Opinion

Retail Property Sector Remains King in Romania

In Romania, repeated and unplanned changes in legislation hinder the process of building authorization, as well as the legal steps required at the time of completion.

Back to work!

Coworking spaces have potential – also in shopping centers. The first symbioses already enhance the European retail real estate market.

What are Weekends Made for?

Since the liberalization of opening hours – determined by the “Salva Italia2” decree passed in 2011, during Mario Monti’s legislature – retailers in Italy have been free to open on Sundays and festive days, according to their own commercial strategies.

The Role of the Local Community in Enhancing Retail

In order to survive, shopping centers are beginning to adapt retail, housing cultural, educational, and leisure facilities all under one roof. Since 80% of those visiting malls are Millennials or Gen Z, leisure is a hot topic within retail development.

Convenience schemes in Poland mean good yields

The Polish real estate segment is changing. What we are seeing, apart from traditional real estate investments in office and retail, is there has been growth in new formats, including mixed-use projects with multifunctional concepts, and a growing potential for small-convenience schemes and retail parks.

Specialist Retail Products: the Investors’ Darling

Real estate investors both in and out of Germany rely on specialist retailers and specialist retail parks: They offer constant pulling power, stable revenues, and solid customer footfall – all of which require clearly positioned product and sector concepts, which signal to investors that their investment is both solid and sustainable.

Development

Starting Shot in Changsha

Ingka Centres ramps up investment in China with new mixed-use projects. This will cost the company €2 billion.

Mipim: Projects Everywhere You Look

Once again, real estate developments will be presented and advertised in Cannes this year. Many of them will feature retail space. Here is an overview of this year’s event.

Shopping and Skiing

SevenCapital is developing North Star Village in Swindon. The Shopping & Leisure Project includes one of the United Kingdom's largest ski and snow centers.

An Oskar for Osnabrück

New shopping center projects in Europe have been scarce in recent years. The Unibail-Rodamco-Westfield Group has bucked this trend and is currently developing “Oskar”, an inner-city shopping center in Osnabrück, Germany.

Shopping Mall WEZ receives a contemporary revamp by BEHF Architects

Built in the 1970s, the shopping mall WEZ – Das weststeirische Einkaufszentrum in Bärnbach near Graz is an example of the first generation of malls in Austria.

“Additional Acquisitions under Consideration”

Dietmar Reindl, COO of IMMOFINANZ, gives an interview regarding the road to becoming Europe's leading retail park operator and the challenge of online retailing”.

Management

Back to work!

Coworking spaces have potential – also in shopping centers. The first symbioses already enhance the European retail real estate market.

Launch of the Logistics of Tomorrow

Germany's first multi-label parcel shop opened in Hamburg's City Center Bergedorf.

Collaborative innovation success

Unibail-Rodamco-Westfield and Toolbox Group jointly developed Mallcomm, the retail community operations and engagement platform.

Cineplexx Opens First IMAX Cinema in Greece

It is located inside ONE Salonica, an outlet mall in Thessaloniki, which stands to benefit from the new entertainment offering.

BY JOÃO CORREIA DE SAMPAIO

Services and Leisure Take Center Stage

The modern mall has changed beyond all recognition – and necessarily so. Physical malls increasingly reflect the evolving needs of consumers and the accelerating pace of contemporary life. What was fast has become faster. At every turn, technology plays a role. The retail industry has unlocked online sales channels, which complement a brick-and-mortar approach, rather than simply competing with physical stores.

UK’s first interactive inflatable park to launch at Meadowhall

The debut of Air Haus at the mall in Sheffield reflects the increasing relevance of leisure facilities in shopping centers.

Investment

RETAIL INVESTMENT: WIDENING GAP BETWEEN EUROPE’S RETAIL MARKETS

The Union Investment index analyses the attractiveness of the top 17 markets.

Union Investment reduces the retail share of immofonds 1

The reason is the competition from online retail. Residential and logistics assets, in return, will be increased.

News in Sweden, Spain and Poland – VIA Outlets Develops Portfolio

VIA Outlets is continuing the transformation of its portfolio across Europe. An expansion and remodeling program of €29 million, focusing on three outlets in Sweden, Spain, and Poland, began last autumn to help increase the overall guest experience and better position the outlets as premium shopping destinations across Europe.

Entering India

Ingka Centres, formerly IKEA Centres, unveils a major new strategic vision that will see it invest €5.8 bn over the next three years – and sets off for the Indian subcontinent.

An 8-year Acquisition Term

Helaba finances Atrium European Real Estate’s purchase of Wars Sawa Junior for EUR 170 million. The shopping center, located in the Polish capital, comprises 26,000 sq m of retail space.

