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shopping center

credit: merry hill/Portland Design

RE-INVENTING SHOPPING PLACES

How can shopping places become “future ready” by responding to the rapidly changing retail landscape and the future behaviors and expectations of their audiences? An analysis by Ibrahim Ibrahim, Managing Director of Portland Design.

Bicester Village (left), Ken Gunn (right) /// credit: Bicester Vilalge, Ken Gunn Consulting

The Importance of Retail Mix: Some Pointers from the Outlet Industry

Consumer criticism of shopping centers is nothing new, states Ken Gunn, Managing Director of Ken Gunn Consulting. As a retail business consultant, advising investors and asset managers, he has reported survey-based dissatisfaction with the proposition, branding, and management of shopping centers for 30 years.

Pepco at Forum Hanau. /// credit: digitalnaturals

Pepco Opens New Store At Forum Hanau

New highlight at Forum Hanau: on Friday, February 23, 2024, the renowned European retailer Pepco opened its doors for the first time on the second floor of the shopping center.

Schuh Bode in Hamburg, Germany. /// credit: Twenty One Media

Schuh Bode Opens Branch In Hamburg´s QUARREE Wandsbek

Since February 24, Schuh Bode has been enriching the fashion offering at QUARREE with a wide range of brand shoes for men, women and children on over 500 sq m of retail space. Family-run for five generations, the Hamburg shoe company fits in perfectly with the tenant mix of the center in the middle of Wandsbek.

credit: NEPI Rockcastle; Bellier Financial

NEPI Rockcastle Delivers Record Financial Results for 2023 with Net Operating Income Jumping to €491 million and recurring DEPS up 17.1% on 2022

NEPI Rockcastle generated the highest distributable earnings per share in its history in 2023, exceeding the previous record set in 2019. This marks not only a complete recovery from the effects of the Covid-19 pandemic, but also a sustainable step-up in performance determined by continuing investments in its portfolio. Throughout the year, the Company updated its earnings guidance to the upside as management took note of the strong results coming in. Even so, the 17.1% increase in recurring DEPS achieved (9.3% on a nominal basis) exceeded its latest update.

Reserved at Westfield Stratford City, London. /// credit: Reserved

RESERVED opens flagship store at Westfield Centro

RESERVED is continuing its flagship store expansion and will open a store at Westfield Centro in mid-2025. As part of LPP SA, one of the fastest growing fashion companies in Europe, RESERVED is pursuing the goal of being represented in the most important shopping centers in Germany.

Left to right: Promenade Mall, Bucharest, Romania; Promenada Plovdiv, Bulgaria; Bonarka City Center Mall, Kraków, Poland; Ploiesti Shopping City, Romania. /// credit: NEPI Rockcastle

NEPI Rockcastle: Ambitious Development And Refurbishment Investment Pipeline

NEPI Rockcastle, Europe’s third-largest listed retail real estate company and the biggest owner and operator of shopping centers across CEE markets by value, is to invest around 600 million Euro in its development and asset refurbishment pipeline to meet strong demand from retailers aiming to tap into the region’s increasingly affluent consumer base.

Forum Schwanthalerhöhe (left), Forum Hanau (right) /// credit: HBB

Sustainable Reorientation of Shopping Centers

Online retail continues to change the shopping landscape, and people have adapted their leisure behavior as a result of the pandemic. Consequently, the role of shopping centers needs to be rethought. Shopping centers are no longer straightforward “shopping machines”, but must prove themselves as sustainable and versatile community centers, argues HBB.

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.

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: 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.”

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.

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THE RETAIL AND HOTEL INDUSTRY - A LONG-LASTING LOVE STORY?
From fashion capitals selling luxury products to bustling marketplaces peddling local goods, the shopping available at certain destinations is a powerful draw for many tourists. Shopping and vacations have always been closely linked. In the same way, the retail and hotel asset classes have always been interdependent.
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