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Search Results for: retail project – Page 7

This online event format was held for the third time this year. Three top-class panelists outlined the industry’s developments that were accelerated by Covid-19. A big and prominent expert-audience followed the discussion.

Dynamic development of the new Acteeum and Leroy Merlin project – the largest shopping complex in the Koszalin region – attracts well-known brands. Among them the most notable will be Leroy Merlin, Lidl, Agata Meble and LPP group stores – House, Cropp and Sinsay. The growing group of tenants expands hand in hand with the rapid progress of works aimed at commencing the construction of the project, which is expected in the second half of this year.

With the much-anticipated reopening of non-essential shops finally here, businesses will be welcoming locals back into their stores. For one street in Poole, the 2021 easing of lockdown is particularly exciting: Poole’s Kingland Crescent has been completely revamped as part of LGIM Real Assets strategy to re-invent and re-position their retail places.

Warburg-HIH Invest Real Estate (Warburg-HIH Invest) has acquired Bernstein-Center, a mixed-use, non-discretionary retail quarter in the Bavarian town of Nittendorf. Located at Brunnenstrasse 1-3, the newly built quarter features a gross lettable area of around 6,500 square metres, as well as 48 underground car park spaces and some 110 outdoor parking spaces.

Retail parks have been the best performing and most resilient retail format in Belgium prior to and throughout the Covid-19 pandemic, resulting in a slight compression in yields by 25bps since the beginning of the year according to new research by CBRE commissioned by Mitiska REIM.

Cano, GERMANY +++ Galerija Belgrade, SERBIA +++ Galeria Andrychów, POLAND +++ Prishtina Mall, KOSOVO +++ Drehscheibe, GERMANY +++ Novum Presov, SLOVAKIA +++ Mesto Vstrechi, RUSSIA +++ AFI Brasov, ROMANIA +++ Center Alt-Erlaa, AUSTRIA +++ Plärrermarkt, GERMANY

The new FC Bayern World opened on December 10, 2020 in the heart of Munich. The retail space was designed and the construction work was implemented by umdasch The Store Makers. The store plays in the retail-champions league across a total area of over 1,000 sq m.

Previous year successes of Acteeum – i.e. the opening of Galeria Chełm and starting construction of Galeria Andrychów in the Power Center format, show that despite challenges related to the coronavirus epidemic, the market welcomes new, well-thought-through projects in good locations. Acteeum is consistently expanding its portfolio throughout Poland preparing the new project – Ostróda Power Center.

“In our survey, many of our visitors told us that they would like to continue to see features that minimize the spread of infections, such as touch-free shopping, and that will be at the forefront of our minds as we upgrade our centers and embark on new projects.”

In Poland, 2020, a turbulent year, has brought about many changes in the retail market. The unexpected occurrence of the pandemic has complicated the situation for both contractors and tenants. However, Covid-19 has not so much initiated new trends as it has dynamized the existing ones. It is not only about the growing importance of the omnichannel approach, especially with regard to e-commerce; the increasing share of retail parks and convenience centers in retail sales also ranks as one of the key trends. As research has shown, smaller-scale commercial formats have been most successful in dealing with the challenges brought about by the pandemic.