Man of the Year: René Benko. The Real Estate Tycoon

A self-made man who set out to form a European format omnichannel provider.

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Retail

Service quality is the measure of the future

The three mega-topics of the European society, “globalization”, “digitization” and “demographic development,” are now known to all. Only the resulting changes for the respective business models are still unclear in many places.

Hong Kong’s Causeway is world’s most expensive retail street

For the first time in five years, Hong Kong’s Causeway Bay has replaced New York’s Upper 5th Avenue as the world’s most expensive retail street by rental value, according to data from Cushman & Wakefield.

Online Retailing in Alpine Countries: Further up the Mountain

A study conducted by EHI and Statista examines the e-commerce markets in Austria and Switzerland.

Virtual Reality at the Service of Food Court Investment

Gastronomy areas are increasingly becoming the focal points of shopping centers. Virtual reality software makes planning much easier.

Umdasch The Store Makers Goes to Mapic

Extraordinary worlds of experience in the areas of lifestyle retail, food retail, and premium retail, including digital retail solutions, are designed for discerning customers by the Austrian company. It will be represented in Cannes from November 14 to 16, 2018.

“Technology for the Sake of Technology Is Fruitless”

The basic concept of shopping will not significantly change, forecasts Silvio Kirchmair, CEO of umdasch The Store Makers. However, he does anticipate legal intervention. Google, Facebook, and Amazon will all be required to pay their financial obligations to the State.

Proptech

Collaborative innovation success

Unibail-Rodamco-Westfield and Toolbox Group jointly developed Mallcomm, the retail community operations and engagement platform.

BY MICHELLE BUXTON

Technology: Delivering Competitive Edge and Increasing NOI

One of the most important aspects of the advancement of technology is how it has unlocked massive potential by transforming the way we communicate. In our daily lives, we now have at our fingertips instant ways to access important information, engage with people and brands that matter, and stay safe and informed.

“Technology for the Sake of Technology Is Fruitless”

The basic concept of shopping will not significantly change, forecasts Silvio Kirchmair, CEO of umdasch The Store Makers. However, he does anticipate legal intervention. Google, Facebook, and Amazon will all be required to pay their financial obligations to the State.

Do you know your customers?

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

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.

Food & Beverage / Leisure

Basingstoke’s food and beverage appeal expands with arrival of new dining choices to Festival Place

A taste of Asia is coming to Basingstoke’s Festival Place with the arrival of not one, but two new f&b operators expanding the wide menu of dining choices at the region’s leading retail and leisure destination. Independent Japanese restaurant The Sushi Maki and Kokoro, offering a palatable menu of East Asian dishes, have both signed up to open at the 1.1 million sq ft shopping centre.

Cineplexx Opens First IMAX Cinema in Greece

It is located inside ONE Salonica, an outlet mall in Thessaloniki, which stands to benefit from the new entertainment offering.

Taking the Plunge: From Shopping Mall to Entertainment Center

For years, malls in the United Arab Emirates have been surpassing each other with endlessly new, breathtaking attractions: With features such as ice rinks in the middle of the desert, aquariums, and roller coasters or an entire VR world, shopping has long since become an experience in this region.

BY JOÃO CORREIA DE SAMPAIO

Services and Leisure Take Center Stage

The modern mall has changed beyond all recognition – and necessarily so. Physical malls increasingly reflect the evolving needs of consumers and the accelerating pace of contemporary life. What was fast has become faster. At every turn, technology plays a role. The retail industry has unlocked online sales channels, which complement a brick-and-mortar approach, rather than simply competing with physical stores.

We ❤ Leisure

ECE LEISURE SPECIAL

Entertainment for outlet shoppers

In mid-March, Cineplexx opened a multiplex movie theater with five screens and over 800 seats in Parndorf, Burgenland. Immediate neighbors include McArthurGlen's Designer Outlet Parndorf and FOP Management GmbH's Parndorf Fashion Outlet.

Studies & Reports

RETAIL INVESTMENT: WIDENING GAP BETWEEN EUROPE’S RETAIL MARKETS

The Union Investment index analyses the attractiveness of the top 17 markets.

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

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

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

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

Center Customers Focus on Short Travel Distances

Good accessibility is one of the main criteria for the success of a center. There is a lot of catching up to do in the digital sector.

Stable first half-year in the Russian capital

Knight Frank recently published the “Retail Market Report Moscow H1 2018”. The most important event was the commissioning of “Kashirskaya Plaza”, which opened with a high occupancy rate – not only by area but also by number of stores.

GLOBAL RETAIL ATTRACTIVENESS INDEX

RETAIL INVESTMENT: WHEAT SEPARATED FROM CHAFF AMID GLOBAL UPTURN

The new Union Investment index analyzes the attractiveness of the top 17 markets.