The corona crisis makes even major players anxious. These days, investor and billionaire René Benko has to worry about his department store group Galerie Kaufhof and Karstadt. He is negotiating with the German government about aid funds. “Existential threat“ The … Continue reading
The ailing German electronics retail chain Media Markt/Saturn requests government assistance due to the corona crisis. The parent company Ceconomy said that the Group decided to request funding from the German Reconstruction Loan Corporation (KfW). There is no official information regarding … Continue reading
By Dirk K. Wollweber Despite using the lurid “hashtag“ as a header, I am not an influencer. My posts on various social-media platforms are way too text heavy. But in spite of my advanced age I understood that such a … Continue reading
The first part of the research of the Austrian consulting company Standort + Markt focused primarily on the daily average loss of revenue in Austrian shopping malls and retail parks (see the ACROSS article here: 29.7 million euros gross lost revenue … Continue reading
Fashion retailer H&M does not want to pay any more rent for its stores in Germany. The retailer claims that the corona crisis led to the shutdown of all of its 460 H&M stores. “This is why we also informed … Continue reading
Many things have been written about these issues over the last few days. We have yet to see where this journey will take us. However, I tried to summarize what I deduced from these past, very eventful days in 5 … Continue reading
By Thomas Mark I’m not a forecaster, but I am a student of people. As a global concern, we’ve been on high alert to the risks of coronavirus and the consequences of a crisis since it first made the news … Continue reading
All of intu’s centres in the UK and Spain are operating on a semi-closed basis. In line with the latest Government advice in both countries, only essential stores, such as supermarkets, pharmacies and banks, remain open. Rent for the second … Continue reading
By Steffen Hofmann First: Safeguard the occupancy rate, in particular if you were forced to temporarily shut down parts of your property or the entire center operation even. Don’t lose sight of the big picture! There will be trade again … Continue reading
By Klaus Striebich There are lot of things being said, written, and posted right now. The current corona crisis affects us in significant ways. That is the main difference between this crisis and previous ones, such as Lehman Brothers, the … Continue reading
Meyer Bergman, the private equity real estate manager, has appointed Josip Kardun as Chief Investment Officer as it looks to expand its mixed-use focus across core European cities, with an increasing shift towards the office, residential and leisure sectors.During his … Continue reading
The next edition of MIPIM in Cannes will take place March 16-19, 2021. The situation surrounding COVID-19 is changing daily and government measures are becoming increasingly restrictive. It is clear that holding a large MIPIM tradeshow in Cannes in June is … Continue reading
Test our new service right now! You can install the ACROSS Magazine App for free on your device with just a few clicks. Go to the Google Play Store with your Android smartphone or tablet or go to the App Store for iPhone and … Continue reading
By Lisa Quier Wagner The entire world is in the grip of an unprecedented and yet largely invisible threat at the moment, and the level of uncertainty around it is as crippling as the situation itself. In a world that … Continue reading
Scope’s outlook for the sector was negative for 2020 even before the coronavirus outbreak spread from China to Europe, so the confinement of a large share of Europe’s population to their homes and the forced closure of non-essential commerce comes … Continue reading
“Following the outbreak of the COVID-19 epidemic, the authority restrictions confirmed in our operating countries has substantially changed our business environment and the prospects for 2020 now look weaker than originally envisaged. It is likely that some new additional authority … Continue reading
The heaviest blows from the economic slowdown in the Dutch real estate industry are likely to fall on sectors most dependent on discretionary consumer spending, including retail — outside of basic daily necessities — hotels and restaurants, as well as … Continue reading
On the basis of the guidelines for dealing with the corona crisis laid down by the Federal Government and the heads of the Länder governments, the Länder and local authorities have now implemented official decrees with concrete requirements for the … Continue reading
NEPI Rockcastle provided an initial update concerning the impact of the COVID-19 related government measures on its activities in an announcement dated 17 March 2020. Since that date, the authorities in Romania, Serbia and Croatia have increased the safety measures … Continue reading
The result for the week before last –which began to reveal the potential impact of Coronavirus on consumer activity – pales into insignificance against the result for last week where footfall declined by -21.7% from the previous week, and by -28% … Continue reading
