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ACROSS

Search Results for: retail real estate development – Page 9

Trei Increased Development Volume in 2020 by One Third up to 1.2 Billion Euros

Trei Real Estate GmbH expanded its business even in 2020, the year of the pandemic. The development portfolio grew by 33 percent to 1.2 billion euros (2019: 900 million euros). The sum total breaks down into 1.0 billion euros in residential real estate and c. 200 million in retail real estate. The proprietary portfolio of Trei maintained its total of c. 1.2 billion euro. It includes 349 assets.

A closer look at Belgian retail parks

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 sets up open-end special AIF “Stadtquartiere I”, the first of its kind in Germany for institutional investors

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.

A Time of Retail Parks and Convenience Centers

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.

Five propositions regarding the potential of sustainable retail Parks in Germany

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*.

The winners of the 11th edition of PRCH Retail Awards!

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.

Footfall-Anchors Post Corona – 5 Propositions for the New Future of Retail

“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 Romania launches omnichannel retail and industrial services

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.

Rethink and Reshape Retail Space

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.

Shaping the Future of Retail

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.

Becken founds retail subsidiary and appoints Marcus Neumann as managing director

The real estate company Becken, a specialist in the development and realisation as well as long-term asset and investment management of commercial and residential properties, is founding the new division Becken Retail and appointing the retail expert Marcus Neumann (51) as Managing Director of Becken Retail GmbH.

Post-pandemic Retail

The new, close relationship with customers. These are the strategies that retailers and operators apply to prepare for life after the crisis.