1. The future desires authenticity
The airport of the 21st century offers an environment with a distinct ambiance underlining the importance of authenticity and a culture-driven experience. While all airports offer a selection of global brands, the local flavour is the one that individualises a hub from another. In 2014, more airports will include a selection of local brands, products and other creative experiences, giving the traveller an exclusive ‘sense of place’.
A great example of European airport which offers the local experience as part of its retail strategy is Zurich Airport, which highlighted Swiss made products branded as ‘Swissness’ and ‘Zurichness’. Other great examples are ‘Holland Boulevard’ in Amsterdam Schiphol, the ‘Portfolio’ store in Lisbon Airport and on an international level, the ‘Edo Market’ in Tokyo Haneda.
2. The future is interactive
Airports are not only leaders in terms of adapting to the latest technology but also hubs, where innovation and interaction are highly praised. A great example which added innovation and interaction to the airport’s traditional services is the ANT driven robot developed by the Geneve Airport. Guiding passengers around the airport while at the same time carrying their luggage, the welcoming robot was well received by the technology-savvy customers of today.
Airport retail has seen major developments over the last fifty years and aiming for innovation and interaction has become increasingly more important. What do retailers offer to the international mix of travellers passing through the airport? An example is the use of touch-screen technology which can provide the personalised experience while at the same time offering information about the goods commercialised. As such, entering the ‘Fragrance Boutique’, the customers can browse the offer on a tablet, choosing the desired scent according to recommendations, new additions, best sellers, exclusives, special offers or even according to their star sign.
3. The future is mobile
The much-discussed mobile trend is here to stay since 91% mobile users are carrying their device within arm’s reach at all times. When it comes to motivating sales in the airport, 5.8% shopping trips are currently influenced by mobile access, a figure forecast to increase to 18% by 2016.
When shopping in the airport, travellers use their smartphones for a number of different reasons, most often to:
Going mobile, retailers can boost their sales by:
The 23rd edition of the ACI Europe Airport Trading Conference and Exhibition has taught us that trends such as authenticity, innovation/interactivity and the mobile trend are essential for airport retailers who want to be successful and appeal to the modern traveller.
Title: IPD European Property Investment Summit & Awards 2014
Location: London, UK
Location: The May Fair Hotel
Location: Investments, awards
Link out: Click here
Description: This year – for the first time – IPD will be recognising real estate performance excellence in the European arena at a dedicated event in London. This awards ceremony, with its opening international keynotes, is set to become a must-attend event in the real estate investor’s calendar.
Img out: Click here
The post IPD European Property Investment Summit & Awards 2014 appeared first on europe-re.
Pluto Finance has agreed to lend £17.2 million (approx. €20.9 million) for the development of 53 houses and apartments in Bushey, Hertfordshire.
The loan to an experienced local developer is in the form of stretched senior residential development finance, combining senior and mezzanine debt. It has been provided by Pluto Finance’s £360 million (approx. €437.6 million) stretched senior loan business to provide much-needed finance for housing developments in London and the south of England.
The business is backed by Blackstone, Clearbell Capital and a number of institutional investors. It provides developers with a single loan of up to 90% of the cost of the development, enabling developers to kick start new projects and also to spread their equity across a greater number of schemes.
The development at Bushey, which has a gross development value of £26 million (approx. €31.6 million), is located on the site of a derelict health centre. It will comprise 31 apartments and 22 houses, totalling 65,500 ft² (approx. 6,085 m²).
Chris Philp, CEO of Pluto Finance, said: “Our stretched senior business is finding good traction with residential developers, who continue to find it difficult to source adequate funding for their schemes.
“For Bushey, we were happy to complete the financing transaction quickly so as to enable our client to acquire the site and then move into the development phase straightaway.
“There is a shortage of good value family housing in London and the south, and we are happy to provide the funding to increase the supply”.
Source: Pluto Finance
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Orion European Real Estate Fund IV, CV sponsored by Orion Capital Managers and Quadrant Estates, which will act as asset manager, announced today that they have agreed to acquire Ireland’s busiest cinema, the Cineworld Complex in Parnell Street in the heart of Dublin, from Jones Lang LaSalle and Wealth and Property Solutions Limited acting on behalf of a syndicate of investors. Financial details of the transaction are undisclosed.
The 140,000 ft² (approx. 13,000 m²) Cineworld Complex , which comprises a 17 screen (including IMAX) cinema over four levels providing a total of 3,360 seats together with an entrance foyer, licensed bar and concessions. The property has been fitted out to a very high standard by its current operator, Cineworld Cinemas, with state of the art digital projectors in all of the 17 screens. The IMAX screen is the largest of its type in Ireland and was completed in 2012.
In addition to the Cinema, the property comprises a basement level which has been let to Nightmare Realm for a themed venue. Furthermore the former cinema entrance foyer extends to over 3,000 ft² (approx. 278 m²) and is currently vacant but would make an ideal location for a restaurant tenant given its location and significant street frontage.
