• European retail moving at different speeds at start of 2015Tuesday 6th Jan 2015

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    Developers of new UK mall confirm Autumn opening

    The Westgate Oxford Alliance has revealed that the much anticipated £440 million Westgate Oxford development will open its doors to the public on 24th October 2017. The launch date, in less than nine months’ time, will ensure that retailers benefit from the Christmas trading period, and that visiting shoppers will have the opportunity to experience [...]
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    CEE investment hits new highs with Poland leading surge

    Last year saw the highest CEE investment volume in the region’s real estate market history and Poland’s second best ever result. According to JLL, the CEE commercial real estate investment volume was circa €12.56bn in 2016. The full year breakdown saw Poland register an overall transactional volume share of 36%, followed by the Czech Republic (29%), [...]
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    DIY giant to trial smaller format urban stores

    London’s Holloway Road will be the location of B&Q’s first ‘small format’ store when it opens at the beginning of next month. The DIY company said that the high street store will be aimed at the ‘home improver’ and will serve a local market with tools and hardware, but it will not have building materials, [...]
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    Consultancy pops up with what it claims as an industry first

    BNP Paribas Real Estate has appointed Denizer Ibrahim to drive a new, ‘first-of-its-kind’ division focused on advising landlord and retailer clients on pop-up and transient retail strategy. Denizer, the former head of special projects at temporary lease specialist Appear Here, joins as BNP Paribas Real Estate reshapes its retail offering in line with future retail [...]
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    Fund manager completes loan deal for debt strategy

    Hermes Investment Management, the £28.6 billion manager, has completed a £10.38 million loan for its Real Estate Senior Debt Strategy. Hermes Investment Management has provided senior financing to Compagnie Du Parc to support the continued growth of its “Last Mile” portfolio; light industrial properties across Greater London. The deal, which was extended at 65% LTV [...]
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    Technology specialist predicts major dynamic shifts in store provision

    Manhattan Associates has predicted that etailers establishing a high street presence, dynamic fulfilment innovations, wider adoption of artificial intelligence and AR/VR technologies, and a shift to omni-channel customer service will be key themes for the retail industry in 2017. Henri Seroux, senior vice president, EMEA at Manhattan Associates, said: “Retailers need to be ready to [...]

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