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THE LATEST PLACEMAKING NEWS

Union Investment bundles digital business for the real estate sector in-house

Due to the current market environment, Union Investment intends to focus even more strongly on its core business. For this reason, Union Investment has decided to discontinue the digital ecosystem based on the “Run this place” app at the end of the almost three-year pilot phase and to dissolve the technology spin-off Union Investment Real Estate Digital GmbH at the end of April 2024. The digital expertise for the real estate sector will be pooled internally.

credit:paul smith

Paul Smith closes all stores in Germany

Inflation and consumer restraint following the pandemic made the company’s own bricks-and-mortar stores in prime locations such as Munich’s Luitpoldblock and Hamburg’s Hohe Bleichen increasingly unprofitable.

credit: MK Illumination

MK Illumination as trendsetter: The world bathed in Tyrolean Christmas light

Despite a challenging market environment across the board, the Tyrolean lighting artists from MK Illumination were able to achieve some real highlights this year. With revenue estimated at 165 million euros, the globally active company will have had the most successful year in its history once again.

The Kaufland companies in Germany present their commitment to sustainability with the publication of their first sustainability report. /// credit: Kaufland

For more sustainability: Kaufland publishes its sustainability report

Kaufland’s companies in Germany are presenting their holistic commitment to sustainability in detail as part of the Green Week with the publication of their first sustainability report for the 2022 financial year (March 1, 2022 to February 28, 2023). The report provides information on the goals, measures and structures Kaufland has created in Germany. The focus is on shopping more consciously, conserving resources, protecting the climate and strengthening society.

Viladecans The Style Outlets F&B Plaza. /// credit: NEINVER

NEINVER unveils new look for F&B Plaza at Viladecans The Style Outlets

NEINVER has put the finishing touches on the revamped F&B Plaza at Viladecans The Style Outlets, the only outlet center in the Barcelona Metropolitan Area. Aimed at rejuvenating the center’s main social and leisure zone, the refurbishment has resulted in enhanced terraced dining areas, seating and events spaces, contributing to a more all-round shopping experience.

Footfall in ECE centers in Germany up by nine percent. /// credit: ECE

ECE Marketplaces increases leasing performance in the shopping centers to 800,000 sq m of leased space

Shopping center operator ECE Marketplaces achieved a strong leasing performance in 2023 and once again increased the leased space in its centers. In total, ECE Marketplaces achieved a leasing performance of around 800,000 sq m in the centers it manages and leases in 2023, an increase of almost 50 percent compared to the previous year. ECE concluded a total of around 2,600 lease contracts in 2023.

credit:bree

The German brand Bree is insolvent

The first insolvency application was filed back in 2019, but this was averted thanks to the entry of Portuguese automotive supplier Coindu.

credit:Lloyd

Swiss Arklyz Group is the new owner of Lloyd

Arklyz Group AG, based in Stans, Switzerland, will strategically align the company in the wholesale and omnichannel sector in future and also drive forward its internationalization.

Credit: MULTI Germany

Multi Germany: “Small but Big”

“Multi Germany feels small and agile, but it enjoys all the advantages of a large group,” says Jörg-Michael Zimmermann. In Zimmermann, Multi has hired a new Head of Germany who, as a result of his mix of experience can take a 360-degree view of retail real estate. His motto is: “There are neither good nor bad locations. Every asset has specific challenges for which individual solutions need to be found.”

Rendering of the entrance area of the new Dreieich Nordpark. /// credit: MEC

MEC rents 172,000 sq m of total space in 2023

MEC has achieved a new rental record: The retail real estate specialist and national market leader for the operation of specialist retail centers was able to conclude over 258 new and follow-up rental agreements with a total area of 172,000 sq m in the past financial year.

Westfield-Hamburg-Überseequartier. /// credit: moka-studio, URW

Opening of Westfield Hamburg-Überseequartier on April 25, 2024: Letting rate for retail, dining and leisure area now at almost 90 percent

Unibail-Rodamco-Westfield (URW) announces the grand opening date of April 25, 2024 for the mixed-use quarter in Hamburg’s HafenCity. This will mark the peak of the project development and give the city of Hamburg a new vibrant location in the heart of HafenCity – a new piece of the city that dynamically combines all aspects of life such as living, working and leisure.

Will’s F&B Insights: The Inconvenient Truth of Customer Satisfaction and Memorable Experiences in Retail Spaces

It is a complex task to ensure project profitability. There is a struggle between doing what is right and what is reasonable. As an expert in the world F&B development Will Odwarka, founder and CEO of Dubai-based firm Heartatwork Hospitality Consulting, states in his newest column: “However, in an ever-growing and competitive landscape, it is crucial to establish distinguishing factors that are recognizable and embrace them wholeheartedly.”

credit:wormland

Wormland has filed for insolvency

The men’s fashion chain Wormland operates twelve stores throughout Germany and employs around 400 people. The process is due to be completed in summer 2024.

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Retailtainment: How To Increase Experience Per Square Meter
Retailers who can always find answers to consumer needs will survive. We have dedicated this “Special” to these locations: retail concepts and locations that stage themselves for the customer, appeal to all their senses, create a holistic experience, and whose success can no longer be measured in mere sales figures.
Go to Special