Newer space is always more attractive to retailers than tired, outdated sites and therefore developers seek the newest, most up to date property portfolio. With the project pipeline of leading developers being disrupted we forecast huge rent increases for future flagship projects, as retailers seek to expand and battle for the highest footfall in the most appealing locations.
Scope
* Detailed chapters on five core European markets, with analysis of leading players, recent developments, major centres, project pipelines and outlook.
* Profiles of Corio, Klepierre, Sonae Sierra, Unibail Rodamco including in depth analysis of their strengths, weaknesses and future plans.
* Discussion of environmentally friendly strategies: energy generation, conservation and efficiency with case examples from leading EU centres.
* A thorough assessment of the strategies for growth including new formats, new tenant mixes, new locations and other market shaping initiatives.
Highlights
We are seeing the first signs of stabilization after two years of turmoil. For now the race to mark down assets has stopped or at least significantly slowed. Credit markets are slowly returning. In many markets retail sales have seen a decrease in the speed of decline. The overall situation is clearly easing CEE apart.
However the long term outlook remains extremely sluggish and the pace of recovery slow and drawn out. And one has to assess the situation on a case by case basis shopping centre by shopping centre. In the meantime the shopping centre market has become a tenants' market and shopping centre developers will have to deal with limited rental growth.
Due to lower inflation and subdued retail sales, retailers can dictate conditions. The question of rent inflation has made a violent comeback with many retailers renegotiating leases. The threat of bankruptcy proceedings has strengthened retailers' hands. As a direct result of the economic crisis we have witnessed a pipeline extinction.
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Partial Table of Contents:
Executive Summary 2
Key findings 2
All about recession 2
Retail pain spreads to property 2
Signs of stabilization - but outlook remains sluggish 2
Shopping centres become a tenants' market 2
Pipeline dries up 2
Internet major threat 2
Developers can protect asset value indirectly by lowering rents 2
Factory outlet centres represent a major opportunity in certain markets 2
Luxury retailers create point of difference 2
Centres need to offer something new and exciting 2
A balanced sector mix will make shoppers stay longer 2
New concepts drive growth 2
Internet offers better communication via new media 2
Centre gift cards, night shopping and events should drive sales 2
Tenant rotation can give a new lease of life 2
Greening will be a major issue 2
Capitalise on renewable energy sources to reduce costs and carbon footprint 2
Sustainability should also affect the tenant mix and more organic retailers should be found in these centres 2
Energy efficiency and greening of retailing needs to be anchored in rental contracts 2
Sustainability will raise future asset values 2
Prospect of future inflation will make shopping centres an attractive investment once more 2
A disrupted replacement cycle spells huge rent increases for flagship projects in the future 2
Main conclusions 3
Changing fundamentals as downturn pounds shopping centre sector 3
All about recession 3
Retail pain spreads to property 3
Signs of stabilization - but outlook remains sluggish 3
Shopping centres become a tenants' market 3
Pipeline dries up 3
Internet major threat 3
Developers can protect asset value indirectly by lowering rents 4
Market shaping initiatives become the key growth opportunity 4
Factory outlet centres represent a major opportunity in certain markets 4
Luxury retailers create point of difference 4
Centres need to offer something new and exciting 4
A balanced sector mix will make shoppers stay longer 4
New concepts drive growth 4
Internet offers better communication via new media 5
Centre gift cards, night shopping and events should drive sales 5
Tenant rotation can give a new lease of life 5
Environmental sustainability issues will affect all areas of shopping centre development and management 5
Greening will be a major issue 5
Capitalise on renewable energy sources to lower costs and carbon footprint of centres 5
Sustainability should also affect the tenant mix and more organic retailers should be found in these centres 5
Energy efficiency and greening of retailing needs to be anchored in rental contracts 6
Sustainability will raise future asset values 6
Disrupted pipeline to drive up rents at future flagship projects 6
Prospect of future inflation will make shopping centres an attractive investment once more 6
A disrupted repla
Full ToC is available at:
-- http://www.fastmr.com/
About Verdict Group
With over 20 years' experience, Verdict Research is the UK’s leading authority on retailing, and publishes unrivalled independent analysis. Verdict reports, forecasts, briefings, consumer research and bespoke consulting services provide clients with a complete picture of the UK and international retail arena, helping retailers, manufacturers, service suppliers, city analysts and consultants to fully exploit opportunities within the sector. View more research from Verdict Research at http://www.fastmr.com/
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.
For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
