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
BY JULIAN LONG We spend a huge amount of time working carefully with candidates to help them take control of the direction of their careers; often long before they eventually decide to move jobs. It may surprise some of you … Continue reading
The first half of the year was marked by a high level of shopping center completions – about 342,000 sq m entered the Moscow market, exceeding the record set in the first half of 2014 by 41%. According to JLL, … Continue reading
ACROSS: Please paint a short company portrait of El Ganso for us. CARLOS ROMERO: El Ganso is a family business founded by the brothers Álvaro and Clemente Cebrián in 2004. The two had discovered a niche in the Spanish market. … Continue reading
BY CAROLINE LAMY 2014 was the quietest year for new outlet centers since 1996 and hence Magdus & FSP explained in the first presentations how healthy the outlet industry was in 2015 and which growth opportunities existed in the European … Continue reading
What was previously only known in the hotel industry is now available for shopping lovers at SCS near Vienna: The Mall and its 330 stores have recently been awarded four stars. The quality seal inspired by the hotel industry includes … Continue reading
BY ELSA MONTEIRO Nowadays many companies focus on the economic return of sustainable business strategies and consider efficiency strategies a competitive advantage. Sustainable business approaches now play a major role from customer perception up to financial returns. As a consequence … Continue reading
On June 24, Wereldhave N.V. took an important step in its Dutch market and a major leap in realizing its strategy of becoming the leading specialist in mid-sized shopping centers in northwestern Continental Europe. The company announced that it has … Continue reading
BY BEN CHESSER Over the past decade, outlets and shopping centers have seen a shift, from simply renting space to shops, to being creators of shopping experiences; as a result, shoppers have come to expect more from their visits. The … Continue reading
Sonae Sierra recorded a net profit of €12.6 million in the first quarter of this year. This represents an increase of 7% compared to the result of €11.8 million in the same period last year. In addition to the significant … Continue reading
The study can now be obtained as eMagazine or as PDF Download. Purchasing power A total of approximately €7.75 trillion was available to consumers in the EU-28 countries in 2014 for spending and saving. This corresponds to a per-capita purchasing … Continue reading
The joint venture will own, manage, and develop store sites it acquires from, and which are primarily used by, Kesko Group. According to the framework agreement concerning the arrangement signed, Ankkurikadun Kiinteistöt will acquire 34 store sites and two shopping … Continue reading
Blackstone acquired these malls through the acquisition of the shares of the CG Malls Europe Fund. Multi owns and manages 25 assets in Portugal and Spain. The new additions to the portfolio are: Almada Forum in Lisbon, one of the … Continue reading
Ikano Retail Centers’ business in Finland, Norway, and Sweden will complement Ikea Group’s existing shopping mall presence in Russia, Europe, and China. With this move, the group aims at creating future retail destinations by anchoring shopping centers with Ikea stores. … Continue reading
The four objects are Le Due Valli and La Cittadella in the Piedmont region, Casetta Mattei in Rome, and Ibleo in Sicily. Pradera will act as the asset manager for the portfolio. Altarea Cogedim was advised by Giovanardi e Associati … Continue reading
New to the portfolio is the “Sarni Stok” shopping center, which opened in Bielsko-Biala in the Polish region of Silesia in 2001 and has over 73 retail units spread over a total area of approximately 31,243 sq m. The center … Continue reading
ACROSS: How were things when you began at ECE? HEINRICH KRAFT: Werner Otto hired me as Head of Investments in mid-1972. In fact, however, my role was more to assist him as he began to build enclosed shopping centers in … Continue reading
Emerging markets, particularly in Asia, have continued to dominate the shopping center development pipeline, with over 39 million sq m under construction at the end of last year. China accounted for over 60% of the pipeline, with Russia, Turkey, and … Continue reading
