BY JUHA TIURANIEMI, JOHANNA AHO, AND MIKKO ÖSTRING During the last decade, 39 new shopping centers opened in Finland, increasing the total number of shopping centers to 92 at the end of the year 2014. Shopping center GLA has increased … Continue reading
BY GARY BURROWS Belarus is a country of understatement and natural reserve, which is reflected in the quiet, confident, and yet unassuming collective personality of its people. Some of the amazing things that occur in Belarus are rarely covered by … Continue reading
The majority of European shoppers (88%) want a good range of retailers and an inclusive shopping experience when deciding where to shop. Cleanliness, price, and convenience remain the most important factors for all consumers, but the importance of a social … Continue reading
The total sales of the top 1,000 online shops in 2013 were a cool €30 billion, an increase of 4.1%. This is only about a quarter of the growth rate achieved in 2012 (16.1%). “Despite the significantly slower growth of … Continue reading
“When we talk about retail investments, Prague is just as trendy as the rest of Europe,” says Carlo Gradl. And Gradl should know: After all, the real estate expert, who is founder and director of the real estate consultancy firm … Continue reading
The Eureb-Institute (European Real Estate Brand Institute) is a leading platform for the financial and behavioral evaluation of brands in the real estate industry. The panel includes the relevant corporate, service, project, and location brands. The Institute, based in Berlin … Continue reading
KL, as the locals call their city, generally refuses to be classified along with other major Asian cities. The capital, with its population of 1.6 million, is as diverse and colorful architecturally as its population, consisting of Malays, Chinese, Indians, … Continue reading
BY ANDRÁS MAKÓ AND JUDIT BALATONI KISS Pharmacies, petrol stations, shops at international bus stations and international airports, as well as markets, fairs, tourist service providers, catering and hotel facilities, and shops at World Heritage Areas may remain open according … Continue reading
While consumer confidence has slipped back a little in recent months, Savills’ experts, in the “UK Shopping Center and High Street Bulletin, Q 4/2014,” continue to believe that 2015 will be the first year of a robust consumer recovery across … Continue reading
The German investment market for commercial real estate was very dynamic at the beginning of the year. In total, €3.2 billion of objects changed owners, a growth in turnover of one third when compared to the same quarter last year. … Continue reading
ACROSS: ATRIUM’S PORTFOLIO ROTATION IN THE CZECH REPUBLIC STANDS OUT. HOW DOES YOUR PORTFOLIO STRATEGY LOOK IN THAT COUNTRY AND MORE GENERALLY? JOSIP KARDUN: The Atrium real estate portfolio is almost €3bn in value and we have about 380 employees. … Continue reading
The current footfall is 10.5 million and continues to grow. Cushman & Wakefield advised Orion Capital Managers. Partner, Head of Capital Markets Retail in Cushman & Wakefield, Rupert Lea commented: “Plenilunio is the major shopping center for all retailers looking … Continue reading
The mall was developed by TriGranit Development Corporation, one of the largest privately owned development corporations in Europe. The loan for Bonarka City Center was closed on February 27, 2015. Opened in 2009 with a total area of around 92,500 … Continue reading
The property has a gross floor area of 115,000 sq m and is located on the site of a former military barracks in the center of Prague’s old city. “We were able to take advantage of the currently very high … Continue reading
The acquired portfolio includes seven well-known office and retail properties in Tallinn, Riga, Vilnius, Kaunas, and Klaipeda totaling approximately 112,000 sq m of lettable space, as well as the large Young City urban regeneration site on the Gdansk waterfront including … Continue reading
The property is to be acquired on behalf of TIAA-CREF and represents its first acquisition in the Nordic region. The mall comprises a 19,847-sq-m shopping center, a complementary adjacent 6,137-sq-m retail park, and around 1,500 parking spaces. Constructed in 2002, … Continue reading
The asset has been acquired by the Baltic Opportunity Fund, managed by Northern Horizon Capital. The value of the deal was not disclosed. The mall is located in the business hub in central Vilnius and has some 22,600 sq m … Continue reading
BY MANUEL JAHN We estimate Germany’s retail park market, consisting of 250 retail parks, to be worth around €12 billion based on object-specific sales area productivity and feasible rent-to-sales ratios. With a 20% share of current transaction volumes within retail … Continue reading
The transition of the object, built in 2005/06, to TLG’s portfolio is scheduled for January 31, 2015. The retail park is located on Berlin’s Adlergestell, an important axis between Alexanderplatz and the new Berlin Brandenburg Airport in the southeast. The … Continue reading
The acquisition was financed using existing cash resources and is in line with Atrium’s strategy to become the dominant player in its core markets of Poland, the Czech Republic, and Slovakia through purchases of strong income-producing shopping centers that complement … Continue reading
