By Colin Brooks Consumers still want to shop, and it is up to the sector to respond with engaging and relevant environments where they can do just that. It is the customer journey that can define the success of a … Continue reading
On Thursday, 21 June 2018, at 5:00 PM, the opening of Designer Outlet Croatia, the new premium outlet village in Croatia, was celebrated via a pink ribbon-cutting ceremony. Participants representing the investors, the operator, the authorities, as well as famous … Continue reading
ACROSS: Is the Designer Outlet Croatia the first IKEA Centres outlet center? BRANKO MIHAJLOV: No, it’s the second. We completed a project in the Algarve region in Portugal, namely the Designer Outlet Algarve, which opened in November 2017 (see ACROSS … Continue reading
By Moritz Lück The success of retail real estate fundamentally depends on how strong brick-and-mortar retail is. The protagonists of digital transformation would add “As long as brick-and-mortar retail still exists”. In the USA, the discussion regarding the seemingly unstoppable decline … Continue reading
ACROSS: Invester has been particularly active in the retail sector in recent months. The Freeport Fashion Outlet located on the Austrian-Czech border has undergone a makeover. At the Parndorf Fashion Outlet, you are also working on a redesign. How far … Continue reading
By Luc Lescault Milan, Italy’s second municipality by population with around 1.3 million inhabitants in 2016, is the administrative capital of the Lombardy region, accounting for 22% of the country’s GDP. The city is the main financial, commercial, and industrial … Continue reading
Based on results of the first half of 2018 in the Russian Capital three shopping centers were commissioned with total leasable area of 97,500 sq m: “Kashirskaya Plaza” with 70,200 sq m, “Milya” with 18,800 sq m and “Petrovsky” with … Continue reading
“Alibaba taking over Klépierre or Amazon and Hammerson: Now, that would really be a game changer,” says Jacques Sinke, CEO of reteam international, explaining, in a relative manner, what has been going on in the European retail real estate industry … Continue reading
A tectonic shift had emerged: On June 7, 2018, Unibail-Rodamco announced that it had completed the acquisition of Westfield, to create Unibail-Rodamco-Westfield. The new industry giant is a combination of two of the strongest and most respected names in the … Continue reading
Dear Reader, On September 15, 2008, US investment bank Lehman Brothers went bankrupt. Today, that event is referred to as the “Lehman weekend”. It marked the beginning of the biggest global financial and economic crisis since the 1930s. The bank … Continue reading
By Jorge Morgadinho One of the most rewarding aspects of being an international retail specialist is creating unique spaces for different markets. This does not involve merely adapting a universal blueprint of how we think shopping centers should look – … Continue reading
When Peter Pointner, Gerald Liebscher, and Andrei Neuwirth philosophize about retail real estate, decades of experience in brick-and-mortar retail coincide with a spirit of innovation. This detail is probably one of the reasons the three gentlemen have combined their special … Continue reading
By Steffen Hofmann Fueled by scary dead mall experiences in their homeland, many North-American capital sources expect the European shopping center sector to face strong headwinds. UK-based fund managers have also stepped on the brakes for capital allocations in European … Continue reading
The clock is ticking: Istanbul New Airport is about to “take off” on October 29, 2018. The Turkish transport hub will initially accommodate 90 million passengers a year. But it is then supposed to blossom into the biggest airport in … Continue reading
CHINA Cofco Joy Breeze Benoy has recently announced that the design firm has won the international competition for the Cofco Joy Breeze project in Suzhou in East China. The scheme will be located in the center of Suzhou’s … Continue reading
Buoyed by a positive outlook among consumers and retailers alike, the majority of retail markets worldwide remained in good or very good shape during the second quarter of 2018. The ongoing economic boom is creating a number of lucrative growth … Continue reading
Almada Fórum, in Almada, Portugal, is the last property to be sold. Combined, the Rio Tejo portfolio represents the largest ever portfolio transaction in Portugal at over €900 million. Elmar Schoonbrood, Managing Director, Real Estate, at Blackstone, said, “The sale … Continue reading
After eight years of economic crisis, Greece left the European safety net ESM and returned to the stock exchange. That does not mean that the crisis is overcome yet. The country’s retail real estate industry was and still is affected … Continue reading
ACROSS: The real estate sector is responsible for approximately 40% of global energy consumption and emissions. What is Redevco’s reaction to that fact? CLEMENS BRENNINKMEIJER: That’s a good question. As an international real estate asset manager, we take this issue … Continue reading
Rowan Verwoerd, Redevco’s Portfolio Director Germany, explained: “A redevelopment directly in the downtown area has to be actively managed in order to minimize negative impacts on the historic value of the property, the neighborhood, and the people who live and … Continue reading
