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THE VITAL ROLE OF FOOD AND BEVERAGE AT MODERN MALLS

The F&B sector has changed significantly in recent years, not only in terms of the size of the market, but also in the variety and quality of the offering. As rents continue to rise in Europe, space previously dominated by fashion retailers is now being occupied by trendy gastronomic restaurants. People have evolved from collecting “things” to collecting “experiences”, and shopping centers have adapted to this change by improving and expanding their gastronomic offerings. Food and beverage (F&B) will play an even more crucial role in the success of retail real estate.

“Value and Quality – That’s What It’s All About”

The biggest challenge facing the F&B industry is the cost of doing business. While the coronavirus has run its course through the markets, operators are struggling to return to profitability in the face of current economic challenges. Ian Hanlon, Director of Coverpoint, explains how the current challenges can be addressed and highlights trends in the shopping center food scene using best practice examples from the industry.

“Invest in people, not just the look”

The European shopping center market overvalues design and investment but needs to pay more attention to atmosphere, interaction, and service, says Will Odwarka. This hurts the centers and especially their gastronomy section. The founder and CEO of Dubai-based Heartatwork Hospitality Consulting explains in his conversation with ACROSS editor Reinhard Winiwarter why excellent, personable service is the prerequisite for everything in the field of gastronomy.

credit: Time Out Market

WE RUN A BUSINESS OF ROCKSTARS

Time Out Market is one of the first food hall concepts in Europe. From Lisbon, it has expanded internationally. The list of interested parties, from cities, operators, and restaurants, who want to be part of this success story is long, but new locations are carefully chosen. Sandy Hayek, CEO of Time Out Market, and Ana Alcobia, VP Iberia, explain the USP of their concept, the criteria they use to select locations and restaurants, and why being a media house at its core is so crucial for their success.

credit: ECE

SHOPPING CENTERS: FLEXIBLE SPACES FULL OF OPPORTUNITIES

Today, more than ever, a first-class location, excellent management, and continuous further development are decisive for the future of a retail property. In addition to the location-specific sector and tenant mix, the gastronomic offer is crucial for success – as ECE Marketplaces shows.

Our Strength is the Mix

For a long time, the footwear market was one of the driving forces in the retail sector. Recently, however, hardly any other segment has seen as many insolvencies. However, where there are losers, there are always winners as well. In 2023, Deichmann is planning to make the highest corporate investment in its history – 500 million euros – and is investing in around 200 new locations worldwide.

credit: S. CHAMPEAUX / IMAGE&CO

MAPIC 2023 Award Winners: Honoring excellence, innovation and creativity in the retail real estate sector

This year’s MAPIC Awards honored winners across thirteen core categories, in addition to the People’s Choice categories and the winners of the MAPIC Academy—MAPIC’s inaugural start-up incubator sponsored by Nhood. The Awards reward exceptional retail brand performance and development, the latest cutting-edge solutions in sustainability and innovation, and the most recent real estate projects and redevelopments.

credit: MAPIC

“OUR JOB IS TO GIVE THE INDUSTRY A PERSPECTIVE.”

We are in the middle of a transformation, states MAPIC Director Francesco Pupillo. The changes in the retail world are also reflected in the changing role and face of MAPIC. This includes the presence and support of new players. But in the end, the purpose of the biggest industry fair stays the same: It is a dealmaking opportunity.

credit: ECE

SHOPPING CENTERS: FLEXIBLE SPACES FULL OF OPPORTUNITIES

Today, more than ever, a first-class location, excellent management, and continuous further development are decisive for the future of a retail property. In addition to the location-specific sector and tenant mix, the gastronomic offer is crucial for success – as ECE Marketplaces shows.

credit: Time Out Market

WE RUN A BUSINESS OF ROCKSTARS

Time Out Market is one of the first food hall concepts in Europe. From Lisbon, it has expanded internationally. The list of interested parties, from cities, operators, and restaurants, who want to be part of this success story is long, but new locations are carefully chosen. Sandy Hayek, CEO of Time Out Market, and Ana Alcobia, VP Iberia, explain the USP of their concept, the criteria they use to select locations and restaurants, and why being a media house at its core is so crucial for their success.

credit: RegioData

EVALUATION: EUROPEAN SHOPPING CENTERS AND THE ENVIRONMENT

For good reasons, there has been increasing attention in recent years on environmental protection, energy efficiency, the reduction of CO2, as well as the economical use of land and sustainability. This also applies to synthetic commercial zones states a new research report by RegioData.

