What is the “raison d’etre” of shopping centres in 2020, and after? At the Mapic conference held in November, GRN explored a sector in the midst of critical change.
“We see that the market is in flux,” said Mael Aoustin, Director of the Belgian property developer Galimmo. The firm operates 66 shopping centres for the Louis Delhaize grocery retailer (20,000 to 25,000 sq.m GLA) in average sized cities across Belgium, France, Luxembourg and Romania. For retail property owners, the unstable outlook is significant for many reasons, including increased competitive pressure from e-commerce. In the U.K., this will take 18% of retail sales in 2019. Non-grocery...
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