Retail Archives - Page 23 of 39

Hoka opens the first store in Europe

The running shoe specialist, which belongs to the U.S. company Deckers, is now represented at 2-3 James Street in Covent Garden in London with a store measuring around 240 sq m.

International Brands Drawn to NEPI Rockcastle’s €136 million Promenada Craiova, the Largest Retail Real Estate Development Opening in CEE Markets in 2023

NEPI Rockcastle’s €136 million Promenada Craiova development in central southern Romania officially opens its doors today. The retail scheme has attracted a host of international brands and is the largest retail development by size and investment value opening in Central and Eastern Europe in 2023, according to CBRE.

Leasing success for urban mixed-use project LU: in Mainz

The anchor tenant for the LU: project in Mainz has been determined. In the urban mixed-use project development by J. Molitor Immobilien GmbH and Sparkasse Rhein-Nahe, one of Europe’s most successful sports retailers, Engelhorn Sports, is opening its first store in the Rhine-Main area.

Traditional shopping center in Linz undergoes transformation through new construction

In addition to the shopping center, an entire city district of approximately 40,000 sq m is to be developed.

Place of the Week: Westfield Mall of Scandinavia

The biggest shopping center in the Nordics, the Mall of Scandinavia is a combination of innovative and traditional design. Opening in 2015, the center received a very positive reception, with over 40,000 people visiting already on the first day. In 2019, Uniba-Rodamco Westfield obtained the center, changing its official name to Westfield Mall of Scandinavia.

Galeries Lafayette will close in Berlin at the end of 2024

After 30 years, the only German location of the Galeries Lafayette department store chain in Berlin’s Friedrichsstraße is finally coming to an end.

Birkenstock expects to receive up to 1.58 billion US dollars in its IPO

Birkenstock plans to offer a total of nearly 32.3 million shares of its parent company Birkenstock Holding Limited in the IPO, according to a statement from the German footwear supplier.

8,300 sq m Photovoltaic System enables Shopping Center to generate its own Sustainable Electricity

SES/VARENA Vöcklabruck commissions one of the region’s most powerful solar power systems.

Premiere of New Balance’s shop concept at Westfield Stratford City in London

New Balance employs around 8,000 people worldwide and has announced a turnover of 5.3 billion dollars for 2022. The factories are mostly in New England, but one is in Flimby, Great Britain.

11teamsports Group acquires the French B2B team sports expert Ô Sports

Ô Sports, the market leader in the French B2B team sports market with a focus on ball sports such as handball, soccer, basketball and rugby, among others, will be fully integrated into the 11teamsports Group.

Kurt Geiger opens flagship store in Oxford Street London

The newly opened store of the premium shoe retailer covers around 270 sq m and is located in a prime location at 272-274 Oxford Street.

Philipp Plein started Italy rollout in Bergamo

The first flagship store of Plein Sport in Italy was opened on an area of about 120 sq m in the Orio Center in Bergamo.

Marc O’Polo takes over retail- and wholesale business in Switzerland

The transition to the Marc O`Polo Group is to be completed by September 1, 2024.

The center of Vienna has a new luxury highlight: Hermes has opened its new, exclusive location

After a lengthy renovation phase, the completely renovated flagship store in the heart of Vienna was reopened last week.

12th Retail Forum Switzerland: Experience the future of retail at first hand

The 12th Swiss Retail Forum for the retail, commercial real estate and shopping center industry is just around the corner and promises to be an exceptional experience for industry professionals and interested parties. On November 7, 2023, leaders from a variety of fields will come together to provide world-class insights, practical knowledge and invaluable networking opportunities.

Jaeger-LeCoultre opens first store in Germany

When it was founded by Antoine LeCoultre in 1833, Jaeger-LeCoultre officially became the first watch manufacture in the Vallée de Joux to unite all aspects of watchmaking under one roof.

Tom Tailor launched new store concept at Westfield Donauzentrum Vienna

The test phase of the new design will be carried out at a total of eight locations in Austria and Germany before aiming for a rollout next year.

Building for the future: Kaufland tests wood and recycled building materials

Kaufland intends to significantly reduce CO2 emissions in the future in the construction of new stores and for modernization measures. Currently, the retailer is testing various alternatives to materials such as concrete and steel at pilot locations. In Bratislava, the company is opening the largest timber store in Slovakia, while in Tuttlingen, Baden-Württemberg, a store is being built using recycled building materials including items such as walls, the facade and the parking lot.

Travellers’ Choice Award: Designer Outlet Parndorf Again Among The Top 10 Percent Of The Most Popular Sights In The World

McArthurGlen Designer Outlet Parndorf has once again been awarded the prestigious “Travellers’ Choice Award” from the travel platform Tripadvisor. This means that, after 2021 and 2022, the center is once again ranked in the top 10 percent of the world’s most popular attractions.

Retail real estate: increasing pressure to modernize

The German transaction market for retail space recorded a low transaction volume of around EUR 2.8 billion in the first half of 2023 – compared with around EUR 7.8 billion in 2022 as a whole. Overall, it can be seen that online retail is having a negative impact on the development of sales in stationary retail even after the Corona pandemic. However, stationary retail for everyday needs in particular, such as retail parks in residential areas with a high population density, is proving robust and benefiting from the new situation. These trends extend much further than just Germany, as similar patterns can be recognized on other European markets as well.

The ongoing opportunity in retail parks

Many of the headwinds that have buffeted the global economy over the past 12 months remain very much at the forefront of investors’ minds. However, in tandem with this, investors like Mitiska REIM are also seeing a number of structural tailwinds in support of retail parks and wider convenience real estate.

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