French property manager Esset gets off to a flying start in Belgium, with the acquisition of property management companies Codabel and Cushman & Wakefield Asset Services in Belgium. Shopping centres Docks Bruxsel and Basilix have subsequently come under French management.
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Belgian retail group Louis Delhaize has reached a sale-leaseback agreement with the Austrian group Supernova regarding its real estate portfolio in Romania. Louis Delhaize has been operational in Romania under the Cora brand since 2003 and will continue to do so after the transaction.
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How do the shopping streets overcome the coronavirus pandemic? What are the most important shopping destinations today? With tourists being out of sight for almost two years now and people working from home remaining the norm, we see some surprising shifts.
If you think you often see stores of similar chains group together, you may be right. The right neighbour can triple your sales, new research indicates. To many Belgian stores, the favourite neighbour seems to be Dutch drugstore chain Kruidvat.
If you are interested in an expert's view on the future of the luxury department store, Maurizio Borletti - successful retail entrepreneur and former shareholder of icons La Rinascente and Printemps - will gladly provide one at the congress The Future of Department Stores.
Top managers from icons such as La Rinascente and INNO are making their appearance at the international conference The Future of Department Stores, which explores future avenues for the luxury department store sector.
Even though Wereldhave Belgium recorded strong results during the first six months of the year, the property lessor is lowering its profit forecast for the entire year. After all, the retail industry is not out of the woods yet.
Next year, an indoor Legoland Discovery Centre will open in shopping centre Docks Bruxsel. With this amusement park, the shopping centre hopes to attract a larger public.
Jysk and Extra have opened a store in a renovated retail park in Froyennes (Tournai), which has also been given a wooden front and a new brand identity.
So far, 2021 has been the best year for Belgian retail real estate since 2016, despite Covid and booming e-commerce. But while some prosper, others suffer: home improvement stores take the lead, while inner city stores fall behind.
Soon non-essential stores in the Benelux will be allowed to fully open their doors again, but how big are their chances of survival? Will it be a battlefield or a resilient recovery? Locatus calculated the risks and assessed the impact of the coronavirus pandemic.
How has the retail landscape changed in the last four years? It deflated, according to an analysis by Locatus. The number of stores has fallen in both Belgium and the Netherlands, while vacancy rates have risen.
Is it a fulfilment centre or a store? The future will be all about a mixture of the two: hybrid shops. The Covid-19 pandemic has given stores a new purpose, notes real estate player CBRE.
A German group has turned its attention to the outlets of the recently declared bankrupt retailer Mega World. Negotiations with the trustees are starting today.
John Lewis has been given the green light to convert no less than 45% of its flagship store on London's famous Oxford Street into office space. The conversion should help to make the department store chain profitable again.
Saving shops is not a noble cause, but a lost one: retail units are better converted into homes, according to a British think tank, because they are doomed to disappear anyway.