Issue 209 : April 22nd 2014
UK shopping centre development hit a four-year high last year, but subdued activity is expected in 2014 and 2015 as the market continues to recover from the economic downturn.
However, a notable uptick in development is expected from 2016, with large schemes already in the pipeline and new projects on the horizon.
Online juggernaut Google is testing a way to effectively bridge the gap between online activity and in-store purchases.
The pilot project is aimed at linking online behaviour with in-store purchasing and is reportedly being trialled in the US.
Allianz Real Estate has purchased the Kö-Galerie on Königsallee in Düsseldorf.
The sellers are funds managed by Blackstone and the Hamburg-based shopping centre owner and operator ECE.