Art, community and creativity: Three shopping centres setting new standards
Major department store, tick. Global fast-fashion retailer, tick. Supermarket giant, tick. Cinema, tick. We’ve all encountered those shopping centres that look and feel the same, no matter where you...
View ArticleEat, shop, play, repeat: Behind Central Retail’s winning mall formula
Thai retail conglomerate Central Retail opened the doors to its second eat-shop-play lifestyle center on the Thai island of Phuket on October 6. The new center is in the urban seaside Chalong...
View ArticleMarketing vs reality: When mall owners get it wrong
The quality of a shopping mall gets expressed through a broad menu of attributes: tenant mix, mall design, navigability, ease of access and egress, parking spaces, safety, how clean the toilets are,...
View ArticleSite Centers spins off 61 convenience store assets to new REIT Curbline
Site Centers has announced the plan to turn its convenience assets into Curbline Properties Corp – a separate publicly-traded real estate investment trust (REIT). Curbline Properties (Curb) will be...
View ArticleWhy Jakarta is the next big opportunity for premium outlets
Indianapolis-based Simon Property Group announced in its third-quarter development report that it has broken ground for its first premium outlet centre in Indonesia, in West Jakarta, promising to give...
View ArticleHow Raffles City aims to become Singapore’s ultimate beauty destination
Singapore, known for its vibrant fashion and beauty scene, has a new star in its constellation of luxury retail destinations. Raffles City, the premier fashion, beauty, and lifestyle mall, is making...
View Article“Consumers are looking for unique shopping experiences”: SingLand exec
In a strategic move to redefine the retail landscape and foster community engagement, Singapore Land Group (SingLand) has embarked on a journey to transform West Mall, situated in the heart of Bukit...
View ArticleArmani, Balmain among 30 new boutiques at South Coast Plaza
More luxury brands are opening boutiques at the redeveloped South Coast Plaza in Costa Mesa, California. Balmain debuted its flagship at South Coast Plaza late last year while Italian fashion designer...
View ArticleSimon Property Group’s FY23 net income, revenue up
Simon Property Group saw its net income increase last year as it executed a significant number of leases and projects and completed several major financing transactions. The company’s net income rose...
View ArticleWhat Simon’s latest results say about the landlord-tenant divide in retail
David Simon, CEO of Simon Property Group (SPG), presides over one of the strongest and most diverse mall portfolios in the world, including enclosed malls, megamalls, lifestyle centres and factory...
View ArticleDog parking and smart waste systems: Inside NZ’s most sustainable mall
Bayfair Shopping Center has been at the forefront of sustainability efforts in New Zealand for the last two decades. Now, the retail hub has been certified with a four-star green performance rating by...
View ArticleBain Capital, 11North Partners to build open-air mall portfolio
Bain Capital Real Estate and 11North Partners have created a joint venture to acquire and operate open-air retail centers throughout the US and Canada. The partnership will predominantly focus on...
View ArticleVirtual bestie: After JLL deployed ‘Cindy’, mall website traffic skyrocketed
JLL Retail Property Management has seen online website sessions of its shopping centers surge by 500 per cent year on year, just a month after launching a virtual shopper named Cindy. New site users...
View ArticleAll in one: How a $3.9bn mixed-use development in Bangkok will ‘redefine’ retail
Towering over Bangkok’s famous Lumpini Park, a $3.9 billion mixed-use development called One Bangkok is taking shape. When finished, it will likely alter the Thai capital’s retail landscape forever....
View ArticleWhat the rise of ghost malls says about India’s changing retail landscape
Despite India’s thriving retail scene, the country has recently seen a sharp increase in the number of small malls left vacant, casting doubt on the future of shopping malls. In its latest report,...
View ArticleIkea operator buys prime New York City retail site
Ikea operator Ingka Investments has purchased a prime retail site at 570 Fifth Avenue in New York City – in the heart of the city’s luxury precinct. Situated at the intersection of the Plaza and Grand...
View ArticleWhy US mall productivity is stagnating
In Julian Barnes’ brilliant 1989 novel, A History of the World in 10½ Chapters, he muses over animals being prevented from boarding Noah’s Ark because they were deemed not to be distinct species. “And...
View ArticleAmbitious Aussie jewelry designer Alana Ellis eyeing “worldwide domination”
The face behind Alana Maria Jewellery is Alana Ellis, a 26-year-old from Sydney who has nurtured a passion for jewelry design since elementary school when she began selling beaded bracelets to her...
View ArticleWhy rents are still rising in Singapore’s top malls, even when sales are not
Mall occupancy costs are continuing their upward climb in Singapore, as demand for space from retailers remains strong. Exemplifying this is Singapore CapitaLand’s real estate investment trust (REIT),...
View ArticleAdrian Cheng’s resignation marks turning point for New World Development
Last week, Hong Kong millionaire Adrian Cheng Chi-kong stepped down from his role as CEO of New World Development. The unexpected announcement followed the conglomerate’s first full-year loss in two...
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