Issue 224 : August 5th 2014
French developer and landlord Klepierre and Dutch peer Corio have announced plans to merge in a share deal in which Klepierre will absorb Corio and become one of the largest European shopping centre groups.
The deal underlines the process of the big getting bigger and may also lead to a spate of sales and acquistions and the giants of the Continent reposition.
Making the store relevant in an omni-channel world is the theme for our latest conference, to be held on 23 October in London, sponsored by TH Real Estate.
And since launch we have confirmed some more fantastic speakers for our line-up, making this the definitive omni-channel retail property event of the year.
The amount of floorspace at the pre-planning consent stage in the UK grocery development pipeline has fallen over the last year from 18.51m sq ft to just 15.22 m sq ft, the lowest since 2008.
The amount of new store proposals has, however, continued to rise. The average size of store proposal is falling due, in large part, to a sharp reduction in the number of hypermarkets coming into the development pipeline, according to global property consultant CBRE.