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Decathlon at Westfield Ruhr Park, Germany. /// credit: kplus konzept, Decathlon

Unibail-Rodamco-Westfield Strengthens Strategic Partnership With Decathlon

Unibail-Rodamco-Westfield (URW) Germany is enriching the already diverse and attractive tenant and brand mix of Westfield Ruhr Park in Bochum and Palais Vest in Recklinghausen: with the sporting goods manufacturer and retailer Decathlon, another anchor partner is coming on board in both shopping centers. At Westfield Ruhr Park, Decathlon will present its extensive product range on a sales area of more than 1,000 sq m. At Palais Vest, the store will cover almost 1,000 sq m of sales area. The stores are scheduled to open in spring 2025.

credit: IPH Handelsimmobilien GmbH///Heuer Dialog

“There is a viable solution for every property”

In an interview with ACROSS, Joachim Stumpf, Managing Director of BBE Holding and IPH Handelsimmobilien, analyzes the role of retail real estate in light of the current economic and social situation. His conclusion: “The advancing polarization is a key issue when we discuss what options we have to counter the transformation in retail. Against this backdrop, we also need to rethink retail and locations. Despite all the challenges, good and individual types of use can be found for all properties – but getting there can be painful.”

Will Odwarka is the Founder and CEO of Dubai-based firm Heartatwork Hospitality Consulting. /// credit: Will Odwarka, ACROSS

Will´s F&B Insights: New Year of Hospitality Trends and Predictions

How are you doing with your resolutions? Still going strong, or already planning for the resolutions for next year? Its customary to look into my glass bowl at the beginning of a new year and predict the future of hospitality, new trends and what else is cooking in our industry and how it might impact the leasing and development efforts.

Coresight Research and NextRivet Announce Strategic Partnership to Redefine Retail and Real Estate with Insight-Driven Innovation

Coresight Research, a research and advisory firm specializing in retail and technology, and NextRivet, a digital innovation and implementation consultancy specializing in retail real estate, announced their strategic partnership and the launch of CoreRivet. The CoreRivet service is designed to empower retail and real estate executives with actionable insights and cutting-edge technologies that drive sales growth, operational efficiencies, and elevated customer engagement.

credit: URW

URW sells 15% stake in Paris shopping center Westfield Forum des Halles

Westfield Forum des Halles is a 77,600sqm flagship shopping center located in the heart of Paris. Unibail-Rodamco-Westfield (URW) has sold a 15% stake to CDC Investissement Immobilier, the real estate arm of French public financial institution Caisse des Dépôts (CDC).

credit: Mallcomm

The retail renaissance: A new approach

Over the past couple of years, it has become evident that retail is seeing a significant resurgence. This is across shopping centers, large destination indoor malls, and retail parks and outlets, explains Mark Bruce, Data & Insights Director at Mallcomm. While some may have dismissed the retail sector, others have recognized that despite some challenges, there is a great opportunity.

Skecher's new concept store in Prague, Czech Republic. /// credit: Skechers, Business Wire

Skechers Opens New Concept Store In Prague

Skechers has opened a new flagship store in the center of Prague, with the destination featuring an extensive offering of footwear, apparel and accessories.

Westfield Centro Oberhausen, Germany. /// credit: Oliver Blobel, URW

More Than 15 New Deals At Westfield Centro

Unibail-Rodamco-Westfield (URW) is once again strengthening the attractiveness of the shopping and leisure destination in North Rhine-Westphalia: for this purpose, rental areas of anchor partners are being comprehensively expanded to establish flagship formats and, at the same time, new brands are being brought on board to further diversify the product range at the center. In this context, Westfield Centro is also announcing several market entries in Germany. A number of the new partners are also placing a particular focus on sustainability in their business model.

Premier Outlet Centre, Budapest, Hungary (left); Giles Membrey, Managing Director of Rioja Estates Ltd and member of the ACROSS Advisory Board (right). /// credit: Rioja Estates, Premier Outlet Centre

“CO-OPERATION BETWEEN ALL STAKEHOLDERS IS THE MOST IMPORTANT THING WHEN IT COMES TO OUTLETS.”

The European outlet market is saturated; there are only a few white spaces. Rioja Estates is one of the most experienced European pre-developers and, as such, the first authority to decide whether a location can work. Together with ACROSS publisher Reinhard Winiwarter, Giles Membrey examines the outlet market in 2024 and explains why all players should urgently address technology, which markets in Europe still have potential, and how his company’s focus areas are changing.

founder and publisher of ACROSS Magazine (left), and Klaus Striebich, Managing Director of RaRE Advise and Head of the ACROSS Advisory Board (right). /// credit: ACROSS, Klaus Striebich

NEVER STOP ADAPTING AND CONCENTRATING ON THE TOP PRIORITIES

As the year draws to a close, Reinhard Winiwarter, founder and publisher of ACROSS Magazine, and Klaus Striebich, Managing Director of RaRE Advise and Head of the ACROSS Advisory Board, pause to reflect on the retail real estate industry’s current state. Although 2024 has shown many positives, the two industry experts are concerned about one thing: the possibility that many industry players will not be able to keep up with the speed of change.

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