We did find the following entries for: retail real estate development
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.
CORESTATE has set up Stadtquartiere I, a new open-end special AIF. This fund is the first of its kind in Germany for institutional investors and thus a pioneer in the promising city quarter asset class. Corestate is aiming to achieve a target volume of around € 500 million. Hannover Leasing, an in-house investment management company, is responsible for managing the fund.
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.
Stenprop, represented by Montano Asset Management (Montano), is selling the Hermannquartier inner-city retail warehouse centre in Berlin-Neukölln to an ILG Capital institutional fund.
Retail parks and hybrids have weathered the storm of the crisis relatively well due to their high proportion of local supply. Nevertheless, in the vortex of the coronavirus crisis, the issue of sustainability seems to have fallen by the wayside in many cases. That picture, however, is deceptive. The necessary (re)alignment of retail parks and other agglomerated retail real estate properties makes it necessary for ESG criteria (environment, social, governance) to be taken into account. The following “Top 5 Lessons Learned” were taken from a recent publication on retail parks in Germany*.
CBRE announced three promotions in the Retail Agency department.
The €110 million development, which creates approximately 600 direct jobs, is the first outlet centre in Greater Amsterdam. It opens with around 75% occupancy and a curated mix of brands, some of them debuting for the first time in the Dutch outlet market.
JYSK, a global retail chain from Denmark offering a full range of household goods, has expanded its sales area by 30% at the Eden Retail Park in Zgorzelec, Poland.
On Thursday, 5 November 2020, the Polish Council of Shopping Centres (PRCH) announced the winners of the 11th edition of the competition. Among the awarded projects, there were those of companies such as: EPP, eobuwie.pl, Cromwell Property Group or Play. This year, a special prize was also awarded to the representatives of APSYS Poland.
Fabrice Bansay (Apsys), Joanna Fisher (ECE), Roberto Zoia (CNCC Italy), Sébastien Vanhoove (Carmila), Matthijs Storm (Wereldhave), Winston Fisher (Area15), Ian Sandford (Eurofund Group) and many more will speak at MAPIC Digital.
“Covid-19 is the biggest challenge of our time and it affects the retail sector as well as the retail real estate market. With the study Footfall Anchors Post Corona–5 Propositions for the New Future of Retail, we discuss the current situation for retailers, investors, project developers, and municipalities on a broad scale. In collaboration with renowned experts we discuss the new future of retail, the real estate industry, and subsegments of the retail real estate sector. The result is a comprehensive documentation of the status quo regarding the situation of retail asset class.” - Angelus Bernreuther, Head of Investor Relationship Management at Kaufland Germany.
CBRE launches a range of omnichannel services in Romania, for retailers who want a quick adjustment to the new market context by expanding industrial spaces. Omnichannel services have already been present for three years in the global CBRE network, mostly in the United States and the United Kingdom, and the Covid-19 pandemic has accelerated the synergy between retail and industrial worldwide.
CBRE, the world’ leading commercial real estate company, appointed Tomáš Míček (39) the Head of the Retail Sector effective from October 1, 2020.
Multi is currently carrying out several refurbishment projects within its portfolio, all of which center around the creation of spaces that are integral parts of their respective communities.
The biggest event for the commercial real estate industry in Poland starts on November 5. The 11th edition of the independent, expert contest of the Polish Council of Shopping Centres will be topped with the final Gala, during which the winners will be announced. The best projects from over a hundred submitted applications will be awarded during the event.
Karl Lagerfeld, S. Oliver, Petrol Industries, Dstrezzed, Geox and Skechers will join the outlet centre’s exclusive commercial mix.
Represents sector that designs, creates, funds, develops, builds and manages places anchored by retail across Europe.
Daniel Losantos has been the CEO of NEINVER for roughly five years. In an interview with ACROSS, he discusses the events of the last few months, the expected market consolidation, and the advancements of Amsterdam The Style Outlets.
MAPIC Russia 2020 is a long-awaited offline event for the retail real estate market, which gathered industry professionals and experts in Moscow on September 16-18, 2020.
ACROSS interviews Constantin Wiesmann, Director of Leasing, and Anna Laura Riemann, Senior Leasing Manager, responsible for Westfield Hamburg-Überseequartier, of Unibail-Rodamco-Westfield (URW) in Germany. They talk about current challenges in retail, omnichannel models, the future of the industry, and the Group’s key project, Westfield Hamburg-Überseequartier.