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| Noticias / CEMP 2007 |
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| The RICS will organize an International Seminar on ?The Changing Face of Retail? |
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| lunes, 28 mayo 2007 |
| The institution also collaborated with CEMP 2007 |
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The Royal Institution of Chartered Surveyors (RICS) will organise a Seminar as part of the BMP’s Symposium. This is the fourth year in a row that the RICS collaborates with BMP as a result of the excellent relationship between both institutions. Proof of this was the President of the RICS’ visit to Warsaw during Central Europe Meeting Point 2007 (see picture 1)or the meeting held last May 14th at the RICS’ London headquarters between Enrique Lacalle, Chairman of BMP, Josep Pons, Managing Director of BMP, and the new President of RICS Europe, Luciano Capaldo MRICS (see picture 2).
The conference organised by RICS provides an overview of the European retail scene. It offers indispensable insights into the trends affecting the retail real estate market and a focus on the leading retail hot spots. It is aimed at property investors, property occupiers and property professionals.
The European retail market is massive. Total retail expenditure is in the region of 2500 billion euros. But it is also complex. Retail formats vary enormously from country to country reflecting not just different stages of retail and real estate development but also deep cultural differences. There is no standard formula that can simply be exported from one country to another. Nonetheless, distinctive trends can be seen at work across the continent. Despite the rise of e-commerce the demand for retail space remains strong and the retail sector has consistently been the best performing real estate sector in many European countries. Investment in new shopping centres continues to break records whilst good quality space remains scarce in many European high streets. The market in retail warehouses remains buoyant in the face of planning restrictions whilst formats such as factory outlets are on the rise.
09.30-10.00 Registration and coffee
10.00-10.05 Welcome
by the Conference Chairman, David Tuffin FRICS, President of the Royal Institution of Chartered Surveyors
10.05–10.30 Europe’s retail hotspots
The retail sector has been the best performing sector in many European real estate markets. What has been driving the success of the retail sector? What are the prospects for the future? Where are current retail hot spots likely to be most attractiuve to both investors and retailers?
Josef A Bonhoff, COO Retail Management, Rodamco
10.30-10.55 The irresistible rise of the shopping centre – Europe’s best performing real estate sector
Shopping centres have been the main focus of investor interest within the retail scene. The completion of European shopping centres is at record levels with 8 million sq ft due to open in 2006/07 and many centres fully pre-let before completion. The forthcoming year looks set to be another record-breaking year. Despite the massive growth in shopping centre provision in recent years there remains an under-supply of provision in many cities. The irresistible rise of the shopping centre looks set to continue.
Juan Merino, General Manager, Shopping Centre Division, Riofisa, Spain
10.55-11.20 The changing retail scene in Spain and Portugal
The retail market in Spain and Portugal has undergone a rapid transformation over the last twenty years. What was a fragmented retail scene dominated by independents is seeing the development of more and more large scale modern shopping centres and the growing interest of international retail giants, particularly from France. The focus of shopping centre provision has moved towards Southern Europe with Spain now emerging as one of the leading providers of new shopping centres. What are the key features of the real estate retail scene today? What are the prospects for the future?
Rafael Pelote, Head of Research , Sonae Sierra, Portugal
11.20 -11.30 Discussion
11.30- 11.45 Break
11.45-12.10 The future of the High Street
Whilst out of town and edge of town shopping centres and retail parks are attracting a lot of investment and leasing attention there continues to be tough competition for prime spots in town centre locations. In some countries tight planning restrictions on out of town development are reawakening interest in the high street. The shortage of suitable space for flagship stores in many town centres has continued to push up rental levels. But in an increasingly multi-channel shopping world will traditional town centre locations be able to hold their own?
Martyn Chase, Chairman of Donaldsons
12.10-12.35 The rise of e-commerce
On-line retailing is taking an increasing share of retail sales, growing twenty six times faster than the High Street. At the same time the demand for physical stores is growing all over Europe. Can the two continue to prosper in a complementary way? What implications does e-commerce have for physical retailing in terms of future sales, space requirements, rental values and leasing arrangements?
Dr Yvonne Court, Partner, Cushman and Wakefield
12.35-12.45 Discussion
12.45-13.00 Break
13.00-13.25 The future for retail warehouses
Retail warehouses continue to attract strong interest from investors. But out of town retailing is often a controversial area of retailing because of perceived impacts on more traditional retailing activity in town centres. Planning regimes in different countries are key drivers in this sector with increasing restrictions on out of town retailing in some markets matched by greater flexibility in others, particularly where retail warehouses remain a relatively new retail phenomenon. What is the outlook for this sector? What factors will affect its growth and development?
Neville Moss, Pan European Retail Research, Jones Lang Lasalle
13. 25-13.50 Factory outlet centres: The next big thing?
There are now over 350 factory outlet centres in around 30 countries. Around two thirds of these are in the USA but factory outlets are now a well established feature of the retail scene in the UK and Ireland and the format is now beginning to take off elsewhere In Europe. There are already more than 100 centres across Europe. However, some mature real estate markets countries still lack any factory outlet centres and the scale of proposals in the pipeline suggest that the number of centres Europe could well double.
Brendan O’Reilley/Anna Jones, GVA
13.50 Discussion and concluding comments
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