The Turkish metropolis of Istanbul is getting a new airport. But not just any airport: Its total cost amounts to over €10 billion. The transport hub is set to begin operation at the end of 2018 and will initially accommodate … Continue reading
With a transaction volume of around €9.2 billion, the investment market for retail real estate has heated up rapidly when compared to the first half of last year (H1 2014: €4.8 billion). The volume has almost doubled following a strong … Continue reading
BY JÖRG F. BITZER The shop-in-shop structure of department stores is overshadowed by the concept of large-scale shopping centers. The term “department store” is often meaningless to today’s young people.Large takeovers are already taking place in the German department store … Continue reading
ACROSS: Please paint us a quick company portrait of Cross Jeans! TANJA NEDWIG: Cross Jeans celebrates “20 years in Germany” this year. The foundation stone was laid in 1995 when the company was founded in Berlin. Cross Jeans is well … Continue reading
According to the recent “Real Estate Market Report 2015 – Baltic States” by Ober-Haus, two larger retail projects were opened in Vilnius in 2014: the DomusPro shopping center in the Pasilaiciai district at the beginning of the year and the … Continue reading
ACROSS: Please paint us a short company portrait of WhiteWater. GRANT POJE: WhiteWater is the leading global designer and manufacturer of waterpark products and family attractions for world-class clients. We not only specialize in waterslides, but also in multi-level water … Continue reading
ACROSS: Please give as a short description of your shopping center portfolio in Finland. HENRIK STADIGH: Sponda owns five shopping centers in Finland, which are located in Helsinki and in the cities of Tampere and Oulu. In Helsinki and Tampere, … Continue reading
ACROSS: At the beginning of July, Lar España announced an agreement to acquire the Megapark shopping center for €170 million – the largest transaction carried out by your company to date. What was the reasoning behind this deal at the … Continue reading
The Village opened in 2008 and hosts over 90 retailers, including Calvin Klein, Nike, Adidas, Guess, and Tommy Hilfiger, and attracts approximately 3 million customer visits per year. As a result of this acquisition, Blackstone now owns a portfolio of … Continue reading
Serravalle will expand to open a further 70 stores, building on its position as one of Europe’s top fashion destinations and a great day-out from nearby Milan. The existing center will also be refurbished as part of the investment. There … Continue reading
The LP12 Mall of Berlin has followed this trend and has introduced an individualized gift card from PayLife, the specialist in card solutions with experience in more than six countries (Austria, Germany, Czech Republic, Slovakia, The Netherlands, and Slovenia). PayLife … Continue reading
BY GASTÓN GAITÁN The shopping center sector is undergoing profound change. We could even declare that our centers are no longer mere shopping premises, considering the variety of channels available at present, and are evolving to become places where it … Continue reading
The scheme will provide a significant leisure extension to the outlet center’s retail offer and includes a confirmed line-up of top operators: a Cineworld 7-screen cinema, Frankie & Benny’s restaurant, Pizza Express, Prezzo, KFC drive-thru, and Morrisons Superstore with petrol … Continue reading
BY JONATHAN DOUGHTY 25 years ago, life was pretty simple. There were a few major restaurant chains across Europe, one or two in each country, and they provided the tenants for all the developments that took place. This group of … Continue reading
BY ELISE BUCHANAN This imbalance is a global trend felt in many countries. Paris’s retail scene continues to lead in France and New York still attracts more foreign shoppers than any other US city. The perception of these cities as … Continue reading
ACROSS: Center decoration and Christmas lighting are of very great importance to the shopping center industry today. Which of your projects is the most exciting one at present? THOMAS MARK: We have many exciting projects. One of the most beautiful … Continue reading
More than 200 experts from 15 countries came to Paris to attend the Magdus Outlet Conference on June 11 and 12. This meeting of the relatively young European factory outlet center (FOC) industry celebrated its launch eleven years ago. Like … Continue reading
Resolution Property has formed a joint-venture with Shema, a French public/private partnership, to develop the 18,000-sq-m Honfleur Outlet center in Normandy. Both companies will work with the operator Advantail to deliver more than 100 fashion and designer stores in two … Continue reading
BY BRENDON O’REILLY Tough beginnings: The Russian outlet market was established just three years ago and, despite tough beginnings, is rapidly developing, narrowing the gap to its Western counterparts. Interestingly, one of the catalysts for the growth of the outlet … Continue reading
CBRE recently presented the “Outlet Shopping Centers” report, in which it discusses the current situation and reviews future opportunities for growth in this sector of the market. “Ever since the beginning of the 1990s, the Polish retail market has grown, … Continue reading
