ACROSS | The European Retail Real Estate Magazine

Opinion

OUTLOOK 2018 – “SUBSTANTIAL TRANSFORMATIONS AND CHANGING SHOPPING PATTERNS”

From “A” as in “Apsys” to “U” as in “Unibail-Rodamco Germany”: Representatives of 27 companies of the European real estate industry venture a glimpse into the industry’s near future.

Thomas Mark joins ACROSS Advisory Board

The ACROSS Advisory Board is happy to announce its latest addition and welcomes Thomas Mark as its new member.

BY MARRIT LANING

Polarisation and volatility in cities and high-streets demand us to be specialists

Relentless cost cutting and highly flexible supply chains, sensitive to every change in the whims of consumer taste, are the stock in trade of today’s successful value fashion retailer on the unforgiving battlefield of Europe’s High Streets. At the other end of the spectrum, luxury brands deliver experiences that are more akin to theatre and TV commercials than the stores of times past.

BY JOY FAN

In the Clash Between Brick-and-Mortar and Click-and-Order, Popups Are the Happy Compromise

Between eBay, Etsy and Amazon, it’s getting harder and harder to ignore the writing on the wall - online retail is here to stay, and it will continue to upend the retail economy.

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

Recruitments, promotions and appointments in the European Retail Real Estate Industry.

BY JOÃO CORREIA DE SAMPAIO

The Evolution of European Retail Real Estate Trends

The retail real estate industry today is facing disruption from many sides. The digital revolution has been deep and widespread, generating ripples that include e-commerce, social media, and the rise of technology in every aspect of our lives.

Events

The Premium Business Program at Christmasworld in Frankfurt

Top keynote speakers and networking opportunities to put you ahead on the knowledge front.

COMPLETELY RETAIL MARKETPLACE UNITED KINGDOM, APRIL 24, 2018, LONDON

Completely Retail Marketplace is a one-day, leasing-focused event all about deals. It brings retailers, landlords and agents together to do business.

ULI ITALY ANNUAL CONFERENCE 2018, APRIL 19, MILAN, ITALY

The ULI Italy Annual Conference will be held on April 19 from 8:30am to 2:15pm at the Assimpredil Ance Headquarters in Milan.

10TH GERMAN RETAIL REAL ESTATE SUMMIT 2018, FEBRUARY 28 – MARCH 1, DÜSSELDORF GERMANY

2018 marks the tenth anniversary of the German retail real estate summit.

The Premium Business Program at Christmasworld in Frankfurt

Top keynote speakers and networking opportunities to put you ahead on the knowledge front.

ULI Europe Conference 2018, January 30-31, Berlin, Germany

The ULI Europe Conference is a flagship real estate event that attracts more than 500 top professionals from across Europe and beyond.

Development

PROJECTS & OPENINGS INTERNATIONAL

Jardín Plaza Cúcuta shopping center, carried out by Sonae Sierra and the Colombian company Central Control, and The Shops at Clearfork, a 46,400-sq-m, open-air luxury shopping, dining, entertainment, and mixed-use destination situated in the heart of Fort Worth, Texas, USA.

Largest Shopping and Leisure Center in Central Switzerland Opens

Freo Financial & Real Estate Operations Gmbh, a pan-European investment manager and developer, is the company behind the “Mall of Switzerland” near Lucerne, with a total area of 65,000 sq m.

New brands coming with Ada Mall shopping center

The Ada Mall shopping center, currently under construction near Ada Ciganlija, alongside the specific design recently honored with an international award, will bring innovation to the market in terms of brands.

New brands coming with Ada Mall shopping center

The Ada Mall shopping center, currently under construction near Ada Ciganlija, alongside the specific design recently honored with an international award, will bring innovation to the market in terms of brands.

EAT THE MALL

Dining, enjoying, relaxing, and shopping. Center operators are completely revamping their menus.

BY JORGE MORGADINHO

How an Appetite for Food Courts Can Drive Shopping Center Spending

For Sonae Sierra, localization is key: Each project must be unique and we mustn’t repeat ourselves.

Center Management
BY MAXIMILIAN LUDWIG

The Yin and Yang of Shopping Centers

The way malls co-exist with their immediate surroundings is currently undergoing a fundamental structural change–on a multitude of levels.

THELEISUREWAY COLUMN

The leisure formula

In every article that I read, in every discussion that I have, and in every forum that I attend, everyone continuously repeats that the times of those traditional concrete boxes full of standardized shops are over.

Increased appetite in Sweden

Grosvenor Europe knows that, with the rise of e-commerce, it is essential to provide a full shopping, leisure, and dining experience to meet guests’ needs. They are thus implementing appropriate measures - for example in Sweden.

FOODSERVICE COLUMN

THE “FULL SERVICE” CIRCLE…

Most people who have worked in the hospitality industry understand the “full service” circle. This describes how we have to work hard for our guests to provide them with exactly what they want, whether in a restaurant, bar, or hotel, by working as a team.

THELEISUREWAY COLUMN

Place changers

theleisureway column by Gastón Gaitán.

Do you know your customers?

How Big Data, mobile devices and social media revolutionize traditional customer retention management.

