Search Results for: retail events – Page 21

Once again, real estate developments will be presented and advertised in Cannes this year. Many of them will feature retail space. Here is an overview of this year’s event.

The £72 million retail and leisure development at intu Lakeside, which opens later this year, will introduce new restaurants and leisure brands to the south east of England; boosting the local economy with hundreds of new jobs across the leisure and hospitality sectors.

The modern mall has changed beyond all recognition – and necessarily so. Physical malls increasingly reflect the evolving needs of consumers and the accelerating pace of contemporary life. What was fast has become faster. At every turn, technology plays a role. The retail industry has unlocked online sales channels, which complement a brick-and-mortar approach, rather than simply competing with physical stores.

Outlet centers have proved to be one of the most successful businesses in the retail market.

From the outbreak of the financial crisis until 2016, hardly any new shopping center openings occurred in Spain and Portugal, reports Francisco Cavaleiro de Ferreira, Managing Director of Multi in Iberia. Now, the markets have recovered.

The retail real estate industry has faced many challenges in the decade since the crash. Most fundamental among them was a textbook case of falling demand facing rising supply.

… innovative retail real estate projects and refurbishments are unveiled at Mapic in Cannes. These are just a few examples.

Not every development is successful in the booming outlet center market. This is particularly true if the projects were not developed by one of the Big 3 in the outlet center industry. The necessary outlet-specific expertise is underestimated by many developers who are attracted by and wish to benefit from the theoretically high leasing levels in the outlet asset class.

A change in ownership has taken place at the mall in Zagreb, Croatia. Denis Cupic, Head of Asset Management, comments on the background as well as the effects on tenants and customers.

The acquisition of Westfield by Unibail-Rodamco also offers new opportunities for 26 shopping centers in the German portfolio. Tenants as well as customers should benefit.

Holistic consulting and servicing of retail real estate is becoming increasingly important in the industry. The Austrian Centerprise Group has dedicated itself precisely to this purpose, even beyond national borders.

The basic concept of shopping will not significantly change, forecasts Silvio Kirchmair, CEO of umdasch The Store Makers. However, he does anticipate legal intervention. Google, Facebook, and Amazon will all be required to pay their financial obligations to the State.

Over the last few years, the term Pop-up has become an overused retail and real estate buzzword. Nearly everyone who deals with commercial real estate and retail has come across these kinds of stores, but only few of them have a deep understanding of exactly how they can prove beneficial to both sides – the landlord’s and the tenant’s – and how they should be used and implemented in a shopping-center environment.