ACSP Congress 2023 /// credit: ACSP

ACSP Congress 2023: The Future Model For Quarter Development

“Quarters are not defined by their developers, but by those who use, work, and live in them”, stated Christoph Andexlinger, Chairman of ACSP, and CEO of the Austrian shopping center market leader SES, in his opening speech at this year´s congress, which focused on city and town quarters, while presenting not only new ideas, but bringing numerous examples of quarters in practice.

Jovana Cvetković is the Development, TO, and Innovations Director at MPC Properties. /// credit: MPC Properties

“Contribute to the well-being of the community we gather”

“The bottom line is that we use a systematic and comprehensive approach to develop sustainable real estate.” This is how Jovana Cvetković, Development, TO, and Innovations Director at MPC Properties, describes the company’s principle of commitment to innovative and integrated business. In this interview, she explains the steps MPC Properties has taken and will take on the company’s ESG journey.

credit: NEPI Rockcastle

NEPI ROCKCASTLE: TENANT SALES AND ACQUISITIONS DRIVE STRONG GROWTH

NEPI Rockcastle’s net operating income (‘NOI’) rose 23% in the first nine months of 2023 (‘9M 2023’) to 365 million Euro, versus the same period of 2022, continuing the robust pace of growth since the end of the Covid pandemic. The main drivers of the strong performance were a combination of tenant sales performance and the contribution of the acquisitions completed in 2022.

credit: ECE Marketplaces

„Retail real estate is a stable and resilent asset class” 

“Despite the significant challenges of recent years, it is clear that retail real estate is a stable and resilient asset class,” says Joanna Fisher. In an interview with ACROSS, the CEO of ECE Marketplaces talks about the opportunities of a once again dynamic market, dealing with industry changes and ESG, and her goals as the new Chairwoman of ECSP.

DownTown Bursa Life and Entertainment Center /// credit: Fiba CP

DownTown Bursa Life and Entertainment Center, managed and leased by Fiba CP, has opened on October 27, 2023

Fiba Commercial Properties, who undertook the leasing and asset management of the shopping mall DownTown Bursa Life and Entertainment Center, has welcomed its visitors with exclusive brands for the first time in the famous city of Bursa. Fiba CP further enriches the region with its grand opening, showcasing nearly 200 brands that span both local and global markets, adding significant value to the area.

The new customer experience vision and masterplan strategy will be applied to 3 existing Cenomi centers in Riyadh. /// credit: Portland

Portland Design is Creating the Mall of the Future for Cenomi Centers

Portland is working with Saudi Arabia real estate developer Cenomi Centers on its “Mall of
The Future” strategy. At the heart of the project is a fundamental shift in perspective,
where the conventional role of the mall will be re-thought and transformed into a multipurpose, experience-driven lifestyle destination.

Credit: CLOSTERMANN DESIGN LTD

LEISURE AREAS IN SHOPPING MALLS: TRANSFORMING RETAIL SPACES INTO EXPERIENTIAL DESTINATIONS

Shopping Malls in the USA, Middle East, and Asia are not just places to shop but have emerged as epicenters of social interaction, thrill, and recreation. Europe is on the brink of embracing this trend, says Matthias Clostermann, Owner and General Manager at Clostermann Design. Therefore, malls across the continent are inching towards becoming entertainment hubs. But there is still a lot of hesitation.

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