European Retail in 2016
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The most-used shopping app worldwide is shopkick. It connects customers with bricks-and-mortar retailers. shopkick was founded in the USA by Cyriac Roeding in 2010. The app has been available in Germany since October 2014 and currently has more than 1.9 … Continue reading
Expanded strategic joint venture partnership Changed ownership structure at Alegro Setúbal Immochan and the Alaska Permanent Fund Corporation (APFC) have expanded their strategic joint venture partnership through the acquisition of the Alegro Setúbal shopping center in Portugal. The transaction is … Continue reading
Rents on Via Monte Napoleone in Milan rose 41.2% in a single year, making it the fastest-growing high-street rental market in Europe in Q4 2015, ahead of Rome’s Via Condotti (37.5% growth) and Barcelona’s Diagonal (33.3%). Elsewhere, smaller but sharp … Continue reading
By Zoe Ellis-Moore Throughout my time in the industry, it has become clear that, as a profession, we cannot attribute success in a retail property to one single component. Is it about an enticing mix of shops, food, and entertainment? … Continue reading
Foodservice and food courts have been a big trend in malls for some time now. ECE recently published a study on foodservice development. The study shows that 40% of visitors already choose a shopping center primarily based on its foodservice … Continue reading
By David Leech The Pallasades Shopping Center was built in 1971 as part of the redevelopment and expansion of New Street Station in Birmingham. This development created a 13-platform railway station, the busiest outside London, with a single-level shopping center … Continue reading
ACROSS: You opened your first shopping center in Slovakia last year: Forum Poprad. How satisfied are you with the performance? MARK SIEZEN: We are very pleased with both the footfall and the sales. This is also due to the tenants … Continue reading
ACROSS: You were recently appointed as the new Managing Director of IKEA Centres. How many countries are now under your management? And which former shopping center companies are now under the roof of IKEA Centres? Gerard Groener: IKEA Centres was … Continue reading
BY JONATHAN DOUGHTY The shopping center industry is hungry, very hungry. It relies on being fed new tenants and operators to keep the mix interesting and different, to keep attracting the guests to come shopping, and, hopefully, to keep them … Continue reading
Where do people go shopping, spend time with friends and family, or watch a film? Do they prefer to stay in, go out, or a mixture of the two? Whatever their preferences are, they are likely to have a lot … Continue reading
Shopping centers must be profitable to survive in the growing market and service-related expenses make up the largest proportion of operating costs. It is therefore enormously advantageous to assign such tasks to a central facility manager. Wisag Facility Service, one … Continue reading
By Dieter Bullinger With regard to shopping centers, the terms recycling, redevelopment, revitalization, refurbishment, restructuring, relaunch, and repairs are often used indiscriminately (or even as synonyms) to characterize different forms of (structural) improvement of existing properties. A new guide by … Continue reading
By Íñigo Pastor We are living through a true digital disruption, and shopping center and outlet operators must evolve and innovate to integrate new technologies within traditional channels. Retail operators must satisfy their customers’ needs by letting them connect with … Continue reading
By Costin Blideanu People go to neighborhood centers for their daily needs and also prefer proximity shopping malls during weekdays. We hear this pretty often when speaking about shopping centers in Western Europe, where they already have a history. How … Continue reading
The Austrian group comprises two core businesses: SIGNA Real Estate and SIGNA Retail. SIGNA Real Estate owns and manages an extensive portfolio of exceptional properties and is seen as a competent partner in fund management and property services. It employs … Continue reading
By Reinhard Winiwarter Top international brands are indispensable for shopping centers, in particular, since many have “anchor tenant potential.” After all, their clever marketing makes their products so desirable that their target groups buy readily. For the owners and operators … Continue reading
The Georgian Co-Investment Fund (GCF), a private equity fund based in Georgia, has announced the commencement of the main construction works for the $77-million (€69-million) Galleria Tbilisi. The investment project envisages the development of a modern, multifunctional shopping center on … Continue reading
Many people associate the name “Kursk” with the sinking of the eponymous nuclear submarine on August 12, 2000. Kursk is also a city with 415,000 residents in central Russia, however, in which the Grinn Corporation recently opened the first phase … Continue reading
Urbanization and widening polarization between the “best and the rest” of European cities continue to gather pace and are increasingly shaping the location decisions of international retailers. Research for Redevco’s latest “City Attractiveness Report” shows that city quality plays a … Continue reading