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Retail | Europe


According to new insights from CBRE's newly released The Future Of Retail 2030 report, shopping centers of the future will become just 'centers' by reinventing themselves as mixed-use destinations and adding healthcare, educational and leisure uses.


Three-year refurbishment will help tailor store to shoppers from China and south-east Asia


Zara’s new flagship store in its hometown here illustrates part of the fashion retailer’s strategy to stay ahead of its rivals: focusing on bigger brick-and-mortar stores and an online expansion


The Arcadia Group has agreed a deal with the Jervis Shopping Centre in Dublin to operate a new 20,000 square foot flagship Topshop / Topman store. Savills describe the deal as a 'major retail coup for Dublin'.


Docklands site to be developed for retail use and student accommodation


Addington Capital, in partnership with the shopping centre owner EPISO, an opportunity fund advised by Tristan Capital Partners, has completed the total redevelopment of the former M&S unit at the front of its Harvey Shopping Centre in Harlow, Essex and announces a series of eight lettings in the new space.


At the end of Q3 2016, modern retail stock in Poland totaled 13.11 million sq m with shopping centres accounting for 9.3 million sq m, retail parks and warehouses – 3.59 million sq m, and outlet centres – 0.21 million sq m.


In H1 2016, total modern retail stock in Poland rose to more than 13.5 million sq m GLA. The key trends include new shopping centre and retail park openings in cities below 100,000 inhabitants and the growth of the outlet centre sector in agglomerations with 200,000–400,000 inhabitants. Cushman & Wakefield, a global real estate services firm, presents its data on the Polish retail market in H1 2016 in its report Property Times: Increased market competition calls for a quick response.


The Bern train station is the top-selling Swiss shopping center. Last year, per m² business area, almost € 25,000 were converted. In second place - with a respectable distance (€ 21.88 per m²) is the Zurich main station; third is the Geneva train station Geneva-Cornavin.


With developers eager for a slice of Phnom Penh pie, is the city’s growth spurt too quick?


According to a retail snapshot by Cushman & Wakefield, the Czech economy continued its upward trajectory in Q2 2016. The unemployment rate dropped to 4.2% in Q1. Consumer prices edged up 0.1% year-on-year in June and retail sales rose 5.7% in April and 4.0% in May 2016.


European shopping centre development completions in the first six months of 2016 totalled 1.3 million square meters (sq m) with a further 9.4 million sq m of new retail space under construction, according to the latest research from global property advisor CBRE.


According to various media reports, the sale of the shopping center Friars Walk seems to be off. Queensberry Real Estate wanted to sell the center located in Newport for approximately €132.76 m (£110 million) to a Canadian investor.


Benson Elliot Capital Management has final close of its pan-European fund Benson Elliot Real Estate Partners IV. The fundraise was over-subscribed, exceeding an initial target for the Fund of €600 million.


Merlin issues $1.9 billion in stock; commercial assets merged
Metrovacesa owners get majority stake in residential business


GfK forecasts a slight nominal growth of 0.8 percent in Germany's stationary retail turnover. The study reveals that retail potential varies significantly from region to region.


At present, there are some 590 million square metres of retail space in Europe.


CBRE Global Investment Partners (GIP) and Sonae Sierra have established a programmatic venture to own and operate dominant shopping centres in the Iberian peninsula


According to the latest survey Shopping Centre Index conducted by CBRE, the average turnover recorded by the Index increased by 12.5% y-o-y, reflecting the positive sentiment on the market driven by economic outcomes, such as the declining unemployment rate and increased wages, which resulted in a raised willingness of customers to spend more. The CBRE Shopping Centre Index recorded footfall increase by 3.7% y-o-y.


According to JLL, by the end of Q1 2016 Arbat Street led the rating of the most occupied Moscow retail corridors: its vacancy rate dropped by 2.3 pp to 6.3% in the first three months of the year. Tverskaya and Myasnitskaya streets maintained their top positions with vacancies at 6.5% and 6.8% respectively.