Advertisement

Search Results for: shopping center – Page 42

“Creating great places is a balancing act between art and science,” states William Kistler, Founder and Managing Partner at urbanOvation. urbanOvation is a platform community created to foster better collaboration among all built environment stakeholders. In this article he argues that easy to measure, quantitative KPI metrics distract from the equally important qualitative ‘art’ that is essential to great placemaking.

“What a ‘better everyday life’ means in terms of shopping center experiences has significantly changed over the last 15 years, states Vasco Santos, Global Sales & Leasing Director at Ingka Centres. As a result, the key performance metrics for such spaces have also evolved,” he explains. We might take the same numbers into consideration, but the way in which these numbers should be interpreted is new.

Eurovea will soon become Slovakia’s largest and widest-ranging shopping center, with 320 shops, restaurants, bars, and cafes covering 85,000 sq m. Work is well advanced on the center and surrounding area to complete construction, approvals, and preparations for the grand May opening.

“We have learned to be very proactive and responsive to rapid change,” states Maxence Liagre. The CEO of MPC Properties, along with other employees from various departments, reflects on the past 15 years, the challenges facing the SEE market, and what the next decade has in store.

Rüdiger Dany, CEO of NEPI Rockcastle, believes that one of the biggest mistakes made in the last 15 years was not being able to seize and take advantage of opportunities during a crisis or difficult situation. He has worked in very different markets, with different stories and problems, but his general takeaway is clear: The investments and development plans of a company should never be stopped unless it is absolutely necessary.

Steffen Hofmann is a Managing Partner at ambas. Having worked in eight European markets, he has a deep understanding of the mechanisms of international investment markets. On the occasion of the 15th anniversary of ACROSS, he discusses the historic evolution of the retail real estate industry from the perspective of the financial market.

Few changes have been as noticeable in business and society as the technological developments of the last 15 years. New platforms and digital ecosystems have opened up huge new global opportunities. Within the shopping center industry, a whole new segment has emerged: The Proptech sector. Peter Tonstad, CEO of Placewise, looks back, explains the most important developments, and reveals the biggest challenges facing retail real estate.

For the past 15 years, we have lived in a V.U.C.A. world, one of vulnerability, uncertainty, complexity and ambiguity. In order to be successful in the future, we need to look at places not through the lens of real estate, but through the lens of content, argues Ibrahim Ibrahim, Managing Director of Portland Design.

Exciting news for Hanau’s city center: Sports retailer INTERSPORT Voswinkel will be opening a new store in the Forum Hanau shopping center. It will occupy an area of approximately 1,200 sq m on the first floor, with the opening planned for this fall.

At its conclusion, the 21st edition of the trade fair shows just how much the retail landscape has changed: omnichannel and e-commerce have been significantly expanded. Heidemarie Kriz went in search of the most promising innovations for ACROSS. Read the third part of her fair report.

After the considerable efforts that the shopping center has made in recent years, Docks Bruxsel has received the CO2 neutrality certificate. The shopping center is continuing this journey with the ambition to further reduce its emissions.

How would one summarize the last 15 years in retail real estate? Gregory Fonseca, Director of Architecture BDP, expresses it in one word: disruptive. He takes us on an instructive journey through 15 years of retail and retail architecture.

Unibail-Rodamco-Westfield currently operates 23 centers in the Germany and Austria region: 21 in Germany, eight of them in the Group’s own portfolio, and two in Austria. A total of 732 leases were concluded for these 23 centers last year. In addition, the mixed-use project Westfield Hamburg-Überseequartier, which is being developed by URW in Hamburg’s HafenCity until spring 2024, also experienced a lot of activity in 2022. The pre-letting rate for the retail, dining, and leisure sectors is now 73 percent.

When he founded ACROSS in 2008, Reinhard Winiwarter said, “I love retail.” That same phrase now serves as his motivation in 2023. In his personal review of the past 15 years, the founder of, editor of, and provider of ideas for ACROSS emphasizes how important it is to orient oneself towards forward-looking topics in the dynamic retail real estate world. However, the key factor that determines one’s own success and that of the industry is passion for the industry.

When it comes to shaping the future in a positive way, it is impossible to overstate the influence retailers can have. Retail and shopping centers should become much stronger communicators of a positive consumer vision, especially with regard to sustainability, says Andreas Steinle, CEO and founder of Zukunftsinstitut Workshop. The crisis year of 2023 must be a year in which retailers recapitulate their understanding of their role.