Property

Raad van State suspends Uplace's environmental permit

Uplace will have to put its construction plans for Machelen on hold once again because the Raad van State just suspended the environmental permit the Flemish government had approved.

Redevco buys new store location in Paris

Real estate firm Redevco bought a store location, including stores like Tiffany & Co and Glasshütte, in the Rue de la Paix in Paris from Savills Investment Management. Neither party wished to disclose the fee for the acquisition.

Rental price for top shopping streets drops

Rental prices in the world's two most expensive shopping streets have dropped due to the growth of online shopping, leaving retail chains and real estate agents in a real pickle on how to deal with this new reality.

Major Benelux cities are important step in international brands' expansion strategy

International brands use major Benelux cities as an important stepping stone in their European expansion strategy, a new study says. Many major brands schedule openings in the Benelux immediately after hubs like Paris and London, mainly thanks to its central location.

Retail parks prove popular with shoppers and retailers alike

Retail parks' appeal continues to grow, both with retailers and shoppers all across Europe. Relatively low costs and easy accessibility are important drivers of growth. The mixture of rental parties is also evolving.

Delhaize attraction at new Schengen shopping center

Work is ongoing at Schengen in Luxembourg, to create a new shopping center which should open its doors in the summer of 2017. The main attraction will be a 3,500 sqm flagship store for Delhaize.

Chinese shopping center is world's largest building

While we fear our shopping centers are too large, filled with vacant lots, China goes for big. The New Century Global Centre shopping centre in Chengdu is the world's largest building in the world.

Hudson's Bay expands to 10 Dutch stores

Canadian Hudson's Bay announced it will open new stores in another seven Dutch cities: Amersfoort, Den Bosch, Enschede, Haarlem, Leiden, The Hague and Zwolle, meaning the chain has reached agreements for ten Dutch stores in total.

eCommerce slows down international retail expansion

Retailers are still looking for growth across borders, with Asia a particular interest to many. Nevertheless, high eCommerce investments have slowed down the international expansion, according to real estate consultant CBRE's "How Global is the Business of Retail?"'s report.

French luxury stores can open their doors on Sunday

Luxury brands can now open on Sunday in France, although it is only possible in several tourist areas. They will now be able to open their doors on Sunday 26 times every year.

Redevco Iberian Ventures buys 6 of Bogaris' retail parks

The Iberian joint venture of Redevco and Ares Management, called Redevco Iberian Ventures, has acquired 6 of Bogaris' retail parks for 95 million euro. Put together, the parks have 85,000 sqm of retail space.

‘Food’ is successful shopping center's biggest draw

Food is quickly become a shopping center's most attractive customer proposition. Successful shopping centers have a larger share of food-oriented stores, a medical cluster, multicultural shopping formulas and a link to online orders thanks to a pick-up point.

Wereldhave manages to increase profit

Retail real estate firm Wereldhave managed to sizeably increase its profit in 2015. Net profit nearly quadrupled, partially because of higher rental income, while its occupancy rate also increased.

Alternate builds new distribution center for Netherlands and Belgium

Alternate, online retailer and supplier for several Benelux web shops, will increase its distribution capabilities for Belgium and Netherlands as it starts the construction on a 17,500 sqm lot in the Dutch city of Tholen.

Record year for Danish furniture chain JYSK

Scandinavian furniture and interior design chain JYSK has broken all records in its broken fiscal year 2014-2015: the group managed a 2.9 billion euro turnover with a EBIT profit of 414 million euro, which is a 17 million euro improvement over last year.

CBRE sells off 33 Dutch store locations

CBRE Dutch Retail Fund has sold 33 Dutch stores, totaling 23,300 sqm. Parts were sold to French Sofidy, while Royal Properties Group (located in Brussels) acquired the remaining part.

McArthurGlen has plans for 8 new outlet centers

British designer outlet manager McArthurGlen intends to expand with another 8 outlet centers over the next 4 years, including The Loop at Flanders Expo in Ghent.

Upper 5th Avenue is most expensive shopping street in the world

With an average 33,812 euro per square meter, Upper 5th Avenue in New York is the world's most expensive shopping street. The Champs-Elysées is Europe's most expensive shopping street, narrowly beating Bond Street in London.

Zalando will open new main office in 2018

German online retailer Zalando has divulged its plans to open a new main office in Berlin in 2018. The new office will have 7 floors and 100,000 square meters of office space.

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