Search Results for: retail report – Page 20

Recruitments, promotions and appointments…

Hammerson plc announces the appointment of Connor Owens as its new Director of Ireland. Connor will head up Hammerson’s Irish business, and lead the operation across its high quality portfolio, which includes Dundrum Town Centre, the ILAC Centre, and Swords Pavilions.

Mediation is a highly informal method of resolving business disputes, which is several times cheaper than court proceedings or arbitration proceedings. Could it provide an ideal manner in which to resolve such disputes during the coronavirus crisis?

Modern retail stock in Romania will exceed the 4 million sq m threshold by the end of the year. Several openings were postponed due to Covid-19.

Almost 90,000 sq m of new retail space was delivered to Polish market in the second quarter of 2020. Footfall amounted to approximately 80% of last year’s due to the pandemic.

Recruitments, promotions and appointments…

Icon Outlet has revealed its performance figures for the 12-week period post-lockdown, with sales increasing by 30% between the first week and the 12th. Sales have trended from approximately 65% of previous year like-for-like at reopening to around 95% like for like in weeks 11-12. Icon Outlet’s weekly footfall has also doubled since reopening and now stands at 75% of prior year footfall. The latter compares to an average footfall of 59% of pre-Covid levels for the average London High Street according to Springboard*.

Despite the pandemic and nearly two months of lockdown, Westgate Shopping City has continued to open new stores and attract visitors. The shopping center in Zagreb is prepared to face the realities of the near future, which are sure to be challenging.

The Supervisory Board of Vastned, the listed European retail property company focusing on ‘venues for premium shopping’, announces that it has reached the conclusion, jointly with CEO Taco de Groot, that Mr De Groot will step down as CEO as of 1 December 2020.

Recruitments, promotions and appointments…

Leading management and technology specialist for parking and visitor insight, GroupNexus, has identified that during the first week in July, motorway service station visits have now surpassed pre lockdown figures from the same period four months ago, showing an increase of 4.46%, whilst dwell time has decreased by 14% to 30mins, compared to pre-pandemic. [1]

“Now, ULI Europe’s latest report, ‘Reshaping Retail–Accelerating Change’, forecasts that the impact of Covid-19 will accelerate the restructuring of the retail property sector, even more so in the United Kingdom.”

Trei Real Estate GmbH (Trei), a developer and asset holder for residential and retail real estate with activities across Europe, just opened the 17th retail park of its Vendo Park brand in Poland. The retail park is located in the city of Płock in the Masovian voivodeship.