Thursday, November 1, 2012

Investors Showing Strong Desire towards European Shopping Centers


During the recent few months, most of the European consumers have switched their shopping habits to purchase commodities from established shopping malls, rather than purchasing goods from any of the traditional central stores or retail stores of the city. Because of this reason, prime shopping centers in Europe have become safest bets for all property investors seeking to receive stable income, along with guaranteed return.

According to the research reports revealed by one of the famous property services companies of UK named Jones Lang LaSalle, in the 3rd quarter, direct investment in different real-estates of Europe have increased to huge value worth  €6 billion or $7.78 billion. However, investment value was only €3.9 billion during the end of second quarter. In fact, during the recent three-quarters, France, Germany and United Kingdom have witnessed drastic increase in real-estate investment.

Specifically, property investors are giving their huge concern towards prime properties of UK. The reason for this is that, among the three countries mentioned here, UK has high sales density. Few weeks ago, Sovereign wealth fund of Norwegian paid about £350 million for 50% stake in one of the popular shopping malls of Sheffield in UK. This shopping mall is named as Meadowhall shopping mall, which is located in northern part of England. 

Thursday, October 4, 2012

Bluewater Shopping Mall Exploring its Business Plan


Bluewater Shopping Mall of Kent may become one of the largest shopping centers of United Kingdom. This is because; owner of Bluewater Shopping Mall is applying for receiving permission related to the extension plan of their area by approximately 375,000 sq ft. Lend Lease is the owner of the incredible property, who is responsible for launching the consultation to propose extension of shopping mall business. However, property owner will submit the application for same in the coming months. Currently, shopping mall of Bluewater incorporates triangular shaped plan having more than 300 stores, along with 40 cafes, 3 anchors, minimum 40 to 50 restaurants and 13-screen cinema.

Westfield Shopping Center and Lakeside Shopping Center of United Kingdom are considered as the rivals of Bluewater Shopping Mall. Hence, if the extension plan gets approved by reputable UK authority, the Mall will have huge extra space to offer several exclusive features to worldwide visitors. In fact, owner and managers of this attractive shopping mall have predicted that new plan will result in huge extension of catering as well as retail space. Richard Coppell, retail development head of Lend Lease has given his viewpoints regarding the extension of Bluewater Mall. According to Richard, “Extension of business plan can be considered as one of the key elements associated with success of Bluewater Shopping Center in United Kingdom.”