ACROSS | The European Retail Real Estate Magazine

Opinion
BY CARLOS GONZÁLEZ

Sustainability on the rise

Sustainability has earned an important role in the retail property sector in recent years and sustainability goals are now a pillar of outlet centers’ strategies.

PEOPLE IN THE EUROPEAN RETAIL REAL ESTATE INDUSTRY

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

BY THOMAS MARK

The Art of Keeping Ahead of Changing Consumer Habits

Consumers are dramatically changing their shopping habits and preferences and we, the service and product suppliers, must anticipate these changes and respect and cater to them.

Customer Satisfaction Begins with Parking

Competition from online retailers is forcing shopping centers to reassess their retail concepts.

BY JASU JARANKA

Hyper-connected toilets are the future

Just a few years back, the idea of an IoT (Internet of Things) toilet seemed absurd, but if you think about it closely, it really does make sense.

BY MARRIT LANING

Uncertainty Brings Opportunity — Unleash the Innovation Power

Our shopping journeys might look radically different in the foreseeable future.

Events

EHI OMNICHANNEL-DAYS 2017, JUNE 20 – 21, COLOGNE, GERMANY

Coming soon: EHI Omnichannel Days will be held in Cologne on June 20-21, 2017.

ICSC EUROPEAN RETAIL PROPERTY ACADEMY 2017, JULY 3 – 5, BARCELONA, SPAIN

The academy’s curriculum has been re-designed with leading experts and practitioners in retail real estate, providing participants with a practical, real-life experience that will strengthen their skills.

SIEC17 RETAIL & REAL ESTATE EXHIBITION 2017, JUNE 21-22, PARIS, FRANCE

Under the aegis of the Conseil National des Centres Commerciaux (French Council of Shopping Centers), Siec is an anticipated and recognized business event for all French and European industry players.

ReDi Fair 2017, June 7-8, Warsaw, Poland

On 7–8 June at National Stadium in Warsaw the 4th edition of the ReDI Fair, the largest retail real estate industry event in Central and Eastern Europe, will take place.

Flon Art 2017, June 9-10, Quartier du Flon, Lausanne, Switzerland

Arty Quartier du Flon: Quartier du Flon is a private district owned by Mobimo, one of the leading real estate companies in Switzerland.

SHOPTALK EUROPE RELEASES PRELIMINARY AGENDA AND INITIAL SPEAKER LINEUP

Shoptalk Europe, the new pan-European event that is leading the development of a modern retail and ecommerce conversation and community of innovators, released its preliminary agenda with an initial lineup of speakers that already includes 70+ C-level executives.

Development

CityLife Shopping District: Opening in Milan on November 30

The CityLife Shopping District in Lombary’s metropolis will measure 32,000 sq m GLA. Sonae Sierra says it will be Italy’s largest urban mall.

Swiss Uniqueness

The Freo Group is responsible for the Mall of Switzerland’s project development and marketing. In an interview with ACROSS, Nikolas Löhr, Director of Retail Marketing, explained what makes the shopping center special with respect to its leisure facilities.

BY BILL KISTLER

Driving an Urban Renaissance

A city center location is always more complicated, expensive, and time-consuming for new retail projects than an alternative on the periphery. Despite these hurdles, investors and developers have created projects across Europe that not only serve existing markets but are also catalysts for growing demand and transforming cities.

Projects & Openings Europe

FRANCE Créteil Soleil | GERMANY Löhr-Center and PEP | ITALY Adigeo | POLAND Forum Gdańsk and Janki | RUSSIA Riviera | SERBIA Ada Mall | UNITED KINGDOM Eden Walk and The Glass Works

“Still space for unique projects”

According to Marcin Materny, member of the management board and managing director of the retail department at Echo Investment, there is no potential for traditional shopping centers in Poland. The reason is that the time has come for focusing on spectacular projects like the company’s “Towarowa 22.”

“A Huge Amount of Pressure on Physical Retail”

The architecture firm Gensler approaches its work from the assumption that consumers go to physical stores for the experience — and want a seamless brand experience too.

Center Management

Digital Prospects for Shopping Centers

Around 50 retail real estate industry experts met in Frankfurt for the second “innovation incubator.” The theme of the workshop hosted by the German facility services expert Wisag was “Digital prospects for shopping centers and retail properties.”

The new power couple

How to build a stronger relationship between developers and retailers.

THELEISUREWAY COLUMN

Circling the square

Are you sitting comfortably? Are you relaxed, open to ideas? Willing to disconnect and get some “you time”? Let theleisureway (TLW) take you away.

Foodservice Column

IT IS ALL ABOUT PEOPLE…

Foodservice Column by Jonathan Doughty.

THELEISUREWAY COLUMN

Retail is leisure and leisure is retail

I’m with my theleisureway colleagues, Pablo and Carlos, in a place in the old center of Zaragoza. It’s a tapas bar, I confess, but I might justify it by saying that it would tick a lot of boxes as one of Ray Oldenburg’s “Great Good Places.”

