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Mall operators with large portfolios of retail destinations that embrace e-commerce next year will generate a billion dollars in sales by 2025, according to Coniq’s recently published industry predictions for next year.

Icon Outlet at The O2 has announced British multinational brand, Next, is the latest retailer to join its premium outlet offering. As one of London’s leading shopping destinations, Icon Outlet welcomed the new store last week, joining over 60 other brands including Lacoste, Hugo Boss, Tommy Hilfiger, Levi’s, and GAP.

Asset Management Directors Diederik Bakker and Harold van Riel and their asset management teams work closely together at Multi Corporation. This major pan-European retail service platform manages and redevelops retail properties across 14 countries in Europe and Turkey. How do they maintain sustainable asset value in a health crisis such as the current Covid-19 pandemic?

Shopping centers have been facing a growing number of challenges in the last few years, with many retailers failing to adapt quickly enough to competition from online retail platforms and changing customer habits that reflect new priorities and expectations. Chapman Taylor Group Board Director Jon Hale and Prague Studio Director Filip Pokorny examine how malls in CEE must adapt so that they can flourish in the coming years.

The tenant mix in Galeria Awangarda (Bartoszyce, Poland) is reinforced by well-known international brands. For instance, Rossmann (Europe’s largest retail chain of make-up, household goods, foodstuffs) and Pepco (a chain of discounted clothing and household goods) have signed lease agreements for five years and will occupy areas of 440 sq m and 540 sq m, respectively. The opening of Rossmann store is scheduled for February 2021. Pepco’s – during the second half of the next year.

With a focus on providing the community with a relevant and essential offering, Sloane Stanley are pleased to announce that Farm Fetch, a food boutique with the soul of the farmers market, will be opening their first concept store at 259 King’s Road. In addition, independent luxury chocolate brand, Melt Chocolates, has opened a pop-up kitchen at 340 King’s Road.

GTC has appointed Malwina Pawłowska to the position of Head of Marketing & Communication, the appointment is dictated by her extensive and in-depth sector knowledge.

Retail parks and hybrids have weathered the storm of the crisis relatively well due to their high proportion of local supply. Nevertheless, in the vortex of the coronavirus crisis, the issue of sustainability seems to have fallen by the wayside in many cases. That picture, however, is deceptive. The necessary (re)alignment of retail parks and other agglomerated retail real estate properties makes it necessary for ESG criteria (environment, social, governance) to be taken into account. The following “Top 5 Lessons Learned” were taken from a recent publication on retail parks in Germany*.

Both, VIA Outlets and Neinver have been awarded a 5 Star Rating in the 2020 GRESB Real Estate Assessment. The highest GRESB score available, it is a recognition for being an industry leader of sustainability and represents entities placed in the top 20 percent of the benchmark.

Sustainable retail real estate is extremely popular with investors and operators these days. SES Spar European Shopping Centers is playing a pioneering role in this area throughout Europe.

Recruitments, promotions and appointments…

The Urban Land Institute (ULI) has announced the appointment of Denis Sokolov, Partner and Head of Research and Insight at Cushman & Wakefield, as Chair of ULI Russia – one of 14 European National Councils.

Ingka Group reported a total revenue figure of EUR 37.4 billion (EUR 39.2 billion FY19) for FY20i across its three business areas (IKEA Retail, Ingka Investments and Ingka Centres), despite the challenges presented by the COVID-19 pandemic. The company remains guided by its commitments to people and planet and has continued to accelerate investments in online and sustainability – and to make strides on its transformation journey.

“On high streets, we might expect light, bright, and welcoming spaces designed for casual gamers, which reflect the synergies between gaming and other creative industries.” | By Nicky Wightman

Shopping Centers in the Baltics amid Covid-19: Visitor Footfall Is Down, Though More Is Being Spent per Visit.

Following an investment in the amount of 70 million euros, Supernova Ljubljana Rudnik has entered a new phase of development, becoming one of the largest shopping centers in Slovenia. The completion of all work is scheduled for the second quarter of 2022.

The shopping center and management division of Abu Dhabi-based Lulu Group International, Line Investments & Property LLC, boasts a portfolio of malls through the Gulf and India. +++ TribecaCity in Mauritius continues to rise up out of the ground, with good progress being made on the scheme’s basement levels. Benoy is delivering architecture, interior design and master planning for the 150,000 sq m project. +++ The Netherlands-based design firm MVRDV has released details about Glass Mural in Detroit, USA.