Published in Property on 21-05-2014
Redevco and Carrefour have extended their Belgian collaboration, which concerns rental agreements on 66 strategic shopping locations.
Both parties have expressed their delight at the continued collaboration, which dates back to 2001.
In order to combat rising vacancy rates, owners of commercial real estate are heavily pressured into offering significant discounts - often as high as 15 %, but sometimes even up to 50 %.
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Over the past ten years, the number of shops in Flanders and Brussels has decreased by 15 %. Strangely, the vacancy rate increased, but so too did the amount of retail space that was actually used. E-commerce is often presented as the culprit, but the story is actually much more complex than that.
The launch of Westfield on the European continent was celebrated in Paris. The shopping centre operator will have ten Unibail-Rodamco shopping centres under their responsibility, ranging from France to Sweden.