High transport and returns costs make selling online no cheaper than running a traditional shop said a retailer at ICSC’s European Research Seminar in Copenhagen. Customers also spend four times more in-store than online, according to research, confirming the importance of shopping centers and high streets to Europe’s economy. Last week’s admission from retailers is welcome news for shopping center investors and asset managers who have felt increasingly threatened by traditional retailers expanding online. Retailers are also boosting ‘click and collect’ facilities [...]
ICSC: Changing consumer behavior favors outlet shopping (EU)
Traditional retail continues to be challenging thanks to volatile European economies, but leading European outlet development company, Neinver, reported a 7% increase in visits to its centers this year resulting in a 15% sales uplift, delegates heard at this year’s International Council of Shopping Centers’ (ICSC) European Outlet Conference in Milan. Consumers are not ready to give up the increasingly popular pastime of shopping, according to Neinver’s Eduardo Ceballos, who spoke at the conference, but they also don’t want to go to multiple places to shop. He said: “Outlets [...]
EU Commissioner: EC Wants To Raise Direct Payments Per Hectare By 25% For Young Farmers
EU Commissioner for Agriculture Dacian Ciolos said Friday the European Commission’s proposals on the 2014-2020 Common Agricultural Policy include a 25% increase in direct payments per hectare for young farmers. source: Ziarul Financiar
CBRE: Fall in government bond yields should turn investor interest to property (EU)
The widening of the yield gap between government bonds and prime real estate in Europe is significantly enhancing the attractiveness of property for yield-driven investors seeking secure medium- to long-term income, according to a report from CBRE. One of the legacies of the recent global financial market turmoil has been a fall in the yield on ‘safe’ government bonds, while, at the same time, the yield on prime real estate in Europe has been essentially stable. Sharply lower government bond yields mean that, in terms of relative pricing between asset classes, real estate looks more [...]
EU Energy Traders To Report All Transactions To ACER
Electricity and gas traders will need to report their transactions to the Agency for the Cooperation of Energy Regulators, or CER, according to new framework adopted by the EU Monday, for the monitoring of energy markets. source: Ziarul Financiar
Three business centers in Cluj with money from the EU
Several local companies have submitted projects to obtain EU funds through the Ministry of Regional Development and Tourism. The industrial park will be Dej complex with offices and warehouses Cluj companies interested to develop such centers supported by Axis 4.1, which aims to develop sustainable business support structures of regional and local importance are Dej Arc Park, Wood Green and Jag, Minister of Development said in Cluj. "Spring Park is one of the investors on sustainable business support structures of regional and local development project with a business support [...]
EC proposes minimum tax on financial transactions in all EU countries from 2014
The European Commission has proposed a tax on financial transactions that would stay at a minimum of 0.1 percent for the trading of bonds and shares and at 0.01 percent for derivative products, which should come into affect from the beginning of 2014, depending on the Council decision. Member states would be free to apply higher rates and the tax would have to be paid by each party to a transaction. It would apply to all financial transactions if at least one party to the transaction were established in an EU member state. “Belgium, Cyprus, France, Finland, Greece, Ireland, Italy, Romania, [...]
C&W: Upturn expected in shopping center development in Europe (EU)
An upturn in shopping center development in Europe is on the horizon, according to a report from Cushman & Wakefield. Although development has been subdued in some countries for the past few years, improving retailer demand and concerns about potential shortages of prime space are contributing to expectations of a rise in development activity in many European countries. Tyumen shopping center in Russia, on which Cushman & Wakefield is sole leasing agent, is due to open in Q4 2012. More than 2.1 million m² of new shopping center space in Europe was completed in the first half of 2011, [...]
Q: How did 2012 start for the residential market in Iasi?
Dan Mihoci: The real estate market is headed towards normalcy, without “sentimental” pretentions of the seller or unfounded requests from buyers with an evident need for consultancy, for both buyers and sellers. Despite the bad weather and the economic and political instability, the real estate market is an interesting chapter for everyone.
Q: In 2011, the year started with a high level of interest but few transactions. How did the market evolve ... 
