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ACROSS

Retail

credit:bree

The German brand Bree is insolvent

The first insolvency application was filed back in 2019, but this was averted thanks to the entry of Portuguese automotive supplier Coindu.

credit:Lloyd

Swiss Arklyz Group is the new owner of Lloyd

Arklyz Group AG, based in Stans, Switzerland, will strategically align the company in the wholesale and omnichannel sector in future and also drive forward its internationalization.

Credit: MULTI Germany

Multi Germany: “Small but Big”

“Multi Germany feels small and agile, but it enjoys all the advantages of a large group,” says Jörg-Michael Zimmermann. In Zimmermann, Multi has hired a new Head of Germany who, as a result of his mix of experience can take a 360-degree view of retail real estate. His motto is: “There are neither good nor bad locations. Every asset has specific challenges for which individual solutions need to be found.”

Rendering of the entrance area of the new Dreieich Nordpark. /// credit: MEC

MEC rents 172,000 sq m of total space in 2023

MEC has achieved a new rental record: The retail real estate specialist and national market leader for the operation of specialist retail centers was able to conclude over 258 new and follow-up rental agreements with a total area of 172,000 sq m in the past financial year.

Westfield-Hamburg-Überseequartier. /// credit: moka-studio, URW

Opening of Westfield Hamburg-Überseequartier on April 25, 2024: Letting rate for retail, dining and leisure area now at almost 90 percent

Unibail-Rodamco-Westfield (URW) announces the grand opening date of April 25, 2024 for the mixed-use quarter in Hamburg’s HafenCity. This will mark the peak of the project development and give the city of Hamburg a new vibrant location in the heart of HafenCity – a new piece of the city that dynamically combines all aspects of life such as living, working and leisure.

Will’s F&B Insights: The Inconvenient Truth of Customer Satisfaction and Memorable Experiences in Retail Spaces

It is a complex task to ensure project profitability. There is a struggle between doing what is right and what is reasonable. As an expert in the world F&B development Will Odwarka, founder and CEO of Dubai-based firm Heartatwork Hospitality Consulting, states in his newest column: “However, in an ever-growing and competitive landscape, it is crucial to establish distinguishing factors that are recognizable and embrace them wholeheartedly.”

credit:wormland

Wormland has filed for insolvency

The men’s fashion chain Wormland operates twelve stores throughout Germany and employs around 400 people. The process is due to be completed in summer 2024.

Sasha Silver, Head of Global Client Group at Redevco. /// credit: Redevco

Redevco Appoints Sasha Silver as Head of Global Client Group

Redevco has appointed Sasha Silver as Head of Global Client Group, where she will be responsible for the company’s client relations and capital raising. Silver will join Redevco’s executive management team and strengthen its focus on expanding the company’s client offering and strategic relationships.

credit:mango

Mango plans to open 500 stores by 2026

Mango announced its expansion plans, changes to the company’s management, but also an increase in sales of 12 percent compared to 2022 to more than three billion euros.

dr. barbara sturm 740x400

Puig acquires cosmetics brand Dr. Barbara Sturm

Puig has announced the acquisition of a majority stake in the German molecular cosmetics brand Dr. Barbara Sturm. Founder Dr. Barbara Sturm will retain a minority stake and continue to hold the position of Chief Product Development Officer.

credit:rossmann

ROSSMANN achieves record sales of 13.9 billion euros

The Group’s investment volume in the new 2024 financial year is over 65 million euros more than in the previous year at 390 million euros. The investments will be made in around 253 new stores, 75 of them in Germany.

credit: EHI

MUCH OPTIMISM FOR THE F&B industry

Frequency, length of stay, atmosphere – there are many reasons why gastronomic offerings are an essential part of retail. Olaf Hohmann, Head of Retail Gastronomy Research at the EHI Retail Institute, uses Germany as an example to show the development, trends, and potential of retail gastronomy.

back from left to right: Anna-Katharina Skrzipek, Senior Asset Manager, URW / Simon Splittgerber, Asset Management Retail Deutschland, Union Investment front from left to right: Olaf Ley, Director of Investment Austria & Germany, URW / Andreas Hohlmann, Managing Director Austria & Germany, URW / Ralf Schaffuss, Leiter Asset Management Retail Deutschland, Union Investment / Lars Richter, Head of Asset Management Retail, Union Investment // credit: Union Investment

Union Investment and Unibail-Rodamco-Westfield extend long-term management contracts for three major retail real estate assets in Germany

Unibail-Rodamco-Westfield (URW) and Union Investment have maintained a very successful partnership for many years in relation to Köln Arcaden, Riem Arcaden in Munich and Spandau Arcaden in Berlin, which are among the leading retail properties in the sector. With the management contracts, which have now been extended ahead of schedule on a long-term basis, the two companies are once again confirming their cooperation and creating a long-term joint perspective for the three top assets. In future, the focus will be on further optimising the tenant structure in line with the major sector megatrends as well as on mixed-use components and sustainability measures.

credit: Umbdach/CBRE

LE BIG TAMTAM IN HAMBURG: A COLORFUL GASTRONOMIC EXPERIENCE IN A CLASS OF ITS OWN

“Le big TamTam” is an extraordinary project in the heart of Hamburg’s city center that combines culinary diversity, entertainment, and modern shopping – all within a heritage-protected building. A colorful food market, complete with an event stage and central bar, is being developed on an area of 2,000 sq m in the basement level of Hamburg’s Hanseviertel district. Extensive remodeling work has been underway since last year. The team at umdasch The Store Makers is responsible for general contracting work and furniture construction for this flagship project.

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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