ACROSS | The European Retail Real Estate Magazine

Ticker

ST DAVID’S INVESTS IN A MAJOR NEW SEATING CONCEPT

Image: St David’s shopping centre

The St David’s Partnership, owners of St David’s in Cardiff, one of the UK’s premier retail and leisure destinations, has revealed an enhanced customer-seating project within the centre.

Over the last 12 months, thousands of shoppers were invited to tell St David’s what is important to them when they visit through a ‘Share Your Thoughts’ survey, which revealed that many people wanted more places to sit and relax whilst visiting the centre.

In response to this insight, St David’s commissioned creative agency Carocom to deliver the new and significantly improved central spaces with seating. The concept features bespoke furniture, new planters and geometric flooring. Pontyclun-based London Sofa Company were commissioned by Carocom to provide the unique bench seating, oversized sofas and ottomans throughout the malls, incorporating the St David’s brand colour palette throughout.

Speaking on behalf of the St David’s Partnership, a joint venture between Landsec and intu, Colin Flinn, intu’s regional managing director – west, commented on the investment: “At St David’s we strive to maintain our position as one of the region’s leading shopping destinations. Regularly listening to guest feedback is paramount in sustaining an appealing retail environment and this new seating will ensure guests have welcoming areas to take a break from shopping. It is also important we support local businesses and the London Sofa Company were an ideal choice to deliver Carocom’s fantastic designs for St David’s”.

Continuing to utilise guest feedback, St David’s have future plans to implement improvements to mall navigation and signage, as well as enhancing lighting and the appearance of the Eastside mall. St David’s are consistently striving to provide an experience that meets customer satisfaction, and so continue to welcome feedback via a dedicated website.

These mall enhancements follow news of recently refurbished stores from Footasylum, Superdry and the newly-relocated Kurt Geiger within St. David’s. In addition, Stradivarius, recently opened their store on the Upper Grand Arcade.

 

Sign up for our ACROSS Newsletter. Subscribe to ACROSS Magazine.

Ticker

Czech investors changing the ownership of Forum Poprad in Slovakia

Multi Corporation and GEMO HOLDING have sold the Forum Poprad shopping centre in Poprad, Slovakia. The asset has been acquired by the real estate fund of ZFP Investments and MAT Corporation, part of the DBK group. The sellers have been advised by the real estate services provider Cushman & Wakefield. The transaction closed on December 7, 2018.

DESIGNER EXCHANGE STRUT INTO THE KING’S ROAD WITH FLAGSHIP OPENING

Sloane Stanley has announced that Designer Exchange, the luxury designer clothes and accessories retailer, has opened on the King’s Road. The 1,352 flagship store is the largest in their portfolio and the first to stock clothing and shoes.

Romania: Colosseum Mall starts construction

The construction of Colosseum Mall has begun as part of the expansion plan of Colosseum Centre. Located in district 1 of Bucharest and open since 2011, Colosseum is expanding following the last years of increased business and improved market conditions.

ECE extends pilot phase of the online product search “Digital Mall” to five centers

ECE advances the development of its centers to digital platforms: Effective today, the “Digital Mall” will be extended to five pilot centers and will thus be available at five shopping centers.

ILG acquires further part of Rathaus-Galerie Dormagen, Germany

Munich-based ILG Group has bought the remaining part of the Rathaus-Galerie in Dormagen as of December 1, 2018 from a private owner, for the open-ended special-AIF “ILG Einkaufen Deutschland I”.

Citycon sold a shopping centre in Rovaniemi, Finland

Citycon has sold shopping centre Sampokeskus in Rovaniemi, Finland to a fund managed by Trevian AIFM. The total purchase price amounts to approximately EUR 16 million, which is close to the asset’s latest IFRS fair value. The transaction was closed on 30 November 2018.