Aref Lahham, managing director and founding partner of Orion Capital Managers commented:
“Orion acquires investments in prime positions where it sees strong potential for income growth and asset management opportunities and the Cineworld Complex in Dublin provides both.”
Christopher Daniel, Director of Quadrant Estates said:
“The opportunity to asset manage the Cineworld Complex in Dublin presents a very interesting prospect for us. As Ireland’s busiest cinema complex, the fundamentals of the asset are sound yet there are significant opportunities to add value. In addition, the space available should appeal to major leisure brands looking for high profile exposure in the City on this prime retail thoroughfare.”
Montagu Evans acted for Orion and Quadrant Estates.
Source: Quadrant Estates
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Rank Progress has just recently concluded a preliminary agreement with Austrian IMMOFINANZ Group regarding co-operation in the execution of a commercial retail project in Pi?a. According to the signed document, the Austrian company will take over the development project Galeria Pi?a and refinance the costs incurred in association with executing the investment in Pi?a up to the date of the final agreement’s signature.
Additionally, IMMOFINANZ will take-over the further financing up to the date of completion. The net amount which Rank Progress shall receive as a result is 56 million PLN (approx. €13.4 million). The acquired resources shall be allocated especially towards reduction of the Group’s debt. The transaction is subject to several closing conditions.
Furthermore, it has been established that the Legnica based company will resume the project management and carry out the lease process for the Pila project. For that work the company will receive market-based compensation which will depend on the achieved results. Based on an earn-out agreement, Rank Progress will participate in the development profit in a certain agreed percentage after two years.
— We are very happy that we have gained such a reliable and reputable partner. I hope that the concluded agreement will be the first step towards further co-operation with IMMOFINANZ – says Jan Mroczka, president of Rank Progress.
As both parties emphasize, a possible further co-operation is being examined and can involve the joint execution of investments already in development as well as the acquisition of investment projects with development potential on the market.
Construction of Galeria Pi?a commenced in mid September 2013. The center’s opening is planned to take place in Q4 of 2014. The shopping center’s leasable area is 23,800 m². Approximately 60 retail and service premises will be created. The structure will feature a car park with over 800 parking spots. The building’s total area will be 34,5000 m². Over 70 per cent of the Gallery’s area is already leased.
Besides Galeria Pila, this year Rank Progress plans to commission the Pogodne Centrum in Ole?nica, and most likely also the retail park in Krosno. At the same time the company is planning to move forward with the construction of the Aviator gallery in Mielec.
Source: Rank Progress
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Skanska has signed a contract with developer Helical Bar to build the commercial development Creechurch Place in London, UK. The contract is worth SEK 1 billion (approx. 109 million €) which will be included in order bookings for Skanska UK for the second quarter of 2014.
The Creechurch Place development, in the City of London, will provide 26,000 m² of office accommodation over 21 floors. Skanska is responsible for the construction, mechanical and electrical engineering and installation of services within the main plant rooms.
The development is expected to achieve a BREEAM Excellent rating when complete.
Work is due to start in August 2014 and finish in September 2016.
Skanska UK reported revenues of about SEK 13 billion (approx. €1.4 billion ) in 2013. It has around 5,000 employees. The company is active in building and civil construction, utilities and building services, as well as facilities management and commercial development. In the UK, Skanska is a leader in public private partnerships, PPPs, also known as Privately Financed Initiatives, PFIs.
Source: Skanska Group
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The Tenth Annual International Conference on the Real Estate Market in Croatia was held on April 9 & 10, 2014 at the Esplanade Zagreb Hotel.
At the Conference there were 102 Croatian and international speakers and altogether more than 550 participants. There were 19 interesting panels and the main topics of the Conference were: Commercial real estate, Tourism, Housing, Urban regeneration, Renewable energy, EU Funds, Green building and Sustainability.
The speakers at the Conference opening were Mr. David Slinn, His Excellency Ambassador of the United Kingdom of Great Britain and Northern Ireland and Mrs. Anka Mrak-Taritaš, Minister of Construction and Physical Planning.
After the introductory speeches the following projects were presented: Sava Zagreb, an extremely valuable urban regeneration project Liverpool Waters, the most advanced underground train in the world – the Inspiro, the development of Borongaj Campus in Zagreb and the modern Campus WU in Vienna.
After the official part of the first conference day all the participants were invited to the Croatian Music Institute for the Gala Reception. The Gala Reception started with a short but very sophisticated concert by young Croatian musicians. After what we believe was an amazing musical delight for everyone, an elegant gourmet dinner was served, while the musical background was arranged by a DJ.
The Partner Country of the Conference was the United Kingdom of Great Britain and Northern Ireland. The Main Institutional Patrons were the Ministry of Construction and Physical Planning and the Ministry of Tourism. The Patrons were American Chamber of Commerce in Croatia and Advantage Austria. The Institutional Partner was EBRD. The Industry Partner was MIPIM. The Technology Partner was Siemens. The Partner Agency was Agency for Investments and Competitiveness.
