PLANS OF INVESTORS AND OWNERS
250 million euros will be invested in the upcoming years.
Around €3.8 billion were invested in the German retail market in the first three months of 2017.
The company reports that the continuous increase in purchasing power in the region underpins the investment case in general and that for its acquisitions of Galleria Burgas and Galleria Stara Zagora in particular.
The Austrian capital is very popular with international retailers.
According to Savills, the Swedish capital is currently the most attractive destination in Europe for shopping center investments due to its reputation as a “safe haven” and its relatively affluent population.
BNP Parisbas Real Estate recently published “At a glance: UK shopping center & out of town retail market, December 2016.” One of the headlines is that investment volumes fell by around a third compared to 2015 for both the retail warehousing and shopping center markets.
Investment in German retail properties is declining. The transaction volume is increasing significantly only in retail parks. Retail parks currently offer good investment opportunities in the UK as well.
According to Stephan Austrup, Head of Retail in Germany at TH Real Estate, omni-channeling and digitalization are key drivers of change. In all acquisitions and in business plans for existing portfolios, he therefore considers the impact of this change on retail formats, retailers’ required floor plans, and whether the property provides the necessary layout flexibility.
TriGranit recently sold Bonarka City Center (BCC). CEO Árpád Török spoke with ACROSS, among other things, about a very eventful 2016.
The Scottish city has witnessed the highest number of new restaurant openings in the United Kingdom outside London. Anne Murray, Group Manager Inward Investment at InvestGlasgow, is helping retailers to use this to counter competition from the internet.
How the United Kingdom’s exit from the European Union will affect the British shopping center industry.
In this interview with ACROSS, Anne Murray from InvestGlasgow and Stephen Bibby from Cushman & Wakefield explain the Scottish city’s investment opportunities.
Shopping center investors have manifold expectations of their asset managers. Steffen Hofmann, Founder and CEO of iMallinvest Europe, knows all the specifics from his daily work.
German department stores are good investments - if you recognize the development opportunities, that is.
ACROSS EU 2016 Investment News
Transactions in the retail sector were dominant last year, accounting for around 55% of the total volume.
There are currently 189 shopping centers in Switzerland with sales area greater than 5,000 sq m. This includes five largest railway stations and airport shopping in Zurich/Kloten. Last year, there were just 182 centers.
An important metric used by real estate investors to measure the overall tenancy risks of multi-tenant properties like shopping centers is the Weighted Averaged Unexpired Lease Term.
Luxury labels pay “connoisseur’s price” of more than €400 per sq m per month for prime addresses in the center of Vienna.
ACROSS EU 2015 Investment News
