Il Centro in Milan, Bonarka City Center in Krakow, and Westfield in London stand out from the mass of European malls, says Árpád Török, CEO of TriGranit. The latter in particular because of its focus on virtual reality.
Many criteria must be fulfilled for a shopping center to function nowadays. The experts on ACROSS’s Advisory Board responded to a survey about criteria for success and named their favorite malls.
Just more shops, or landmarks, connectivity and indoor public space? T1 Mall of Tallinn opens in October 2018 with 55,000 sq m of leasable area and following the latest industry trends.
Recruitments, promotions and appointments in the European Retail Real Estate Industry.
In an increasingly busy world, consumers are becoming more and more selective about how they spend their precious time and money.
While digitalization is a central topic in all economic sectors, its impact can best be observed in the retail sector.
CREATING NEW IN-STORE REALITIES is the slogan at the Exploring Retail conference in Hamburg.
Shoptalk Europe, the new large-scale event that is leading the development of a modern European and global retail and ecommerce conversation and community of innovators, announced its agenda featuring 130+ confirmed speakers.
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.
The 9th German Big-Box Real Estate Congress (Deutscher Fachmarkt-Immobilienkongress), with the motto “Information creates the future,” will be held at the Van der Valk Airporthotel in Dusseldorf on October 23 and 24.
Shoptalk was launched in the USA last year as an event for retail and ecommerce innovation. Starting with 3,000 attendees in 2016, it grew to 5,500 attendees in just its second year.
The real estate industry is booming in 2017 and there is great interest in Expo Real in Munich from October 4 to 6 — ideal conditions for successful networking and specific business deals. The focus will be on technological innovation and digitalization.
Eperia, Slovakia | Meadowhall, United Kingdom | Shopping Center on Kashirskoye Highway, Russia | Hoog Catharijne, Netherlands | Überseequartier, Germany | Tunsgate Quarter, United Kingdom | Kaufpark Eiche, Germany | Agora Budapest, Hungary
Lotte World Tower, Seoul, South Korea; Mall of Qatar, Qatar; Nicollet Mall, Minneapolis, MN, USA; BHV Marais, United Arab Emirates.
Xuzhou Suning Plaza recently opened its doors. The new shopping center reflects the growth of international retail in second- and third-tier Chinese cities.
ReTuna Återbruksgalleria, a mall specializing in second-hand goods, recently opened in the Swedish town of Ekilstuna.
For Marcel Kokkeel, CEO of Citycon, the future lies in the “perfect match” between commerce and communities.
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.
The history of counting customer frequency appears to lead to blanket Wi-Fi coverage. This makes it all the more surprising that coherent Wi-Fi strategies are still the exception rather than the rule among German retailers.
Innovation is a “buzzword”—and buzzes around theleisureway’s studio like a bee in a car.
Foodservice Column by Jonathan Doughty, Regional Director & Head of JLL Foodservice Consulting.
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.”
Fashion brands lead the pureplay-to-omnichannel transition as the role of physical stores in the UK evolves.
“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.
According to Martin Wendsche, Managing Director for ISG in CEE, lounge concepts and integrated gastronomy are now part and parcel of shopfitting.
Alexa visitors and Facebook fans, along with an expert jury in a final session, evaluated three finalists from the “Best Newcomer” category.
Online retail is increasingly shaking up tenant mixes in Europe’s cities. The bricks-and-mortar trade is desperately seeking innovative concepts.
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.
Prague The Style Outlets will introduce the international platform The Style Outlets into the Czech Republic. Refurbishment works are now underway to create a premium outlet destination.
According to Bożena Gierszewska-Mroziewicz, Head of Neinver Poland, outlet centers are moving forward to offer a complete experience that responds to growing expectations.
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.
Designer Outlet Village in Grantham planned.
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, located directly on the border with Germany, won multiple prizes in this year’s “Outlet Center Performance Report Europe.”
Around €3.8 billion were invested in the German retail market in the first three months of 2017.
The company reports that the continuous increase in purchasing power in the region underpins the investment case in general and that for its acquisitions of Galleria Burgas and Galleria Stara Zagora in particular.
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.
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.
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.
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.
GfK study on key retail indicators: 2016 review and 2017 forecast.
The ICSC recently published its study “The Successful Integration of Food & Beverage Within Retail Real Estate.” Here is a summary of its findings.
The Austrian capital is very popular with international retailers.
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.”
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.
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.