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
By Jörg F. Bitzer “Good, better, best,” now applies to short-term rentals, too. Retailers generally look for retail space in prime locations with the intention of renting them for an indefinite period. Pop-up stores, which are rented for just a … Continue reading
By James Brown Despite a slowdown in China, the US election circus, Brexit uncertainty, and muted economic growth in Europe, all coupled with the underlying persistent retail sector challenges (and opportunities) posed by the continued growth of eCommerce, international retailers … Continue reading
By Manuel Jahn The success of store retail traditionally hinges on the location, which includes the surrounding neighborhood and street as well as the actual building. But the cutting edge of the international retail real estate market now features locations … Continue reading
By José Falcão Mena The shopping center sector is currently expanding at the international level. With specialized companies entering the sector in developing countries of North Africa and South America, together with the economic recovery of mature markets like those … Continue reading
The study has shown that 40% of visitors base their choice of shopping center primarily on the available dining options – and not on the variety of other stores. 60 % of those surveyed eat at the center nearly every time … Continue reading
ACROSS: On December 1, 2015, TPG Real Estate closed its acquisition of TriGranit. How do both enterprises benefit from this transaction? ÁRPÁD TÖRÖK: After a long period of stagnation, the last couple of years brought a steady awakening to the … Continue reading
More than just a shopping center The current largest shopping center development project in Switzerland is the Mall of Switzerland in Ebikon, near Lucerne. ACROSS wanted to ask Marcel Stoffel, Managing Director of the Swiss Council of Shopping Centers (SCSC), … Continue reading
In accordance with the latest research by Savills, the annual volume of investment transactions in 2015 in Poland exceeded €4.0 billion, which was the second-highest result in history, while the last quarter of the year was the most active one … Continue reading
In 2014, Swiss shopping centers increased their turnover, albeit only slightly, by 0.5%. That’s about the same growth as in the previous year, 2013 (+0.4%). This growth is put into perspective, however, when one notes that the retail area increased … Continue reading
By Peter Pointner The Austrian restaurant scene is currently blooming as hardly ever before. Young, dynamic restaurateurs are scoring points with new, style-conscious, and tasty concepts. International system catering is also warming to the Alpine republic, however. At the end of … Continue reading
In early February, a press release made the rounds in the industry. “Ares Management Real Estate Fund Acquires Two Designer Outlet Centers in France in Partnership with McArthurGlen,” was the title. Specifically, Resolution Property divested itself of objects in Troyes … Continue reading
