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Happy Holidays and very best wishes for the coming year 2025!
With 2024 coming to an end, it is also the time to get together with family and friends, relax, reflect, review the past year, and make plans for the coming year. Therefore, we close our office from December 23, 2024, to January 6, 2025. ACROSS wishes you Happy Holidays and a great start to the New Year! On January 7, 2025, we will return with the latest news and exciting insights for our readers.
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Special Issue “Where the Industry Stands in 2024”
The end of the year is always an opportunity to look back, perhaps question some things, but above all, to set the course for the future. It would be wrong to deny the problems and play down their impact, but the industry is generally in a better position at the end of 2024 than expected, reveals the latest ACROSS Online Special “#Retail Real Estate 2024 – Where the Industry Stands”.
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CHALLENGES OF ASSET MANAGEMENT IN 2024 (GLOBALLY) AND HOW TO FIND ANSWERS TO THOSE
2024 has been a challenging environment for the sector. German consumers have been caught between slow wage growth and wider political uncertainty. A weakened overall market in Germany also effects Potsdamer Platz. However, when consumer demand tightens you can still be successful if you have the right tenant mix, says Katharina Treiber, Senior Vice President Asset Management at Brookfield Properties Germany.
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NEVER STOP ADAPTING AND CONCENTRATING ON THE TOP PRIORITIES
As the year draws to a close, Reinhard Winiwarter, founder and publisher of ACROSS Magazine, and Klaus Striebich, Managing Director of RaRE Advise and Head of the ACROSS Advisory Board, pause to reflect on the retail real estate industry’s current state.
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“GO INTO THE MARKET AND BUY NOW”
Rüdiger Dany, CEO of NEPI Rockcastle, received the lifetime achievement award at the prestigious 19th SEE Property Awards. In 2024, he continued to write his personal success story and that of NEPI Rockcastle. Probably no other company performed as well as NEPI in 2024. Reason enough to talk to Rüdiger Dany about the highlights of his company as well as current developments and challenges.
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“CO-OPERATION BETWEEN ALL STAKEHOLDERS IS THE MOST IMPORTANT THING WHEN IT COMES TO OUTLETS.”
The European outlet market is saturated; there are only a few white spaces. Rioja Estates is one of the most experienced European pre-developers and, as such, the first authority to decide whether a location can work. Together with ACROSS publisher Reinhard Winiwarter, Giles Membrey examines the outlet market in 2024 and explains why all players should urgently address technology, and more.
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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.
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TICKER

THE LATEST PLACEMAKING NEWS

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MAGAZINE

LATEST ISSUE

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DEVELOPMENT

PROJECTS, TRENDS AND STRATEGIES

Food court design at CCA. /// credit: umdasch The Store Makers

umdasch To Design New Food Court At City Center Amstetten

The City Center Amstetten shopping center is planning a new food court area that will offer even greater culinary variety. umdasch The Store Makers, the Amstetten-based shopfitting and design expert, is responsible for the concept of the new food court.

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MANAGEMENT

LATEST TRENDS IN ASSET AND CENTER MANAGEMENT

credit: BALFIN Group

Publisher’s Recommendation: All (Western) Eyes on TEG and Albania

The Balkans remain largely overlooked in our industry, despite the region’s significant growth. I have always been keen on highlighting developments that go underappreciated but hold remarkable potential. The Tirana East Gate (TEG) in Albania is one such gem. Backed by the BALFIN GROUP, a highly successful and innovative developer, TEG is a standout that deserves attention for its promising role in shaping market trends in the region.

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OUTLETS

DEVELOPMENTS AND TRENDS IN THE OUTLET INDUSTRY

Giles Membrey is Managing Director at Rioja Estates. /// credit: Rioja Estates

MEASURING SUCCESS IN THE OUTLET BUSINESS: “CONSUMERS WANT MORE THAN JUST GOODS”

When it comes to measuring success, outlets are undergoing a noticeable change, with a gradual shift away from traditional KPIs – such as sales per square meter – and towards a more comprehensive assessment. These days, the critical metric for success is no longer how much revenue a store generates, but how much of an “experience” it provides per square meter, explains Giles Membrey, Managing Director, Rioja Estates.

credit: Rioja Estate/McArthurGlen/Hammerson

EUROPE HAS BECOME SATURATED, SO WHERE NEXT FOR OUTLETS?

