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
Redevco has recently renovated its “Nieuwstraat 23-29” asset in Brussels. The property has been a C&A store since 1964 and is situated on the main downtown shopping street. Redevco has cleaned up the iconic façade, which features typical concrete frames … 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
Less is more. This was one of the approaches Redevco followed when redeveloping a property on the well-known Mariahilfer Strasse in Vienna. The 1970s, somewhat obsolete Generali Center, which included 26 small shops, has become MAHÜ77, which features three flagship … Continue reading
L’Espace du Palais, the 10,000 sq m retail property comprising 30 units in the heart of Rouen, will be revitalized with the aim of offering a complete and improved shopping experience. With a strong catchment area of 525,000 inhabitants, the … Continue reading
In July of last year Redevco Iberian Ventures, the joint venture between Redevco and Ares Management, acquired Mercado San Miguel for €70 million. The renowned, covered gastronomic market is a tourist attraction in the heart of the historic center of … Continue reading
Redevco has launched the redevelopment works of the C&A department store located at 18 Septemberplein in the southern Dutch city of Eindhoven. The company is transforming the 9,000 sq m of retail space, currently spread over four floors, into a … Continue reading
Planning for and obtaining the right permits and approvals, after having found and purchased a suitable asset, is a key phase in the entire (re)development project that requires robust risk analysis. It is similar to playing chess on numerous boards, … Continue reading
ACROSS: AT REDEVCO, WHAT IS LOCATION SELECTION BASED ON? BART VINK: Redevco chooses to invest in carefully selected cities and locations with enduring qualities that will appeal to future generations. The way we identify those locations, is based on a … Continue reading
ACROSS: You have recently celebrated your 150th anniversary. What do these one and a half centuries signify to you as the CEO? SILVIO KIRCHMAIR: As the CEO, it is a great honor to be able to support the Group’s shopfitting … Continue reading
By Patrick Burkert Let’s start with the nature of the pop-up store’s original concept: Here today, gone tomorrow. Pop-up stores are temporary concepts utilized by emerging or established brands and retailers that use live marketing, special sales, or creative events … Continue reading
