Advertisement

Search Results for: retail property – Page 13

Recruitments, promotions and appointments in the European Retail Real Estate Industry: Atrium European Real Estate, Multi Corporation, Immofinanz, HB Reavis, TriGranit, Commerz Real, BNP Paribas Real Estate, Catella, CBRE Austria, Capital & Regional, Corpus Sireo, Grosvenior, Hines, JLL Germany, Northern Horizon, Strabag PFS, Valad Europe, Echo Polska Properties, and Revo.

According to Stephan Austrup, Head of Retail in Germany at TH Real Estate, omni-channeling and digitalization are key drivers of change. In all acquisitions and in business plans for existing portfolios, he therefore considers the impact of this change on retail formats, retailers’ required floor plans, and whether the property provides the necessary layout flexibility.

From May to June 2016, facility management employees in 11 German retail parks recorded what concerns visitors, store employees, and suppliers had for them. Here are the results and the conclusions facility service supplier Wisag draws from them.

The Ringstrassen Galerien in the heart of the Austrian capital are among the country’s top retail areas. The turnover per square meter has for years been well above the average for Austrian shopping centers. Now the site has been prescribed a comprehensive facelift. The future Opera Mall Vienna (its new marketing name) will be positioned as “The Home of Affordable Luxury.”

Unsurprisingly, project development in the country has been interrupted. But in Kiev alone, about 20 malls with around 1 million sq m of GLA are currently at various stages of completion, possibly opening in 2017-2018, according to UTG.

In response to demand from investors and owners, MEC has recently started offering an energy audit product called “Easy.”

Henrike Waldburg, Head of Investment Management Shopping Center at Union Investment Real Estate GmbH, tells ACROSS about her most recent coup, the acquisition of the shopping center “Palladium” in Prague and why acquisitions are currently easy to finance.

Retail warehousing in Europe has evolved rapidly as a trading format over the last 30+ years and now accounts for a significant share of both retail floor space and sales volumes. Although retail warehouses were initially developed to service the needs of “bulky goods” retailers, the attraction to shoppers of easy access and convenient free parking soon registered with other retailer groups. Increasingly, fashion, footwear, sports, and household goods retailers have committed to out-of-town formats where planning conditions permit.