Foodservice Column

IT IS ALL ABOUT STOMACHS…

So, we have arrived in 2017, the world is changing again and this year promises to be one of the most “interesting” for a long, long time.

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Retail

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.

“The complexity has increased enormously”

According to Martin Wendsche, Managing Director for ISG in CEE, lounge concepts and integrated gastronomy are now part and parcel of shopfitting.

Holymesh as Winner of the “First Store by Alexa” Competition

Alexa visitors and Facebook fans, along with an expert jury in a final session, evaluated three finalists from the “Best Newcomer” category.

Paradigm Shift in City Centers

Online retail is increasingly shaking up tenant mixes in Europe’s cities. The bricks-and-mortar trade is desperately seeking innovative concepts.

RETAIL TECHNOLOGY

Security monitoring included

Hardware, software, analysis—the holistic “smart tracking” solutions developed by the Digital Retail experts at Umdasch Shopfitting provide extensive information about customer behavior in shopping malls and stores.

Interactive, Individual, Impressive

An international jury of experts commissioned by EHI and Messe Dusseldorf bestowed the most convincing store concepts with the EuroShop Retail Design Award again this year.

Factory Outlets

“The Outlet Market Quickly Identifies Weak Projects”

According to Bożena Gierszewska-Mroziewicz, Head of Neinver Poland, outlet centers are moving forward to offer a complete experience that responds to growing expectations.

“Gastronomy offer is a win-or-lose issue”

What customers have long demanded of malls is now being demanded of designer outlets. They must offer customers more than shopping, says Henrik Madsen, Managing Director Northern Europe at McArthurGlen, in an interview with ACROSS.

Rioja Developments and Buckminster work together

Designer Outlet Village in Grantham planned.

Everything’s New at Fashion Outlet Parndorf

Parndorf Fashion Outlet, located between Vienna and Bratislava, is undergoing a comprehensive relaunch. A new Art Nouveau style, new roads and entrances, new retail space, and a new center management self-run by the owner should multiply customer frequency.

Designer Outlet Roermond in front

Designer Outlet Roermond, located directly on the border with Germany, won multiple prizes in this year’s “Outlet Center Performance Report Europe.”

Building permit for Barbarossa – Hesse’s first downtown outlet center

JOH will be transformed into Barbarossa. The old department store in Gelnhausen will be a modern outlet center by the spring of 2018.

Investment

Popular Stockholm

According to Savills, the Swedish capital is currently the most attractive destination in Europe for shopping center investments due to its reputation as a “safe haven” and its relatively affluent population.

Clearly weakened indicators of investment

BNP Parisbas Real Estate recently published “At a glance: UK shopping center & out of town retail market, December 2016.” One of the headlines is that investment volumes fell by around a third compared to 2015 for both the retail warehousing and shopping center markets.

Investors Increasingly Focusing on Retail Parks

Investment in German retail properties is declining. The transaction volume is increasing significantly only in retail parks. Retail parks currently offer good investment opportunities in the UK as well.

Retail Asset Management as a Holistic Approach

According to Stephan Austrup, Head of Retail in Germany at TH Real Estate, omni-channeling and digitalization are key drivers of change. In all acquisitions and in business plans for existing portfolios, he therefore considers the impact of this change on retail formats, retailers’ required floor plans, and whether the property provides the necessary layout flexibility.

“Emotions can of course arise toward a building”

TriGranit recently sold Bonarka City Center (BCC). CEO Árpád Török spoke with ACROSS, among other things, about a very eventful 2016.

Glasgow is dominated by global brands

The Scottish city has witnessed the highest number of new restaurant openings in the United Kingdom outside London. Anne Murray, Group Manager Inward Investment at InvestGlasgow, is helping retailers to use this to counter competition from the internet.

Studies & Reports

It Could Be Rosier…

Experts continue to fear a drop in sales in retail stores, falling demand for retail space, and store closures. That is the essence of the “4th Shopping Center Market Report Switzerland 2017.”

Polish Stagnation

According to Colliers International’s “Poland Market Insights—Annual Report 2017,” only about 400,000 sq m of new retail space was created in 2016. This is one third less than in 2015. Around 400,000 sq m are expected for this year as well.

The Successful Integration of Food & Beverage into Shopping Centers

In order to provide the retail and leisure industry with guidance and insight to navigate the opportunity posed by F&B, the ICSC commissioned JLL to carry out a global study. It should provide a holistic, 360-degree view of the current landscape, challenges, risks, opportunities, and future outlook for foodservice within the shopping center space.

22 Centers Identified as Prime Examples of the Growing Trend of Retail Placemaking

Effective retail places use leisure, technology, and planning to lure shoppers, who now want shopping to be both functional and social.

eCommerce in Germany: Highly Variable Regional Potential for Product Lines

The distribution of online potential for product groups such as food, clothing, consumer electronics and DIY items differs substantially from region to region. Recently GfK published its findings in the first-ever study on regional online potential for 17 product groups in Germany.

BREXIT

How the United Kingdom’s exit from the European Union will affect the British shopping center industry.