniq, Mallcomm

WHY DIGITAL PLATFORMS ARE NO LONGER A NICE TO HAVE

In an age where businesses and consumers get bombarded with digital communications, relevant information must get to people at the right time. Any mall business that sends generic messages to its tenants or shoppers will quickly lose their interest. Digital platforms are fundamental to improving the performance of shopping malls and their tenants.

credit: Signa Group

Chronology – The Collapse Of The Signa Empire

Signa Group has become the largest insolvency case in Austria’s history, and also one of the biggest in Europe. In the following, we present a detailed chronology of Signa´s collapse.

Union Investment bundles digital business for the real estate sector in-house

Due to the current market environment, Union Investment intends to focus even more strongly on its core business. For this reason, Union Investment has decided to discontinue the digital ecosystem based on the “Run this place” app at the end of the almost three-year pilot phase and to dissolve the technology spin-off Union Investment Real Estate Digital GmbH at the end of April 2024. The digital expertise for the real estate sector will be pooled internally.

Credit: MULTI Germany

Multi Germany: “Small but Big”

“Multi Germany feels small and agile, but it enjoys all the advantages of a large group,” says Jörg-Michael Zimmermann. In Zimmermann, Multi has hired a new Head of Germany who, as a result of his mix of experience can take a 360-degree view of retail real estate. His motto is: “There are neither good nor bad locations. Every asset has specific challenges for which individual solutions need to be found.”

back from left to right: Anna-Katharina Skrzipek, Senior Asset Manager, URW / Simon Splittgerber, Asset Management Retail Deutschland, Union Investment front from left to right: Olaf Ley, Director of Investment Austria & Germany, URW / Andreas Hohlmann, Managing Director Austria & Germany, URW / Ralf Schaffuss, Leiter Asset Management Retail Deutschland, Union Investment / Lars Richter, Head of Asset Management Retail, Union Investment // credit: Union Investment

Union Investment and Unibail-Rodamco-Westfield extend long-term management contracts for three major retail real estate assets in Germany

Unibail-Rodamco-Westfield (URW) and Union Investment have maintained a very successful partnership for many years in relation to Köln Arcaden, Riem Arcaden in Munich and Spandau Arcaden in Berlin, which are among the leading retail properties in the sector. With the management contracts, which have now been extended ahead of schedule on a long-term basis, the two companies are once again confirming their cooperation and creating a long-term joint perspective for the three top assets. In future, the focus will be on further optimising the tenant structure in line with the major sector megatrends as well as on mixed-use components and sustainability measures.

credit: CBRE

CBRE to manage STOP SHOP retail park portfolio in Serbia

CPI Property Group has appointed CBRE as manager of its STOP SHOP retail park portfolio in Serbia, which comprises 14 retail parks in 14 cities and more than 120,000 sq m of leasable area. CBRE will provide integrated asset management solutions, including financial and property accounting services, leasing services, and will oversee all operational aspects of the property and tenants.

credit: Placewise

Centers and their tenants need a joint focus on the end user!

Susan Hagerty Bonsak is the new CEO of Placewise and, in this role, one of the recent members of the ACROSS Advisory Board. She strongly believes in footfall and the future of physical malls. In her first interview with ACROSS, she shares her view on the European shopping center industry, the importance of data connected with technology, and why a collaborative focus of all stakeholders is so important.

credit: Trafford

TRAFFORD PALAZZO CELEBRATES LANDMARK 2023 WITH NEARLY 5600 SQ M

Peel is celebrating a milestone year for Trafford Palazzo, the UK’s first next-generation experience centre. With nearly 5600 sq m of new deals secured in 2023, investment into TP Glow – Trafford Palazzo’s dedicated white box promotional space – and exciting developments adjacent to the centre, the destination has grown its footfall by 7% in the year.

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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