\u2022 Specialist publication for commercial real estate dynamics of change in the industry
\n\u2022 \u201cRevitalization and modernization of retail locations is a necessity\u201d<\/p>\n
Hot off the press \u2013 under the title \u201cEnergy boost! \u201cRethinking retail real estate\u201d, the FMZ Report 2023 is published today. Now in its eleventh year, the retail real estate specialist MEC, together with its partners Nuveen, Savills, Dr. Lademann & Partner and WISAG are the trend-setting industry publications. The current issue broadens the focus and deals with the need for the revitalization and realignment of established retail locations in the context of socially shaping and determining topics such as sustainability and urban development.<\/p>\n
\u201cA transformation process is taking place on an unprecedented scale, because in recent years the conditions on the market for commercial real estate have changed particularly quickly and profoundly,\u201d says Christian Schr\u00f6der, Managing Director of MEC, describing the editorial focus of \u00fcber 100-page, current edition of the FMZ report. The authors address the issues that are currently shaping the successful future of retail real estate. \u201cThe dynamics of change have led to an urgent need, namely the revitalization and modernization of commercial properties,\u201d says Christian Schr\u00f6der, describing the challenge. This year's FMZ report is dedicated to this essential topic and highlights the current trends and tasks facing real estate owners, asset, property and facility managers.<\/p>\n
Time for the mix<\/strong><\/p>\n \u201cThe days when a simple retail location caused a stir are long gone. Online retail is booming, space concepts are being revolutionized and vacancies are driving us to think outside the box. One thing is certain: the sole use of commercial in many cases, space has had its day \u2013 it is time for the mix,\u201d explains J\u00f6rg Krechky, Head of Retail Investment Germany at Savills Germany, in the current FMZ report. The expert makes it clear: \u201cCustomers don\u2019t just want to shop, they also want to work, eat, entertain and maybe even live \u2013 and all in one place.\u201d Even if investors are still cautious about mixed-use concepts, it stands for J\u00f6rg Krechky states: \u201cThe premise of the decline in trading space remains and thus also the repositioning real estate needs. So what is still a niche topic today could soon be the new normal.\u201d<\/p>\n Individual concepts necessary<\/strong><\/p>\n As an investor representative, Maria Grubm\u00fcller, Senior Research Associate at Nuveen, looks at the need for change in retail real estate and sees individual communication between all relevant stakeholders as a success factor: \u201cThe development of a new concept for retail locations depends on the individual circumstances. For such individual revitalization strategies, a partnership-based dialogue with tenants, customers and also with the administration is essential. Sustainability is also coming into focus more than ever because a changed social zeitgeist, new lifestyle and leisure habits as well as different consumption patterns must be reflected in the real estate if it increases its value.<\/p>\n Up to 80 retail parks can be developed as a neighborhood<\/strong><\/p>\n Uwe Seidel, managing partner at Dr. Lademann & Partner, sees great potential in this development of retail locations: \u201cThe planning and realization of residential areas with mixed-use properties has increased fivefold in Germany within a decade.\u201d Seidel estimates that there are around 50 to 80 specialist market centers in Germany are capable of developing into the district: \u201cThe retail park not only has excellent starting conditions for enriching it with other types of use, but many locations also already have them today a significant mix of uses has been achieved. What is usually missing is a settlement structure or the addition of residential uses.\u201d<\/p>\n