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Retail

An award for “First Store by Alexa”

The winners of this year’s “Real Estate Marketing Award 2017” were again honored at the international real estate fair Expo Real in Munich. The winners in the “retail” category are Union Investment Real Estate/Sonae Sierra/21Media for their “First Store by Alexa,” a new competition concept for innovative store ideas.

Opening of the BWT Flagship Store in Moscow

BWT, Europe’s leading company for water technology, with headquarters in Austria, entrusted Umdasch Shopfitting with the design of its first bricks-and-mortar brand world.

RETAIL TECHNOLOGY

Big brother reloaded | retail technology at intu

Audience recognition cameras in intu Victoria Centre in Nottingham will ensure that customers receive personalized content.

RETAIL TECHNOLOGY

Big brother reloaded | retail technology at intu

Audience recognition cameras in intu Victoria Centre in Nottingham will ensure that customers receive personalized content.

From Digital to Physical

Fashion brands lead the pureplay-to-omnichannel transition as the role of physical stores in the UK evolves.

Retail Technology: Launch of Hyper-Reality Experience

“Tick Tock Unlock” makes Trinity Leeds the first shopping center in the United Kingdom to provide a VR-powered hyper-reality experience to its customers.

Factory Outlets

VIADUC VILLAGE IN SOUTH FRANCE – OVER 40% LEASED

Groupe Idec Invest recently announced at Mapic that its future outlet village, Viaduc Village, at the Millau Viaduct in the South of France, has surpassed the 40% leasing hurdle.

Construction Works Underway for City Outlet Wuppertal

The Clees Group has officially started construction of the City Outlet Wuppertal. The preparatory measures have been running since July. From this point on, things should continue at full speed for the centrally-located project in Döppersberg, in the district of Elbersfeld.

First Outlet Center in the Ural Region

The first outlet center in the Ural Region of Russia will be opened for customers in Yekaterinburg on December 18, 2018.

HMSHost International Enters the Outlet Center Segment

HMSHost International, the world leader in food and beverage services for travelers, opened six new food & beverage outlets at McArthurGlen Designer Outlet Roermond in April. It signed a 10-year contract with an estimated valueof over €100 million.

“Eating is the new shopping”

HMSHost International entered the outlet center market last April. In an interview with ACROSS, CEO Walter Seib explained how he creates places to be for shoppers with appetite.

Parndorf Fashion Outlet — More Frequency with Style

Viennese Art Nouveau is the inspiration for the new designs of Austria’s Parndorf Fashion Outlet and Freeport Fashion Outlet. The outlet owners have further ambitions: purchases are planned across Europe.

Investment

“We currently have an oversupply of retail space in Switzerland”

Bruno Kurz is the CEO of Swiss real-estate service provider Immoveris. In his interview with ACROSS, he explains why marketing is not just marketing and how real estate transactions can work ideally.

Retail park in Amberg, Bavaria under the hammer

The Hahn Group has acquired a retail park in Amberg, Bavaria, for the institutional Hahn German Retail Fund II.

€335 MILLION CREDIT AGREEMENT – ALSO FOR WESTEND CITY CENTER IN BUDAPEST

Gránit Pólus Group has signed a credit agreement of €335 million with a syndicate of Erste Group Bank, Erste Bank Hungary Zrt., UniCredit Bank Hungary Zrt., UniCredit SpA, and K&H Bank Zrt. to refinance existing loans and provide a capex credit line for WestEnd City Center in Budapest.

Deutsche Hypo finances mall in Gdansk

Deutsche Hypothekenbank is financing Galeria Baltycka in Gdansk for the property company Shopping Center Galeria Baltycka GmbH and Co. KG sp.K.

“We want to expand our activities”

Commerz Real is putting out feelers for new shopping centers. In an interview with ACROSS, Katharina von Schacky, Global Head of Real Estate Markets Shopping, reports that purchase prices are somewhat unrealistic.

BY DIRK WOLLWEBER AND SONJA SCHRÖER

An Accounting of Operating Cost

Taking the personnel lift to counters or into the abyss of the performance search engine.

Studies & Reports

Retail Investing in Energy Efficiency

A recent EHI study analyzed energy optimization measures in the retail sector.

Size Does Matter

The drafters of the Savills Global Luxury Retail Report have discovered that luxury retailers are currently focusing on top locations.

Non-Retail Tenants as Turbo

A report from the Urban Land Institute (ULI) and JLL finds that non-retail tenants - including F&B, leisure, and community amenities - have led to 28% estimated rental value growth, a 7.24% increase in footfall, and a 1% decrease in vacancy rates across 12 European malls in the past 12 months.

City Report Berlin – the place to shop

“Berlin is poor, but sexy.” That’s how Klaus Wowereit, then-mayor of Berlin, characterized the German federal capital in 2003. This mainly referred to the city’s massive debt, which then amounted to around €50 billion.

EUROPEAN RETAIL IN 2017

GfK study on key retail indicators: 2016 review and 2017 forecast.

ICSC

No “One-Size Fits All” Optimum Solution

The ICSC recently published its study “The Successful Integration of Food & Beverage Within Retail Real Estate.” Here is a summary of its findings.