The post The Tenth Annual International Conference on the Real Estate Market attracts 550 participants (HR) appeared first on europe-re.
Accor reported yesterday that it achieved €1.135 billion revenue in Q1 2014, down 5.5% from €1.23 billion reported last year at the same period. At comparable scope of consolidation and exchange rates or like-for-like, revenue rose by 2.1% compared to last year.
HotelServices revenue was up 4.7% y-o-y and amounted to €262 million on a like-for –like basis (pro forma and including expansion). Most geographical areas showed strong gain except for France which declined by 3.7% compared to last year.
Hotelinvest revenue amounted to €992 million in Q1 2014, reflecting a 1.2% like-for-like increase. The NCEE region accounted for 44% of the revenues while performance in France contracted by 3.9% like-for-like due to the increase in VAT from 7% to 10% since January 1st, poor weather conditions throughout the year and the recent municipal elections.
Sébastien Bazin, Chairman and Chief Executive Officer of Accor, said: “Accor’s performance continued to improve in first-quarter 2014, despite a tough French market. HotelServices confirmed its high potential and is expanding quickly in fast growing geographies, while HotelInvest consolidated its position as the leading hotel investor in Europe, benefiting in particular from strong dynamics in the United Kingdom and Germany. These trends should continue in the coming months. At the same time, the Group is pursuing deployment of its new strategy at a fast pace”
Source: Accor Group
Union Hanover Securities will have its first extended-stay Urban Villa hotel trading in November after it acquired 100 serviced apartments from Barratt London at its Great West Quarter (GWQ) scheme in Brentford.
Last month the hotel developer and operator, Union Hanover unveiled a new team and a substantial equity injection, with which it announced it will grow its £350 million portfolio to £1 billion (approx. €1.22 billion) within five years.
The 100 serviced apartments acquired on a 999-year lease, are in the landmark 25-storey tower on the 12.5 acres mixed-use scheme which also has 800 homes retail, restaurants, offices and a Novotel Hotel, on Great West Road, Brentford, TW8. Further details of the deal were not disclosed.
Hospitality director and Urban Villa co-founder Andrew Fowler said: “GWQ is in an excellent location on the West End – Heathrow corridor, also known as the Golden Mile, which is adjacent to a number of major corporate headquarters such as Glaxo, Sky, JC Decaux, Worley Parsons, EMC and Sega. The area is currently under supplied in quality accommodation, particularly in terms of extended stay and corporate housing. And supply doesn’t appear to be going to increase any time in the near future.”
Managing director of Union Hanover and Urban Villa co-founder Eric Jafari added: “The Tower at GWQ was an obvious acquisition for us. It fits well with our growth strategy for the Urban Villa brand in London. GWQ will be the first of six UK Urban Villa All-Suite Hotels that we will deliver in Aberdeen, Edinburgh, London and Portsmouth over the next two years. October of this year also sees the launch of our first London HOAX Hotel/Hostel at Waterloo, so this will be a busy but exciting time for us.”
JLL Hotels & Hospitality team advised Barratt London on the transaction.
Source: Union Hanover
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Cofinimmo announces today the closing of an agreement concerning the disposal of a long lease on the Montoyer 14 building, for a period of 99 years.
The disposal amounts to €13 million, which is above the last investment value of the expert at 31.12.2013. The building is located rue Montoyer 14 in 1000 Brussels, in the European district. It is currently 100% rented to prime tenants. The long-term leaseholder is an investment company acting for several institutional investors.
Xavier Denis, Cofinimmo Chief Operating Officer: « Cofinimmo is pleased with this transaction, which allows the company to pursue its strategy of active portfolio management. »
The post Cofinimmo sells Montoyer 14 building in Brussels for €13 million (BE) appeared first on europe-re.
Köln, 15.04.2014. Das neue Immobilienmagazin „Grundriss“ der KSK-Immobilien GmbH erscheint heute zum ersten Mal. Ob als Printausgabe, zum Download oder als App: Interessierte erhalten das kostenlose Magazin mit Berichten und Tipps rund um Immobilien im Rheinland. Das zweimal im Jahr herauskommende Immobilienmagazin „Grundriss“ der KSK-Immobilien GmbH befasst sich mit Artikeln zum Immobilienmarkt im Rheinland und zu seiner Entwicklung, zu aktuellen Neubauprojekten in der Region und zu den neuesten Trends in den Bereichen Wohnen und Leben. Beiträge über aktuelle Themen der Immobilienbranche halten die Leser auf dem neuesten Stand. Darüber hinaus stellt die KSK-Immobilien GmbH, Immobilienmakler der Kreissparkasse Köln, eine exklusive Auswahl ihrer Immobilienangebote vor.
Quelle: ImmobilienScout24 News "Rund um die Immobilie" | 15 Apr 2014, 8:40 am
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