In recent years, Europe has seen a proliferation of designer outlet malls, catering to savvy shoppers seeking luxury brands at discounted prices. However, the market in Europe is now showing signs of saturation, prompting developers and investors to look beyond traditional borders for new opportunities, says Giles Membrey, Managing Director, Rioja Estates. This shift is driven by various factors, including market maturity, consumer saturation, and the quest for untapped potential in emerging regions.

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RETAIL

STRATEGIES OF RETAILERS

Left-to-right: The Playce exterior, Berlin, and The Alchemist restaurant and cocktail bar at The Playce. /// credit: Rory Gardiner, The Alchemist

RETAIL’S RENAISSANCE BY BROOKFIELD PROPERTIES: A NEW PURPOSE NEEDS A NEW EQUATION

Over the past decade, the retail landscape has undergone a seismic transformation redefining the very essence of the sector. Customers’ expectations of convenience, personalization, experience, community, and sustainability have changed dramatically. The purpose of physical stores is being redefined, with goods and products taking a backseat to experiences. Today, successful retail destinations are those that cultivate connection, joy, and community.

credit: umdasch

umdasch The Store Makers Realises Austria’s Largest Duty Free Shop At Vienna Airport

With the expansion of the Gebr. Heinemann Duty Free Shop in Terminal 1 of Vienna Airport, umdasch The Store Makers is once again setting new standards in travel retail. The shop, which opened in September, offers travellers not only a larger selection of products, but also a unique shopping experience that meets the highest demands in terms of aesthetics and functionality – and all this on a total area of around 2,000 sq m.

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FOOD & BEVERAGE / LEISURE

LATEST TRENDS

Food court design at CCA. /// credit: umdasch The Store Makers

umdasch To Design New Food Court At City Center Amstetten

The City Center Amstetten shopping center is planning a new food court area that will offer even greater culinary variety. umdasch The Store Makers, the Amstetten-based shopfitting and design expert, is responsible for the concept of the new food court.

credit: RegioData

RegioPlan: How Much Investment Should Go Into Leisure?

In recent years, leisure expenditures and household income in Austria have changed significantly. Leisure activities like dining out and entertainment have gained considerable importance in the retail and real estate sector as well.

Will Odwarka is the Founder and CEO of Dubai-based firm Heartatwork Hospitality Consulting. /// credit: Will Odwarka, ACROSS

Will´s F&B Insights: The Demystification Of F&B Operation

As an international F&B consultant, I am constantly confronted with statements like, “It’s not rocket science; how difficult can it be, or everyone can run a restaurant?” So I will use this column edition to embark on a little journey with you. We have already established that hospitality experiences are more important than ever. When I started in this industry, we thought 6% F&B was a good rate; now, we are running developments at 20%.

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PROPTECH

RETAIL TECHNOLOGY

credit: Placewise

Centers and their tenants need a joint focus on the end user!

Susan Hagerty Bonsak is the new CEO of Placewise and, in this role, one of the recent members of the ACROSS Advisory Board. She strongly believes in footfall and the future of physical malls. In her first interview with ACROSS, she shares her view on the European shopping center industry, the importance of data connected with technology, and why a collaborative focus of all stakeholders is so important.

credit: BrainBox AI

Energy cost savings via AI: “Retail is where we can make the biggest difference”

Buildings are one of the main contributors to CO2 emissions: They are responsible for nearly 20% of greenhouse gas emissions worldwide. In addition, maintaining inefficient building systems costs real estate companies dearly. As Martin Gruber, Director Europe at BrainBox AI, explains, BrainBox AI is the market leader in Autonomous Decarbonization services to accelerate your decarbonization journey powered by Artificial Intelligence.

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INVESTMENT

PLANS OF INVESTORS AND OWNERS

Anchor tenant EDEKA at Eidelstedt retail park in Hamburg. /// credit: Union Investment

Union Investment Sells Retail Park In Hamburg To LHI Group

Union Investment has sold a retail park in Eidelstedt, Hamburg to the LHI Group. The property at Hörgensweg 5 in north-west Hamburg was added to the portfolio of institutional open-ended real estate fund UniInstitutional European Real Estate in 2007, making it one of the oldest holdings in the fund.

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EVENTS

WHERE THE INDUSTRY MEETS

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