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M1 EPP

Poland provides a dynamic retail environment

Union Investment’s new “Global Retail Attractiveness Index“ (GRAI), which analyzes the environments for retail investments in 17 countries around the world, recently showed that Poland is one of the most dynamic European markets. The latest data confirms this assessment.

Prado

Projects & Openings Europe

FRANCE: The new Prado opened in Marseille –
UNITED KINGDOM: Axiom shopping and entertainment development in West Yorkshire –
BELGIUM: Les Bastions in Tournai opened its doors to the public. –
GERMANY: Hansa Center –
POLAND: Janki –
AUSTRIA: Murpark –
SERBIA: Stop Shop Požarevac and Vršac –
UKRAINE Rive Gauche.

Dirk K. Wollweber is in-house lawyer and managing partner at TREC Real Estate Consulting GmbH in Düsseldorf, Germany

From retail to hotel real estate

New perspectives regarding conversion and development potential are opening up for inner-city retail shops and department stores.

With a sales space of around 78,000 sq m, the Shoppi Tivoli in Spreitenbach is the largest shopping center in Switzerland Shoppi Tivoli

Switzerland: Revitalization boom approaching

According to the current “Shopping Centre Market Report Switzerland 2018”, the country’s malls have an average age of 30. A number of refurbishments are pending. But that alone will not be sufficient for future market success.

Development Slows, but Pipeline Remains Strong

The latest European Shopping Centers report by Cushman & Wakefield shows that shopping center development activity in the first half of 2017 increased total floor space across Europe to 160.8 million sq m at the midpoint of the year.

Size Does Matter

The drafters of the Savills Global Luxury Retail Report have discovered that luxury retailers are currently focusing on top locations.

Polarisation and volatility in cities and high-streets demand us to be specialists

Relentless cost cutting and highly flexible supply chains, sensitive to every change in the whims of consumer taste, are the stock in trade of today’s successful value fashion retailer on the unforgiving battlefield of Europe’s High Streets. At the other end of the spectrum, luxury brands deliver experiences that are more akin to theatre and TV commercials than the stores of times past.

Non-Retail Tenants as Turbo

A report from the Urban Land Institute (ULI) and JLL finds that non-retail tenants – including F&B, leisure, and community amenities – have led to 28% estimated rental value growth, a 7.24% increase in footfall, and a 1% decrease in vacancy rates across 12 European malls in the past 12 months.

EAT THE MALL

Dining, enjoying, relaxing, and shopping. Center operators are completely revamping their menus.

THE “FULL SERVICE” CIRCLE…

Most people who have worked in the hospitality industry understand the “full service” circle. This describes how we have to work hard for our guests to provide them with exactly what they want, whether in a restaurant, bar, or hotel, by working as a team.