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28 November 2017 PRADERA APPOINTS JOINT HEADS OF TURKEY OFFICE Pradera, the specialist international retail real estate fund and asset manager, has appointed Sabiha Güleç and Sevgi Ocak as Joint Heads of its Turkey office. 27 November 2017 PRADERA FUNDS AWARDED GREEN STAR FOR GLOBAL REAL ESTATE SUSTAINABILITY BENCHMARK Pradera, the specialist international retail real estate fund and asset manager, has again demonstrated it is setting the standard for sustainable retail real estate, having significantly improved its Global Real Estate Sustainability Benchmark (GRESB) results for 2017 across three of its funds. 21 November 2017 PRADERA RETAIL ASIA NAMES CHIEF EXECUTIVE FOR ITS CHINA BUSINESS Pradera, the specialist international retail real estate fund and asset manager, today announced the appointment of experienced real estate executive, Alison Rehill-Erguven, as Chief Executive of Pradera Retail Asia’s China business.

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Retail Occupational Market Outlook for 2014

Retail property markets again presented a variegated picture in 2013, with only tentative signs of recovery in Eurozone retail sales (after four years of decline) and a slightly more buoyant trend in the UK, largely due to rising online spending. Sustained demand from international retailers for prime retail in major European cities led to strong rental growth in London, Paris, Rome, Milan and Hamburg. However, away from major cities and dominant shopping centres, retailer demand and rental performances were patchy.

The outlook for 2014 is for a more sustained upturn in sales volumes with growth in nearly all markets. The strongest growth is predicted for Eastern Europe, but solid expansion is also forecasted in the UK, France and Germany. Spain is due to bounce back particularly strongly in 2014, although this follows a considerable decline in sales volumes in recent years. Elsewhere in Southern Europe, Portugal is expected to see a modest recovery but in Italy retail sales are forecast to fall marginally.
 
Retailers have become more selective than ever when looking at new stores - both in terms of space they take and countries they choose. Germany remains the main target for international retailers, with France, the UK, Austria and Switzerland also much in demand. The growth in online retailing has further increased the rigour with which retailers are analysing their portfolios. Whist some will downsize their store presence, the vast majority are embracing the multichannel approach - they are developing their online presence but they are also investing in new store openings and in existing stores. For many retailers opening stores in new markets is also a priority, underpinning our view that cross-border retailer activity will continue at a steady pace.
 
In terms of the type of space, retailers remain firmly focused on the very best units in Europe's major cities. This is putting upward pressure on rents in prime locations, with Germany's major cities and European capitals such as Paris, London, Moscow, Madrid and Warsaw likely to witness the most significant rental increases this year. A shortage of prime product has led to an increase in appetite for good quality secondary space in a handful of locations.
 
Shopping centre development activity is largely concentrated in emerging markets with Russia and Turkey leading the way. Ukraine, Poland, Italy and France, also have significant amounts of shopping centre space under construction. In Western Europe there is a strong trend towards refurbishment and repositioning of existing assets to make them more attractive for retailers. In terms of new centres, very few will open in primare locations and therefore occupier demand for the best quality stock will continue to outweigh supply in 2014.
 
Source: Outlook for European Real Estate 2014, CBRE, 23rd January 2014

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Retail sales forecast to grow in CEE over next decade

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European real estate investment up 12% in Q3 2017

Total real estate investment in Europe reached €66bn in Q3 2017, representing a 12% increase on the same period last year, according to the latest report from global real estate advisor, CBRE.

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Wave of shopping centre closures in the US won’t be replicated in Europe

Europe’s retail market is ahead of the curve in dealing with global structural change, according to a new research report published by JLL. The report - ‘Structural changes in retail – why Europe and the US are different’ - says the wave of shopping centre closures in the US won’t be replicated in Europe thanks to smaller market size, less reliance on department stores and movement towards shopping experiences.

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Online giant blending offline and online grocery and it's not Amazon

Alibaba Group Holding Ltd. has stepped up its efforts to combine physical retail with online in the supermarket space. The Chinese e-commerce behemoth has opened three new membership supermarkets, under the Hema banner, in Beijing and Shanghai, that seamlessly blend offline features with physical retail.

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Rebound in UK investments

Europe posted a strong second quarter with over €74bn in investments. This brings the total for H1 2017 to €130bn, which represents an increase of 13% compared to the same period in 2016.

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Sustained strong investment momentum in Germany

The German Commercial property investment market set another record in the first half of 2017 with an investment volume of €25.8 bn, which represents an increase of 45% compared to the year-earlier period.

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Ragusa: Ibleo Shopping Centre