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Market Update: Turkish Retail Real Estate Market

The pandemic might be a topic causing fatigue for some, but the fluctuations and changes in the market are exciting to experience and full of positive developments. How have we survived this ever-changing world? What has changed, what can we learn? Let’s look at the fast and exciting flow of 2021 in this overview of the Turkish retail real estate market.

URW Germany awarded as Top Employer 2022

For the fourth year in a row, Top Employers Institute has recognized Unibail-Rodamco-Westfield (URW) as a Top Employer in Germany. The independent institute’s award is based on a certification process that identifies companies worldwide which place their employees at the center of their corporate activities.

Sustainability

Sustainability | Stay well informed on the issues of today and tomorrow!

Chase The Right Numbers

Racing after numbers, reading year-end reports, statistics and percentages: this chase is not but characterized by a kind of tunnel view, which limits the possibilities of growth. If you want to adapt, you need to consider every aspect of your target audience to keep on top of the changes in consumer behavior. Footfall is reflecting your detailed expertise, not producing it. What businesses need is direct connection to their customers: establish a relationship, explore needs and demands, and use the right tools to aid this pursuit.

LCP appoints Ben Chislett UK Head of Retail

LCP has appointed Ben Chislett as UK head of retail after they invested more than €323 million in retail assets, from local convenience parades to regional centers, in 2021.

2021 welcomed 38 new brands to the Czech market

The Czech retail market and physical retail segment remain attractive for retail brands, as the arrival of 38 new international brands last year confirms: this is the highest number in the last three years.

Slovenia’s First Outlet Shopping Village Coming In 2023

The project is developed by HG Invest in cooperation with FOC Retail Service GmbH and Outlet Evolution Services. On an area of more than 20,000 sq m, 70 shops and several hundred new jobs will be created in two phases. Its first phase will be opened in 2023, phase two is scheduled for 2026.

Benko’s Signa acquires department store icon Selfridges

After months of speculation in London about who would acquire the iconic Oxford Street department store, the deal is now sealed: Thailand’s Central Group and Austrian investor René Benko’s real estate group Signa Holdings have bought Selfridges Group for around four billion pounds. Central and Signa will each acquire 50 percent of the luxury department store group.

IPH Group appoints Jürgen Kreutz as Managing Director Transactions

IPH Handelsimmobilien GmbH is strengthening its transaction lineup with the appointment of Jürgen Kreutz (56) as Managing Director Transactions. In this leading position, he will expand the group’s transaction business nationwide and with his experience in the high-street segment, his focus is on inner-city retail locations.

Immofinanz’s retail park brand Stop Shop grows in Croatia

Following its market entry in Italy, Immofinanz is continuing the expansion of its STOP SHOP retail park brand in the Adriatic region. In Croatia, the number of retail parks is to be increased from currently four to more than 20 locations in the medium term.

Altera buys convenience center in Helmond (NL)

Altera Vastgoed NV has purchased the Brouwhorst neighbourhood shopping center in Helmond. The object is an open-air convenience center servicing the local community and was built in 1987. It consists of six blocks and was partially renovated in 2015.

MK Illumination celebrates delightful success

MK Illumination records strong growth for 2021 not only in its home markets, but worldwide. The Tyrolean company is writing the most successful year in its history with sales of €140 million in 2021.

Elephant Park joined by four east Asian brands

Lendlease has announced the signings of e-sports café Wanyoo, Taiwanese tea specialists YiFang, and restaurant & bar Oisoi, which have taken an inter-connected unit spanning over 557 sq m, and will be joined at Elephant Park by sushi and hot food outlet Kokoro.

CBRE sells BIG Shopping Park in Copenhagen to M&G

CBRE Investment Management, on behalf of the European Co-Investment Fund (ECF), has sold BIG Shopping Park in Copenhagen, owned in a joint venture with Portus Retail Partners to M&G Real Estate–part of M&G plc’s £65 billion private assets and alternatives business. The sale represents one of the largest European single-asset retail transactions.

MAN MUST EAT! – The (increasing) importance of food anchors for the placemaking industry

The global clash of digitalization and the pandemic is shaping the economic development of the 20s of this century. It has also led to profound structural changes of historic proportions. The consequences for retail and its accompanying services are equally dynamic and controversial. Food purchases at brick-and-mortar stores increased by 10 percent or more across Europe in 2020 as a result of the pandemic. At the same time, purchases of consumer durables, such as clothing, home electronics, home accessories, toys, sports, and leisure items increasingly shifted from offline to online retail.

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